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AITX - Airtrax Signs 10 Year Sales and Distribution Agreement With Metalman Engineering Ltd. of Ireland
Jun 21, 2007 8:30:00 AM
BLACKWOOD, N.J., June 21 /PRNewswire-FirstCall/ -- Airtrax, Inc. (OTC Bulletin Board: AITX), a developer of patented Omni-Directional Technology with military and commercial applications, announced today that it has signed a 10 year sales and distribution agreement with Metalman Engineering Ltd. of Waterford, Ireland. The agreement grants Metalman Engineering the exclusive rights for the sale and distribution of Airtrax's SIDEWINDER(TM) and KING COBRA(TM) products throughout Ireland.

Metalman Engineering has 20 years of experience in Precast manufacturing, property development, waste development and engineering projects. Metalman has established a network of experienced material handling dealerships throughout Ireland. Carryduff Forklifts, an established forklift dealership with over 22 years of experience, will be the Northern Ireland regional distributor for Airtrax. Amiac LTD, based in Dublin, will operate in Northern Dublin and 10 surrounding counties. Fork Truck Services will operate in Southern Dublin and seven surrounding counties. Lift Truck Sales, based in Cork will cover four surrounding counties. Suirway Forklifts, based in Tipperary and with over 12 years of experience, will operate in four counties surrounding Tipperary.

Niall Griffin, director and principal of Metalman Engineering, stated, "We have just built a new production facility, showroom and offices based at the airport in Waterford, Ireland. This will be the showcase for Airtrax products including the SIDEWINDER and KING COBRA. We have a serious interest in the Airtrax products and anticipate strong nationwide demand and feel we will represent their products admirably."

Robert Watson, chief executive officer of Airtrax, stated, "Airtrax is fortunate to establish a relationship with a talented group of people that share our enthusiasm and commitment for Omni-Directional Technology. I am excited to work with Niall and his brother Padriag, and leverage their understanding of the industry and the strong fundamental base they have established in Ireland. Their new state-of-the-art facility is the ideal showcase for Airtrax products and the cornerstone of this new industrial complex that is owned and being developed by a division of Metalman Engineering. It was rewarding to see the Airtrax logo proudly displayed in this new facility. This is the start of a partnership that will explore all opportunities present in the Irish market and we feel that Ireland is the perfect starting point for future development."

Mr. Watson continued, "We remain committed to pursuing strategic partnerships and joint ventures that will enable Airtrax to better capitalize on the Company's technologies, lower cost of manufacturing, improving distribution channels and enhancing revenue growth. We anticipate receiving CE certification this month and plan to ship the first four SIDEWINDERS to Ireland in the first part of July."

About Metalman Engineering:

Metalman Engineering has 20 years of experience in Precast manufacturing, property development, waste development and engineering projects. Metalman Engineering Ltd. is a general engineering company, manufacturing and fabricating parts and steelwork to the customers' design in all types of metals and alloys such as mild steel, stainless steel and aluminum. Metalman Engineering was established in 1983 and is an international distributor.

For more information on Metalman Engineering, please visit http://www.metalmanengineering.com.

About Airtrax, Inc.:

A U.S.-based developer of Omni-Directional Technology, Airtrax designs and manufactures Omni-Directional Vehicles. The Airtrax patented wheel was designed and developed by Airtrax after receiving a technology transfer from the US Navy in the form of a Cooperative Research and Development Agreement (CRADA).

The SIDEWINDER(TM) Lift Truck, MP2 Equipment Handlers, and the KING COBRA(TM) 3368 Omni-Directional Aerial Work Platform (AWPs) are the first Omni-Directional vehicles using Omni-Directional technology and the patented Airtrax wheel to be commercially produced. The nearly maintenance-free drive system design reduces maintenance costs, delivering cost efficiencies to companies both large and small. The Airtrax patented Omni-Directional wheel is manufactured exclusively for Airtrax vehicles.

Airtrax has developed business partnerships, received orders, and shipped SIDEWINDER Lift Trucks to California, Wisconsin, Arkansas, Ohio, New Jersey, Kentucky, Florida, and Pennsylvania in the United States, and internationally to the United Kingdom, Japan, Spain, Panama, New Zealand, Canada, and South Africa.

For more information and to view a must-see product demonstration, visit www.airtrax.com or http://www.equityperformancegroup.com/clients_airtrax.php.

The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission. Customers of the SIDEWINDER mentioned in this release may own shares of Airtrax's stock or may own shares in the future.

For further information, contact:
At the Company: Investor Relations:
Airtrax The Equity Performance Group
Robert M. Watson, CEO Bethany Tomich
856-232-3000 617-723-1465
http://www.airtrax.com [e-mail]
http://www.equityperformancegroup.com
SOURCE Airtrax, Inc.



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Company
Robert M. Watson
CEO of Airtrax
[phone]; or Investor Relations
Bethany Tomich of The Equity Performance Group
[phone]
[e-mail]