Airtrax Unveils Next Generation Omni Directional Wheel

    HAMMONTON, N.J.--Sept. 19, 2002--AIRTRAX Corporation (OTCBB:AITX) has been granted Patents 6,340,065 and 6,394,203 by the US Patent and Trademark Office for its omni wheel technology advances.
    Airtrax develops, markets, and sells products incorporating omni directional vehicle technology. A major component of an omni directional vehicle is the wheel itself. Inventors and designers have tried for decades to increase the wheel's load carrying capacity and improve its ability to travel at high-speeds. Past omni wheel technology has emphasized roller profiles that, when assembled in the wheel frame, present an unbroken round profile to the running surface. Unfortunately the tapered rollers common to this style wheel have more compliance at the ends than in the middle. As a consequence, the vehicle ride height increases when supported by the larger section of the roller and sinks when on the narrow roller ends. The resulting up and down motion, up till the Airtrax invention, limited the vehicle's performance at higher speeds.
    In April of 2000, Airtrax applied for patent protection for its omni wheel design that deviates from the round exterior profile pursued by omni wheel designers for nearly 30 years. Barney Harris, principal inventor and Airtrax Vice President commented, "...omni wheels incorporating Airtrax's patented technology will ride smoother and can therefore operate at higher speeds." Harris adds, "as an added benefit, an omni wheel incorporating this patented technology will have a far greater load capacity."
    Airtrax has a number of omni wheel related and other patent applications pending or in preparation. Peter Amico, Company President commented that, "Protecting our intellectual property is a key facet of our strategy to increase shareholder value through the development of useful products with sustainable competitive advantages."
    AIRTRAX is completing final development of its ATX Series commercial omni directional fork lifts. Pilot models of the ATX-Series are undergoing final testing. "The ATX-3000 will sell at prices very competitive with any forklift on the market today," explained Amico. The Company is also developing product lines incorporating omni-directional vehicle technology for use in material handling, construction, health care, and entertainment. Airtrax is incorporating its patented wheel technology into all of its products. A three (3) minute video showing the ATX-Series forklift in action can be seen on the Company website, http://www.airtrax.com. For more information or a Free Video, contact Jeffrey Birdman at Marana Group 407/849-6699 or email: jbirdman@maranagroup.com

    This document contains forward-looking statements that are subject to risks and uncertainties. For such statements Airtrax claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act. The Company intends that such statements about the Company's future expectations including future revenues and earnings and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. Readers should refer to the Company reports filed with the Securities and Exchange Commission, which includes its Form 10-KSB for the period ended December 31, 2001 and subsequent filings, for a discussion of risks and uncertainties regarding the Company and its business.