AIRTEST POSITIONS FOR STRONG GROWTH WITH NEW HIGH-POWERED CAPITAL-RAISING CEO AND 32 YEAR MARKET COMMUNICATIONS FIRM

  • Airtest is an ESG company that has been delivering thousands of Air Quality safety and energy saving solutions to the Indoor Air Quality market that is being turbocharged to $35B by the pandemic
  • Airtest Indoor Air Quality systems can also dramatically reduce ventilation energy costs while achieving excellent indoor air quality
  • Big heating and cooling energy savings is driving a new and major shift to Variable Refrigerant Flow Systems for multi-family residences, hotels, schools, hospitality and commercial buildings and is creating a new estimated $8B market for Refrigerant Leak Detectors
  • Airtest products have substantial advantages over competitors including lower cost, lower maintenance, higher quality, and longer product lives

 

  • Ted Konyi, Airtest new CEO has successfully raised over $300 million and is joining Airtest to bring in the capital necessary to exploit this enormous sales opportunity

 

  • The Howard Group was just engaged in order to raise investor awareness of this large opportunity and effort underway

 

  • Airtest trades on the TSE.V (AAT) and OTC (AATGF) and has a small market cap of $10 million

 

March 9, 2021 -- InvestorsHub NewsWire -- via BioResearch Alert -- Airtest (OTC: AATGF) (TSXV: AAT) is a leading provider of Indoor Air Quality monitoring and detection systems that improve air quality while saving users large energy costs. The long-term electric energy savings provided by Airtest products can be several times the cost of their systems and typical rebates offered by almost every electric utility provider can bring the cost down by up to 50%. Airtest recently announced its energy saving parking garage control systems will be installed in 7 large garage projects across America for a major internet retailer. Airtest systems are being installed in distribution centers and the garages used for delivery vehicles. The retailer has now standardized AirTest for all future projects. BioResearchAlert projects rapid and sustained industry uptake for Airtest products.

After years of conservative growth and the slowdown in 2020 from Covid-19, the company expects demand for its products is about to accelerate for two reasons: First the need to protect residents, students, and patrons from SARS-CoV-2 and the smoke from wildfires, and second, the need to reduce the high costs of energy for ventilation, heating, and cooling in millions of buildings and parking garages in North America and globally.

George Graham, President of the Company, commented, "You can't manage what you don't measure" (a mantra that has great application in relation to COVID-19). Elevating the outside air ventilation levels going to indoor spaces is crucial in limiting this airborne virus. Measurement of CO2 levels can indicate the amount of fresh air delivery to a space like a store, classroom or office. CO2 can be used to assess ventilation levels in occupied spaces because people are the source of exhaled CO2, and the actual level measured can be indicative of how much fresh air is entering the space to dilute the CO2 levels and other contaminants including the COVID-19 airborne virus. By measuring CO2 levels, elevated levels of ventilation to enhance COVID-19 safety protocols can be properly verified and continuously monitored. Airtest manufactures a wide range of CO2 sensors that provide real time measurement of CO2 allowing building managers to properly provide adequate ventilation."

Graham continuing, "We have had RFP's for a large number of CO2 sensors to provide measurement in school classrooms. Airtest has successfully installed CO2 sensors over the last number of years in hundreds of school systems in north America including Bellevue and Seattle WA, Coquitlam and Burnaby BC, as well as Garland and Dallas TX. The application of CO2 sensors in classrooms allows the facilities managers in school systems to monitor CO2 levels in real time, and the system provides the tools to properly monitor and manage the ventilation systems, ensuring adequate ventilation at all times. When COVID-19 concerns have passed, the CO2 sensors can be used to save energy by modulating outside air ventilation based on actual occupancy in the space. This will ensure that target code required ventilation rates for good air quality are maintained. The Company has also seen new orders come from other OEM customers as businesses start to reopen. After the anticipated lull in sales activity during the 2nd Quarter, sales have picked up briskly in the 3rd Quarter."

New $8B VRF Leak Detector Market

Variable Refrigerant Flow Systems are becoming a popular method for heating and cooling of large buildings with multiple rooms including multi-family residences, hotels, schools, hospitality and commercial buildings. Rather than circulating hot and cold water through coils in each space, these systems circulate refrigerant around the building to feed fan coils to provide heating or cooling as required by an individual space. This type of system has become popular because energy costs can be reduced by 55% or more and because it can provide heating or cooling to different spaces simultaneously. Another attraction of this approach is that these systems can earn "Green Building" points from programs such as LEED (Leadership in Energy & Design) and Green Globes.

