Airtrax: Forklift Production To Begin
AIRTRAX, Inc. (OTC BB AITX): Announced the first frames for the ATX-Sidewinder omni-directional forklift that were ordered from Crane and Machinery, Inc. located in Bridgeview, IL are scheduled for completion early next month. A pilot production run of ATX3000 omni- directional forklifts will commence after the frames are completed and modifications are in place. Completing the pilot run will refine the assembly line, help develop procedures, and incorporate inventory control and quality assurance.
These first machines should roll off the assembly line in mid 2003. Airtrax plans to create the framework for rapidly scalable production capacity, initially sized for nominal monthly production but capable of ramping up for anticipated demand before year's end.Crane and Machinery, Inc. will provide components, such as the frames and overhead guards, as well as assemble the ATX-Series omni-directional forklift at their facility in Bridgeview, IL in accord with Airtrax specifications.Crane and Machinery, Inc., who manages production of the Schaeff Forklift at this facility, agreed to produce parts and assemble the ATX-Sidewinder in accord with terms of purchase orders issued previously. Parts and assemblies for the first commercial models are being procured from other vendors as well. When all component parts are received and the inventory control process implemented, assembly can begin at the Crane and Machinery, Inc.
facility. Airtrax products produced at this plant will be subjected to UL and ANSI (American National Standards Institute) testing. Completion and documentation of testing will clear the way for commercial sales.Peter Amico, Airtrax CEO stated, "The alliance between our respective companies is an initial step in deployment of our omni directional technology in commercial applications. Crane and Machinery, Inc., is highly respected and well qualified to provide manufacture, management and assembly services being strongly aligned in the material handling industry."The Airtrax ATX product line will be sold in the United States and throughout the world through a network of exclusive dealers. 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. AIRTRAX, Inc.
(OTC BB AITX): Announced the first frames for the ATX-Sidewinder omni-directional forklift that were ordered from Crane and Machinery, Inc. located in Bridgeview, IL are scheduled for completion early next month. A pilot production run of ATX3000 omni- directional forklifts will commence after the frames are completed and modifications are in place. Completing the pilot run will refine the assembly line, help develop procedures, and incorporate inventory control and quality assurance. These first machines should roll off the assembly line in mid 2003.
Airtrax plans to create the framework for rapidly scalable production capacity, initially sized for nominal monthly production but capable of ramping up for anticipated demand before year's end.Crane and Machinery, Inc. will provide components, such as the frames and overhead guards, as well as assemble the ATX-Series omni-directional forklift at their facility in Bridgeview, IL in accord with Airtrax specifications.Crane and Machinery, Inc., who manages production of the Schaeff Forklift at this facility, agreed to produce parts and assemble the ATX-Sidewinder in accord with terms of purchase orders issued previously. Parts and assemblies for the first commercial models are being procured from other vendors as well. When all component parts are received and the inventory control process implemented, assembly can begin at the Crane and Machinery, Inc. facility.
Airtrax products produced at this plant will be subjected to UL and ANSI (American National Standards Institute) testing. Completion and documentation of testing will clear the way for commercial sales.Peter Amico, Airtrax CEO stated, "The alliance between our respective companies is an initial step in deployment of our omni directional technology in commercial applications. Crane and Machinery, Inc., is highly respected and well qualified to provide manufacture, management and assembly services being strongly aligned in the material handling industry."The Airtrax ATX product line will be sold in the United States through a network of exclusive dealers. 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..
