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Airtrax Awarded Fifth U.S. Patent for Omni-Directional Vehicle Technology
Thursday, January 24, 2008
Blackwood, NJ -- Airtrax, Inc. , a developer of patented Omni-Directional Technology with military and commercial applications, announced today that it was awarded Patent # 7,314,103 from the United States Patent and Trademark Office. The patent is for Airtrax's "re-locatable operator station device," which is designed to enable constant operator control for walk-behind omni- directional vehicles or stationary machinery. This marks the fifth patent granted to Airtrax related to its Omni-Directional vehicle technology. Airtrax has five additional U.S. patents currently and several foreign patents pending in countries that include Canada, Israel, Turkey, Brazil, and the EU member nations.
Airtrax's unique re-locatable interface allows an operator to walk around part of the perimeter of an Omni-Directional vehicle while in motion, without ever losing orientation of the controls. "We are thrilled to enhance our marketing efforts with this new patented device that makes for a much safer, easier vehicle operation. By increasing operator visibility, lowering ergonomic impact and retaining the highly intuitive nature of the control system, our moveable interface is another breakthrough toward modernizing the global materials handlings industry," said Nicholas Fenelli, chief of operations for Airtrax.
The re-locator operator was first used on an MP2 prototype vehicle for the US Navy and more recently on a prototype vehicle for the Israeli Air Force. Fenelli continued, "We're now certain to build upon the success of our prototype vehicle for the Israeli Air Force, which recently led to an order for additional machines. We look forward to bringing this technology to our customers worldwide."
The re-locatable operator station is suitable for use on pallet trucks, long load transporters, aircraft engine handling devices, scissors lifts, and other industrial equipment, especially Omni- or Multi-Directional machinery or vehicles. The technology is also useful for fixed machinery, particularly when the operator cannot or does not remain in a single location, or is better served by working from an alternate location.
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 Lift Truck, MP2 Equipment Handlers, and the COBRA Omni-Directional Aerial Work Platforms (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, Nevada, Texas, Arkansas, Ohio, New Jersey, New York, Kentucky, Florida, and Pennsylvania in the United States, and internationally to the United Kingdom, Japan, Spain, Ireland, Israel, 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.
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