diff --git a/src/node.cc b/src/node.cc
index dc82055a17..55ca0d1c75 100644
--- a/src/node.cc
+++ b/src/node.cc
@@ -63,6 +63,7 @@
 #ifdef __POSIX__
 # include <node_signal_watcher.h>
 # include <node_stat_watcher.h>
+# include <node_timer.h>
 #endif
 #include <node_child_process.h>
 #include <node_constants.h>
@@ -1888,6 +1889,11 @@ static Handle<Value> Binding(const Arguments& args) {
     binding_cache->Set(module, exports);
 #endif
 
+  } else if (!strcmp(*module_v, "timer")) {
+    exports = Object::New();
+    Timer::Initialize(exports);
+    binding_cache->Set(module, exports);
+
   } else if (!strcmp(*module_v, "natives")) {
     exports = Object::New();
     DefineJavaScript(exports);
diff --git a/src/node_timer.cc b/src/node_timer.cc
new file mode 100644
index 0000000000..50902895e7
--- /dev/null
+++ b/src/node_timer.cc
@@ -0,0 +1,200 @@
+// Copyright Joyent, Inc. and other Node contributors.
+//
+// Permission is hereby granted, free of charge, to any person obtaining a
+// copy of this software and associated documentation files (the
+// "Software"), to deal in the Software without restriction, including
+// without limitation the rights to use, copy, modify, merge, publish,
+// distribute, sublicense, and/or sell copies of the Software, and to permit
+// persons to whom the Software is furnished to do so, subject to the
+// following conditions:
+//
+// The above copyright notice and this permission notice shall be included
+// in all copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS
+// OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF
+// MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN
+// NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
+// DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR
+// OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE
+// USE OR OTHER DEALINGS IN THE SOFTWARE.
+
+#include <node.h>
+#include <node_timer.h>
+#include <assert.h>
+
+namespace node {
+
+using namespace v8;
+
+Persistent<FunctionTemplate> Timer::constructor_template;
+
+
+static Persistent<String> timeout_symbol;
+static Persistent<String> repeat_symbol;
+static Persistent<String> callback_symbol;
+
+
+void Timer::Initialize(Handle<Object> target) {
+  HandleScope scope;
+
+  Local<FunctionTemplate> t = FunctionTemplate::New(Timer::New);
+  constructor_template = Persistent<FunctionTemplate>::New(t);
+  constructor_template->InstanceTemplate()->SetInternalFieldCount(1);
+  constructor_template->SetClassName(String::NewSymbol("Timer"));
+
+  timeout_symbol = NODE_PSYMBOL("timeout");
+  repeat_symbol = NODE_PSYMBOL("repeat");
+  callback_symbol = NODE_PSYMBOL("callback");
+
+  NODE_SET_PROTOTYPE_METHOD(constructor_template, "start", Timer::Start);
+  NODE_SET_PROTOTYPE_METHOD(constructor_template, "stop", Timer::Stop);
+  NODE_SET_PROTOTYPE_METHOD(constructor_template, "again", Timer::Again);
+
+  constructor_template->InstanceTemplate()->SetAccessor(repeat_symbol,
+      RepeatGetter, RepeatSetter);
+
+  target->Set(String::NewSymbol("Timer"), constructor_template->GetFunction());
+}
+
+
+Handle<Value> Timer::RepeatGetter(Local<String> property,
+                                  const AccessorInfo& info) {
+  HandleScope scope;
+  Timer *timer = ObjectWrap::Unwrap<Timer>(info.This());
+
+  assert(timer);
+  assert(property == repeat_symbol);
+
+  Local<Integer> v = Integer::New(timer->watcher_.repeat);
+
+  return scope.Close(v);
+}
+
+void Timer::RepeatSetter(Local<String> property,
+                         Local<Value> value,
+                         const AccessorInfo& info) {
+  HandleScope scope;
+  Timer *timer = ObjectWrap::Unwrap<Timer>(info.This());
+
+  assert(timer);
+  assert(property == repeat_symbol);
+
+  timer->watcher_.repeat = NODE_V8_UNIXTIME(value);
+}
+
+void Timer::OnTimeout(EV_P_ ev_timer *watcher, int revents) {
+  Timer *timer = static_cast<Timer*>(watcher->data);
+
+  assert(revents == EV_TIMEOUT);
+
+  HandleScope scope;
+
+  Local<Value> callback_v = timer->handle_->Get(callback_symbol);
+  if (!callback_v->IsFunction()) {
+    timer->Stop();
+    return;
+  }
+
+  Local<Function> callback = Local<Function>::Cast(callback_v);
+
+  TryCatch try_catch;
+
+  callback->Call(timer->handle_, 0, NULL);
+
+  if (try_catch.HasCaught()) {
+    FatalException(try_catch);
+  }
+
+  if (timer->watcher_.repeat == 0) timer->Unref();
+}
+
+
+Timer::~Timer() {
+  ev_timer_stop(EV_DEFAULT_UC_ &watcher_);
+}
+
+
+Handle<Value> Timer::New(const Arguments& args) {
+  if (!args.IsConstructCall()) {
+    return FromConstructorTemplate(constructor_template, args);
+  }
+
+  HandleScope scope;
+
+  Timer *t = new Timer();
+  t->Wrap(args.Holder());
+
+  return args.This();
+}
+
+Handle<Value> Timer::Start(const Arguments& args) {
+  HandleScope scope;
+  Timer *timer = ObjectWrap::Unwrap<Timer>(args.Holder());
+
+  if (args.Length() != 2)
+    return ThrowException(String::New("Bad arguments"));
+
+  bool was_active = ev_is_active(&timer->watcher_);
+
+  ev_tstamp after = NODE_V8_UNIXTIME(args[0]);
+  ev_tstamp repeat = NODE_V8_UNIXTIME(args[1]);
+  ev_timer_init(&timer->watcher_, Timer::OnTimeout, after, repeat);
+  timer->watcher_.data = timer;
+
+  // Update the event loop time. Need to call this because processing JS can
+  // take non-negligible amounts of time.
