November 25, 2005

Invention Creates Solution

Inventor Creates New Material Handling Solution and New Company

Paintsville, Kentucky – Ronald E. Ward, CEO and driving force behind Celerity Automation Inc., along with Richard C. Young and Michael Maynard, will take material handling into the 21st century when they introduce their revolutionary Linear Transfer Vehicle®, (LTV) at the NA2006 show to be held in Cleveland, Ohio, March 27-30, 2006.

Their patented Linear Transfer Vehicle® (LTV) is an accurate high-speed linear transfer system that uses the latest advances in linear direct drive servo motor technology. It will revolutionize material movement applications through its speed and precision; enabling material handlers and manufacturers to move, pick, and put away product with greater efficiency.

Taking advantage of linear motor technology’s smooth, virtually friction free electromagnetic operation, the LTV® moves product at speeds that are ten times faster than conventional belt drive systems. It moves at these speeds with a positioning accuracy of 0.010 in. Acceleration and deceleration rates can be 2 Gs. Plus, the LTV® can handle 121 cycles per hour. These features mean material handlers can see productivity improvements of as much as 300 percent.

To bring this new solution to market, Ward, Maynard and Young formed a first-rate team of highly skilled managers.

Director and Chief Executive Officer: Ronald E. Ward
Ronald Ward is co-inventor of the LTV®. A degreed engineer, Ward has designed special automated equipment for the automotive and appliance industries for almost three decades. In the mid sixties, he became a project engineer in charge of the special metal cutting machinery for Avey Machine Tool Corp. His career included teaching machine design and engineering related classes at Mayo State College for ten years. He founded Ronald E. Ward Engineering Inc., an engineering house that grosses over five million dollars annually; supplying special automated assembly and production systems to the manufacturing industries. Throughout his career he has invented precision machines that fulfill the need for efficient automation and continuous improvement in the quality of life. He will use this experience in engineering, business, and education to direct Celerity into the future as CEO.

President: Michael D. Maynard
Michael Maynard holds a B.S. and M.S. in Electrical Engineering from the University of Kentucky. As an electrical engineer for Appalachian Power Co., he was responsible for new transmission line construction. In 1994 he joined Ronald E. Ward Engineering as Electrical Engineering Manager, where he managed the design, installation, and integration of automated control systems for the large-scale plant production systems and manufacturing equipment built by R.E. Ward Engineering. Among his many accomplishments was the development of the direct-driven linear servo technology, later adopted by Celerity Automation. In addition to his engineering duties, he assisted Mr. Ward in the management operations of Ward Engineering. Since 2000, Mr. Maynard provided contract engineering design and consulting services as president and founder of Industrial Automation Consultants, LLC, until joining the Celerity team in late 2002. As president of Celerity, he is responsible for new technology development and management of the day-to-day operations.

Director of Engineering: Richard C. Young
Richard Young is co-inventor of the LTV®. He has a long and distinguished career as a design engineer and inventor for Production Plating Works, Enghauser Manufacturing, Precision Welder, Flexopress Co., and Teledyne Precision until his retirement in 1994. He worked as a consultant and designer for Ronald E. Ward Engineering Inc. Among the projects was the robotic mail handling system for the U.S. Postal Service. At Celerity, he is in charge of research and development implementation.

Rounding out the executive team are:
Dr. Adrian Park, M.D., Chairman of the Board
Donald H. Duke, Board Secretary; and Daniel J. Quinn, Director.

For more information, contact
Celerity at 485 Ponderosa Drive
Paintsville, Kentucky 41240
Tel: 606 789 8511 Fax: 606 789 7511
info@celerityautomation.com