The construction of the PAX installation was inspired by the idea to make a beam of polarized antiprotons available for the experiments at the HESR FAIR. A spin filtering experiment with transversally polarized protons was realized using the new PAX installation at COSY. The results of this measurement are in perfect agreement with the FILTEX experiment. Hence, filtering is a viable method to produce a stored beam of polarized antiprotons. Another experiment which can be pursued using the PAX installation is the test of Time Reversal Invariance at COSY (TRIC). The goal of the TRIC experiment is to improve the present upper limit on violation of the T-odd P-even interaction by an order of magnitude using a genuine null observable available in a double polarized pd scattering. The status of the PAX spin filtering experiments as well as present understanding of the possible systematic uncertainties in TRIC are presented in this contribution.
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