+  ev_now_update(EV_DEFAULT_UC);
+
+  ev_timer_start(EV_DEFAULT_UC_ &timer->watcher_);
+
+  if (!was_active) timer->Ref();
+
+  return Undefined();
+}
+
+
+Handle<Value> Timer::Stop(const Arguments& args) {
+  HandleScope scope;
+  Timer *timer = ObjectWrap::Unwrap<Timer>(args.Holder());
+  timer->Stop();
+  return Undefined();
+}
+
+
+void Timer::Stop() {
+  if (watcher_.active) {
+    ev_timer_stop(EV_DEFAULT_UC_ &watcher_);
+    Unref();
+  }
+}
+
+
+Handle<Value> Timer::Again(const Arguments& args) {
+  HandleScope scope;
+  Timer *timer = ObjectWrap::Unwrap<Timer>(args.Holder());
+
+  int was_active = ev_is_active(&timer->watcher_);
+
+  if (args.Length() > 0) {
+    ev_tstamp repeat = NODE_V8_UNIXTIME(args[0]);
+    if (repeat > 0) timer->watcher_.repeat = repeat;
+  }
+
+  ev_timer_again(EV_DEFAULT_UC_ &timer->watcher_);
+
+  // ev_timer_again can start or stop the watcher.
+  // So we need to check what happened and adjust the ref count
+  // appropriately.
+
+  if (ev_is_active(&timer->watcher_)) {
+    if (!was_active) timer->Ref();
+  } else {
+    if (was_active) timer->Unref();
+  }
+
+  return Undefined();
+}
+
+
+}  // namespace node
diff --git a/src/node_timer.h b/src/node_timer.h
new file mode 100644
index 0000000000..8e1c6a5126
--- /dev/null
+++ b/src/node_timer.h
@@ -0,0 +1,64 @@
+// Copyright Joyent, Inc. and other Node contributors.
+//
+// Permission is hereby granted, free of charge, to any person obtaining a
+// copy of this software and associated documentation files (the
+// "Software"), to deal in the Software without restriction, including
+// without limitation the rights to use, copy, modify, merge, publish,
+// distribute, sublicense, and/or sell copies of the Software, and to permit
+// persons to whom the Software is furnished to do so, subject to the
+// following conditions:
+//
+// The above copyright notice and this permission notice shall be included
+// in all copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS
+// OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF
+// MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN
+// NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
+// DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR
+// OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE
+// USE OR OTHER DEALINGS IN THE SOFTWARE.
+
+#ifndef SRC_NODE_TIMER_H_
+#define SRC_NODE_TIMER_H_
+
+#include <node.h>
+#include <node_object_wrap.h>
+#include <v8.h>
+#include <ev.h>
+
+namespace node {
+
+class Timer : ObjectWrap {
+ public:
+  static void Initialize(v8::Handle<v8::Object> target);
+
+ protected:
+  static v8::Persistent<v8::FunctionTemplate> constructor_template;
+
+  Timer() : ObjectWrap() {
+    // dummy timeout values
+    ev_timer_init(&watcher_, OnTimeout, 0., 1.);
+    watcher_.data = this;
+  }
+
+  ~Timer();
+
+  static v8::Handle<v8::Value> New(const v8::Arguments& args);
+  static v8::Handle<v8::Value> Start(const v8::Arguments& args);
+  static v8::Handle<v8::Value> Stop(const v8::Arguments& args);
+  static v8::Handle<v8::Value> Again(const v8::Arguments& args);
+  static v8::Handle<v8::Value> RepeatGetter(v8::Local<v8::String> property,
+                                            const v8::AccessorInfo& info);
+  static void RepeatSetter(v8::Local<v8::String> property,
+                           v8::Local<v8::Value> value,
+                           const v8::AccessorInfo& info);
+
+ private:
+  static void OnTimeout(EV_P_ ev_timer *watcher, int revents);
+  void Stop();
+  ev_timer watcher_;
+};
+
+}  // namespace node
+#endif  // SRC_NODE_TIMER_H_
diff --git a/wscript b/wscript
index 5955b4219a..7fd6315f95 100644
--- a/wscript
+++ b/wscript
@@ -838,6 +838,7 @@ def build(bld):
     node.source += " src/node_io_watcher.cc "
     node.source += " src/node_stdio.cc "
     node.source += " src/node_child_process.cc "
+    node.source += " src/node_timer.cc "
 
   node.source += bld.env["PLATFORM_FILE"]
   if not product_type_is_lib: