Delta, British Columbia--(Newsfile Corp. - February 21, 2023) - ATI AirTest Technologies Inc. (TSXV: AAT) (OTC Pink: AATGF) ("AirTest" or the "Company") CEO Ted Konyi is pleased to announce that the Company has provided its proprietary IAQEye™ wireless CO2 sensor solution to Alternative Energy Systems Consulting, Inc. (AESC) to evaluate. The purpose of the evaluation is to study the performance characteristics, cost savings, and energy savings potential of IAQEye™, with the goal of validating the product's ability to garner incentives or rebates through California's Investor Owned Utility programs.
Ted Konyi commented, "I have worked previously with Antonio Corradini, CEO of AESC, in respect of SmartCool technology and am very excited about having AESC review the IAQEye™. The wireless communication provided by the new product can virtually eliminate the need for substantial labor and wiring costs generally associated with implementing Demand Control Ventilation (DCV). To date, retrofitting DCV in existing buildings has required a wired link between the CO2 sensor for communicating the CO2 levels in offices, retail stores, cinemas, and other occupied spaces, to the ventilation equipment on the rooftop. This has made the deployment of DCV not financially viable for many building owners. As such, the application of DCV has been limited, leaving a large unserved market. The reduction of costs associated with installing our IAQEye™ will significantly increase the ROI making the installation far more compelling financially. In addition, retrofitting the AirTest solution will be non-invasive. Most importantly, with the help of AESC, AirTest may be able to offer prospective clients rebates and subsidies from Government and Utility programs geared to improve energy efficiency in buildings."
Antonio Corradini said, "AESC is always on the lookout for new innovative technologies to assist in reducing energy consumption and providing a path to Net Zero. We work closely with all California's Investor Owned Utilities to evaluate and validate emerging technologies, such as those developed by AirTest. Preliminary data from AirTest indicates that with utility incentives, the AirTest DCV offering may provide a payback in under 1 year. We are excited to be assisting AirTest with this project and look forward to the evaluation results."
About AESC: Founded in 1994, Alternative Energy Systems Consulting, Inc. (AESC) is an energy engineering and consulting firm that delivers solutions in energy efficiency, renewable energy, and software for utilities, governments, and the private sector (https://www.aesc-inc.com/). AESC has decades of experience in evaluating emerging technologies for California IOUs, and is a member of the CA statewide emerging technology evaluation team through CalNEXT (https://calnext.com/). In addition, AESC's 60+person team includes experts in energy efficiency engineering, water and wastewater system optimization, distributed energy resources (DERs), measurement and verification (M&V), tool/software development, codes and standards, and demand response.
About AirTest: AirTest Technologies is a Green-Tech company specializing in Demand Control Ventilation systems that improve commercial building operating efficiency and generate proven energy savings. The company has developed new wireless sensors with dynamic real-time communication and control technologies, which builds upon ten years of experience and thousands of installations amongst clients such as Lowe's, Shoppers Drug Mart and Ikea. Airtest solutions provide data on levels of Indoor Air Quality required by Schools, Retail Stores and Offices.
For further information, please contact:
Mr. Ted Konyi, CEO
Phone: (604) 225 2209
Fax: (604) 517 3900
Email: ted.konyi@airtest.com
Website: www.airtest.com
Legal Notice Regarding Forward-Looking Statements
This news release contains "forward looking statements". Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as "expect", "anticipate", "intend", "plan", "believe", "estimate" and words of similar meaning. Forward-looking statements are based on management's current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the Company's belief in the energy savings that can be achieved through installation of the Company's products and that these installations lead to reduced maintenance, downtime expenses, future cost savings, and improvements in the bottom line. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward-looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company's website, www.airtest.com.
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