A polarized antiproton beam at the Facility for Antiproton and Ion Research, proposed by the PAX collaboration, will open a window to new physics uniquely accessible at the new High Energy Storage Ring. Our proposal to realize an asymmetric collider, in which polarized protons with momenta of about 3.5 GeV/c collide with polarized antiprotons with momenta up to 15 GeV/c, is well--suited to perform a direct measurement of the transversity distribution function $h_1$. In this report we summarize the outcome of various working group meetings within the PAX collaboration. The overall machine setup at the HESR, proposed by the PAX collaboration, is described along with the associated PAX experimental program.
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