Sky-Trax Elects CEO to Board of Directors


Sky-Trax announces the election of Mitch Silver, Sky-Trax CEO to the Sky-Trax Board of Directors

New Castle, Delaware, November 6, 2007 Sky-Trax Incorporated, the leader in optically based indoor position sensing technology, is proud to announce the election of Mitch Silver to the Sky-Trax Board of Directors. Mitch was hired as CEO of Sky-Trax earlier this year, and has proven to be a tremendous asset to the company. With his experience as an attorney, Mitch brings 15 years of business experience working with various start-ups and technology based businesses. In addition to being a Director, Mitch will continue in his role as CEO where his efforts at Sky-Trax have already been beneficial in helping the company to lay the groundwork for expansion into global markets.

Silver said, "It is a real honor for me to serve alongside some of the most visionary and talented technology engineers I've ever had the pleasure to have known. We are just starting to get the recognition for our innovative and ground breaking technology and this will set off a phase of rapid growth. Our growth strategy will stay focused on the continuation of strong partnerships, and the development of new partners, throughout the logistics industry."

Sky-Trax is looking forward to a bright future and the further development of complimentary products and enhancements to the Sky-Trax System for indoor vehicle tracking. "Sky-Trax is finding new applications on a daily basis for our inch accurate indoor tracking technology. We will continue to explore such exciting areas as AGV navigation, collision avoidance systems, as well building on the proven success of optimizing fork-truck operations with real time location tracking" said Silver.

About Sky-Trax Inc.
Sky-Trax develops revolutionary inch-accurate tracking systems for warehouse vehicles. Safety and productivity applications employing IPS are economical and practical to deploy, allowing warehouse professionals to substantially increase safety and improve warehouse efficiency. The results are fewer safety incidents, much lower operating costs, improved inventory accuracy, and greater throughput. For more information, please visit www.Sky-Trax.com.

Contact:
Sarah Sagin
302-395-9540 x807

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