Airtrax Teams with General Dynamics for U.S. Navy Proposal

BLACKWOOD, N.J., Feb. 12 /PRNewswire-FirstCall/ -- Airtrax, Inc. (BULLETIN BOARD: AITX) , a developer of patented Omni-Directional Technology with military and commercial applications, announced today that the Company has teamed with General Dynamics Armament and Technical Products and General Dynamics NASSCO, both business units of General Dynamics Corporation , in a proposal to provide the U.S. Navy with a Shipboard Selective Access and Retrieval System (SSARS).

SSARS is a General Dynamics vehicle concept that will utilize Airtrax's patented Omni-Directional drive system to enhance mobility on board U.S. Naval ships. The Omni-Directional vehicle would be used to lift and move an assortment of military vehicles and storage containers in transit. SSARS would enable on-board vehicles to be stowed very close together, while allowing any vehicle to be retrieved easily and efficiently, without dedicating a vast amount of deck space for maneuvering.

This is the second teaming of Airtrax and General Dynamics. In 2002, the pair successfully completed a Phase 1 contract from the Office of Naval Research to develop an autonomous Omni-Directional Vehicle for shipboard cargo handling. "General Dynamics stated that they have once again sought Airtrax as a partner in this endeavor because they recognize Airtrax as the world's leader in Omni-Directional Technology. Airtrax is honored to collaborate with General Dynamics. Together, we can demonstrate new technologies that allow naval officers to manage massive amounts of heavy machinery, cargo and vehicles with greater efficiency and ease-of-use," said Nicholas Fenelli, chief of operations for Airtrax. "Our relationship with General Dynamics and the SSARS concept provides the inroads to significantly impact our growing government business segment now and in the future."

General Dynamics NASSC is one of three shipyards in the Marine Systems group of General Dynamics Corporation. Located on scenic San Diego Bay, NASSCO is the largest new construction shipyard on the West Coast. NASSCO has been building large ships for commercial customers and the U.S. Navy since 1960. General Dynamics Armament and Technical Products, an operating unit of the General Dynamics Corporation, is a proven systems integrator of defense products for all branches of the U.S. Department of Defense and the Ministries of Defense of over 30 allied nations. For more information on General Dynamics Corporation, visit http://www.generaldynamics.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) Lift Truck, MP2 Equipment Handlers, and the COBRA(TM) 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 http://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.

For further information, contact: At the Company: Airtrax Brian Cartin 856-232-3016 bcartin@airtrax.com http://www.airtrax.com/ Investor Relations: The Equity Performance Group Gary Geraci 617-242-1025 gary@equityperfgp.com http://www.equityperformancegroup.com/