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Airbag Testing Technology, Inc.

April 4th, 2001

Airbag Testing Technology (ATT) has developed proprietary technology (patents pending) to scientifically test and re-certify recycled, automotive original equipment (OE) airbags. ATT's technology enables un-deployed OE airbags to be tested non-destructively, ensuring they meet the manufacturer's original specifications and therefore are safe to install in collision repair vehicles. The introduction of re-certified airbag modules, known as RAMâ„¢ to the collision repair market increases choice and offers cost savings of up to 40% vs new service parts while ensuring the safety of the component. ATT estimates that the world market for re-certified airbags is currently $33 million and expects it to grow to $129 million by 2005. RAMâ„¢ is available now through ATT's partner, CARS of Maryland, a dismantler and reseller of used auto parts. ATT has also developed a relationship with the Insurance Corporation of British Columbia, which is authorizing the use of certified recycled airbags throughout the province beginning April 1, 2001.

ATT's management team has extensive management, sales and engineering experience with major automotive parts manufacturers. ATT is looking to raise $1 million of equity to be used to fund marketing, the addition of another testing location and additional product development. ATT's longer-term plans include the manufacture and sale of new airbag modules.


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