TAPAAL is a new platform independent tool for modelling, simulation and verification of timed-arc Petri nets. TAPAAL provides a stand-alone editor and simulator, while the verification module translates timed-arc Petri net models into networks of timed automata and uses the UPPAAL engine for the automatic analysis. We report on the status of the first release of TAPAAL (available at www.tapaal.net), on its new modelling features and we demonstrate the efficiency and modelling capabilities of the tool on a few examples.