| News Release from Titan International, Inc.
August 22, 2008Titan Tire Corporation’s 63-inch OTR Tire Continues to Perform
QUINCY, Ill.-Titan Tire Corporation, a subsidiary of Titan International Inc., announced today that its new 63-inch giant off-the-road (OTR) mining tire and wheel assemblies are continuing to perform well for customers. The company's first shipment of 63-inch giant tires are being used in mining applications in Canada's oil sands.
"Titan's 63-inch giant tires continue to run with success," said Titan Chairman and CEO Maurice M. Taylor Jr. "These tires have surpassed each standard we've set for them, and we expect only the best from our products. Our OTR tires, with our new patent pending design and manufacturing technology, run cooler and stronger," said Taylor. "We continue to increase production everyday on these big daddy 63-inch tires and plan to roll out 57-inch OTR tires this year. As the video taken in the oils sands shows, even with a load over 400 tons, the tires run great. The rumors of failed tires and performance that have been circulating are false. As viewers can see, these big daddy tires are great. Our agricultural business also continues to grow. It may be to our competitors' dismay, but Titan is looking forward to a great 2008 with even more success to follow in 2009."
Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications. For more information, visit www.titan-intl.com.
Contact: Titan Communications, (217) 221-4489