PRAB Reports 2001 Results

    KALAMAZOO, Mich.--Jan. 10, 2002--PRAB, INC. (OTC:PRAB) reports sales of $14,847,000 and a net profit of $542,000 for the year ended October 31, 2001.
    These results compare with sales of $15,687,000 and a net profit of $91,000 in the same period a year ago.
    The order backlog of $2,995,000 at October 31, 2001 compares with $3,878,000 at the end of the previous quarter ended July 31, 2001 and $3,984,000 at October 31, 2000.

    Prab, Inc., operating under two divisions, Prab Conveyors and Hapman Conveyors, designs and manufactures conveyors, metal scrap reclamation systems, and bulk material handling equipment and systems for a wide variety of industrial markets throughout the world.

                              PRAB, INC.
                     Summary of Financial Results
            (in thousands of dollars except per share data)

                              Fourth Quarter Ended      Year Ended
                                   October 31,          October 31,
                                 2001      2000       2001      2000
                                 ----      ----       ----      ----

Sales                         $  3,623  $  3,921   $ 14,847  $ 15,687
Net Income                         320       (78)       542        91
Per Share                     $   0.17  $  (0.04)  $   0.30  $  (0.13)