TKR Timken Co

BLACKWOOD, N.J., Aug. 30 /PRNewswire-FirstCall/ -- Airtrax, Inc. (OTC:AITX) (BULLETIN BOARD: AITX) , a developer of patented, omni-directional technology with military and commercial applications, announced today that The Timken Company (NYSE:TKR), the exclusive manufacturer of Airtrax's patented omni-directional wheels, completed production and delivery of 76 omni- directional wheels from their assembly plant in Pulaski, Tennessee two weeks ago and another truckload of 76 was delivered this past week. A total of 152 wheels were delivered to Airtrax's U.S. assembly facility in Blackwood, NJ. According to an agreement between the parties, Timken plans to deliver 168 Airtrax 21" wheels each month beginning in September 2005. The wheels will be used for assembly of the Airtrax SIDEWINDER(TM) Omni-Directional Lift Truck. Timken also plans a monthly delivery of 400 Airtrax 17" omni-directional wheels for use on the Airtrax-MEC COBRA AWP beginning in October 2005. Peter Amico, president of Airtrax, said, "Our omni-directional wheels have stringent specifications and tolerances and Timken has the experience and expertise required to consistently deliver to our specifications. With the production and delivery of the wheels underway, we will begin assembly of our lift trucks to continue to fill orders to our international customer and reseller base." John Butine, regional manager of Timken, stated, "We are excited to be part of Airtrax's commercial technology and its many industrial applications." About The Timken Company The Timken Company keeps the world turning, with innovative ways to make customers' products run smoother, faster and more efficiently. Timken's highly engineered bearings, alloy steels and related products and services turn up everywhere -- on land, on the seas and in space. With operations in 27 countries, sales of $4.5 billion in 2004 and 26,000 employees, Timken is Where You Turn(TM) for better performance. For more information, visit the company web site at http://www.timken.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) Omni-Directional Lift Truck and the Airtrax-MEC Cobra (TM) aerial work platform (AWP) are the first omni-directional vehicles using omni-directional technology and the patented Airtrax wheel to be commercially produced. The nearly maintenance-free design also reduces maintenance costs, delivering cost efficiencies to companies both large and small. The Airtrax patented Omni-Directional wheel is manufactured exclusively for Airtrax vehicles. For more information and to view a must-see product demonstration, visit http://www.airtrax.com/. 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. For further information, contact: At the Company: Airtrax Peter Amico President 609-567-7800 http://www.airtrax.com/ Investor Relations: The Equity Performance Group, an affiliate of OTC Financial Network Gary Geraci 617-723-2373 http://www.otcfn.com/aitx DATASOURCE: Airtrax, Inc. CONTACT: Peter Amico, President of Airtrax, +1-609-567-7800, ; or Investor Relations: Gary Geraci of The Equity Performance Group, an affiliate of OTC Financial Network, +1-617-723-2373, Web site: http://www.timken.com/ Web site: http://www.otcfn.com/aitx Web site: http://www.airtrax.com/

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