Market Assumptions for VRF Leak Detectors

  • There are an estimated 55 million building spaces just in the united states
  • If 30% of the 55 million buildings is dedicated to multi-family residences, hotels, schools, hospitality and commercial buildings, at $500 for a single detector unit, the market would be over $8 billion
  • At an estimated 1% of the total being built each year as new construction, there are about 550,000 under new construction per year
  • Each space requires at least one leak detector
  • At average price of $500, the annual U.S. market for leak detectors for new construction is $275 million
  • At average price of $500, the total U.S. market for Variable Refrigerant Leak Detectors would be over $8 billion.
  • There are only 4 competitors offering leak detectors
  • If between all 4 competitors, AAT captures only 5% of total available U.S. market, estimated annual sales could be close to $400 million

 

Indoor Air Quality Market

A recent report from Credit Suisse indicates that the United States market for Indoor Air Quality has exploded to over $35 billion due to the Coronavirus and the record-breaking wildfires in the Western United States.

School Classrooms

AirTest received new orders from existing OEM (Original Equipment Manufacturers). The Company has also had RFP's (Requests for Proposals) from a number of OEM customers for carbon dioxide (CO2) sensors in school classrooms to verify ventilation requirements of COVID-19 protocols.

New powerhouse CEO, Ted Konyi, Tasked with Bringing in Additional Capital to Capture Bigger Percentage of Large Markets

ATI Airtest Technologies Inc. is adding to its management staff with the appointment of Ted Konyi as chief executive officer and director. Mr. Graham will remain as the president and chairman of the company.

Mr. Graham commented: "We've known and worked with Ted since 2008, including most recently as a financial consultant to the company since early last year. Ted brings decades of financing expertise to ATI Airtest and has a solid grasp of the opportunities in front of the company. The timing fits perfectly with the growing concern around climate change and the role that energy efficiency can play to reduce greenhouse gases. With our company having developed wireless, indoor air-quality sensors, heightened awareness around ventilation due to COVID is providing additional momentum for the company's suite of sensors. Ted's addition will provide some of the public company financing depth needed to take advantage of the growth opportunity presented by the green movement."

Mr. Konyi said: "I am very excited to be joining the Airtest team as CEO. I've been an evangelist for energy efficiency since 2004. Efficiency is the best alternative energy resource. Using less is a great step to take towards reducing your carbon footprint. With AirTest's cutting edge IoT sensors, businesses can better manage their energy use through the data that is provided. AirTest has demonstrated time and time again that their sensor deployments lead to significant reductions in energy use, improving operating expenses while reducing GHGs -- truly a win-win outcome. I look forward to assisting the company with its growth plans."

About Mr. Konyi

Mr. Konyi is a serial entrepreneur in the financial sector. Having co-founded two financial-planning companies and broker dealer, he went on to form and operate 17 successful oil and gas income limited partnerships. Through his operating company, Maxwell Mercantile Inc., Mr. Konyi has raised in excess of $300-million for both private and public companies. In 2004, Mr. Konyi founded Smartcool Systems Inc., a software-based energy efficiency company, of which he is currently CEO and chairman. Mr. Konyi's focus will be to improve the awareness of the company in the financial community and develop strategic financing opportunities. This will enable ATI Airtest to aggressively pursue its continuing priority of creating Energy Efficiency in commercial buildings.

32 Year Veteran 'The Howard Group' Engaged to Increase Investor Awareness of New Investment Opportunity

Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, financing assistance, business development solutions and strategic planning to public companies. The Howard Group will be providing a continuing commentary on ATI Airtest's activities through its Insight blog and established media channels. Interested parties are encouraged to subscribe to the commentary feed.

ESG Companies Are in the Spotlight

Environmental, Social and Corporate Governance companies are a large and fast-growing investment choice for sustainable investments leading to greater social responsibility. Following is a list of ESG companies and Covid-19 plays:

EW, EQIX, POD, EME, CDNS, NRC, NED, MSFT, HAS, OC, HD, MLHR, ORA, TXN, BFAM, CRM, AMAT, TSLA, KEYS, WST, DECK, IDXX, CPB, CBRE, PWR, ES, PG, RMD, A, AXTA, GOOG, MKC, VRTX, TNDM, KSU, SRE, GIS, AMGN, TNET, GWW, TROW, ADBE, BWXT, MMC, PEAK, ACM, PEP, INTU, CMI, WAT, MEI, AMPE, GAXY, INO, SRNE, MRNA, HTBX, IBIO, VXRT, VBIV, ONTX, TNXP, CODX, NVAX, VIR, APT

Conclusion

With an undervalued current market cap of only $10 million combined with strong presence as a leader in air quality monitoring in an explosive $35 billion Indoor Air Quality market, and now a new $8B VRF Leak Detector market, Airtest is uniquely positioned to enjoy greater than expected sales growth that is likely to result in sharply increased share prices over the near term and long term with potential for trading over $1.00 per share in 2021.

 SOURCE: BioResearch Alert

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