Airtrax expects its distributorship agreement with Airtrax Canada to add USD9.2 million to annual revenues for 2005.

The US company has finalised a contract granting exclusive Canadian distribution rights of the Sidewinder omni-directional forklift to The Vision Company and 1148732 Alberta Ltd.

According to the contract, The Vision Company and 1148732 Alberta Ltd, operating as Airtrax Canada, will immediately purchase 10 units of the Sidewinder for demonstration, marketing and promotion to Airtrax Canada's dealer network.

Airtrax chief executive Peter Amico said the agreement cemented the original letter of intent announced in December 2004 (Forkliftaction.com News #189).

"Through this partnership, Airtrax benefits from Airtrax Canada's expertise in servicing the Canadian materials handling industry," he said.

"Airtrax Canada will market our vehicles to its existing database of more than 250,000 warehouse and distribution facilities in Canada - all potential purchasers of the Airtrax product line.

"We anticipate (this) would add approximately USD9.2 million to our annual revenues in 2005."