Airtrax, Inc.: Fil Filipov on Board of Directors

HAMMONTON, N.J., July 27 -- Airtrax, Inc. (BULLETIN BOARD: AITX) , a U.S.-based developer of omni-directional technology, announced today that Mr. Fil Filipov will serve on its Board of Directors. Mr. Filipov currently is the owner of Filco GmbH, a forklift manufacturer located in Mulheim a.d. Ruhr, Germany. Airtrax has entered into an agreement to acquire controlling interest in Filco GmbH.

Mr. Filipov was born in Bulgaria and came to the USA in 1965. Filipov officially retired as President and CEO of Terex Cranes, a division of Terex Corporation, on January 1st, 2004. Terex Cranes is a $1 billion business segment of Terex Corporation. He continues to serve as the Chairman of the Supervisory Board of Terex Tatra, a Czech company producing off-highway trucks. During his tenure with Terex Cranes, which began in 1995, he was responsible for strategic acquisitions. Mr. Filipov served as President and CEO of Terex's Koehring division from 1993 to 1995, and was managing director of Clark Material Handling in Germany, which Terex sold in 1996. Prior to joining Terex, Mr. Filipov served as divisional president of Tenneco, Inc. and was VP Construction Equipment Europe for J.I. Case Co. from 1988 to 1992. His career started in 1966 with International Harvester in Chicago.

Peter Amico, Airtrax President, said, "Having someone with Mr. Filipov's qualifications serve as a Director exemplifies the industry's view of our products and the omni-technology we've developed. We are thrilled he'll be part of our board of directors."

"I am really excited to be working with Airtrax and their innovative technology," said Fil Filipov. "I believe this technology will have a significant impact in the material handling industry."

Airtrax designs and manufactures omni-directional vehicles which can travel in any direction by merely pushing a joystick in the direction the operator wants to travel. Airtrax omni-directional vehicles have very few parts, making them virtually maintenance-free.

The SIDEWINDER(TM) Omni-Directional Lift Truck and the Airtrax Phoenix(TM) aerial work platform are the first commercially produced omni-directional vehicles using the Airtrax wheel. The omni-directional wheel is manufactured by Timken Corporation under exclusive production rights to Airtrax.

For more information, visit http://www.airtrax.com/ or to receive an interactive CD-ROM contact Airtrax at P.O. Box 1237, Hammonton, NJ 08037-1237 USA, info@airtrax.com, or 609-567-7800.

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, 2003 and subsequent filings, for a discussion of risks and uncertainties regarding the Company and its business.