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AMR Technologies to Change Name to Neo Material Technologies

AMR Technologies Inc. announced today that after receiving the necessary shareholder and regulatory approvals, it has filed articles of amendment to change its name to Neo Material Technologies Inc.

Commencing April 28, 2006, the common shares of the Company will trade on the Toronto Stock Exchange under the symbol, “NEM”. The Company’s warrants will trade on the Toronto Stock Exchange under the symbol, “NEM.WT”.

The Company also announced that it expects to issue its first quarter financial results for the period ended March 31, 2006 on Friday, May 12, 2006.

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