January 21, 2021 -- InvestorsHub NewsWire -- via BioResearchAlert -- 

  • Airtest is an ESG company that has been delivering Safety and Energy Cost-Cutting solutions to the Indoor Air Quality market since 1997. The Indoor Air Quality market was already big but is now being turbocharged to $35B annually by the pandemic
  • It is known that adequate ventilation is major factor in controlling the spread of SARS-CoV-2 in indoor settings
  • Airtest has installed thousands of systems throughout North America that also reduce ventilation energy costs up to an impressive 95% while achieving excellent indoor air quality
  • Big energy savings is driving a major shift to Variable Refrigerant Flow Systems for heating and cooling multi-family residences, hotels, schools, hospitality and commercial buildings and is creating a new estimated $27B market for Refrigerant Leak Detectors
  • Airtest is introducing refrigerant leak detectors with many advantages over competing products including low cost, high efficiency, and low maintenance
  • The Company recently raised $500,000 where proceeds will be used to step up marketing and sales
  • With a market cap of only $5.2 million and proven products with major competitive advantages that are in demand in very large markets, BioResearchAlert believes Airtest is firmly positioned to enjoy dramatic sales growth with the potential to increase shareholder value to greater than $1.00 per share in 2021

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 an unnamed major internet retailer (maybe Amazon). 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 expects rapid and sustained industry uptake for Airtest products.

After years of conservative growth and the typical 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 $27B 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
  • 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 existing 55 million spaces is $27.5 Billion
  • If only 5% of total market annually purchases leak detectors, sales are estimated at $1.375 billion
  • There are only 4 competitors offering leak detectors
  • If between all 4 competitors, AAT captures only 10% of total available U.S. market, estimated annual sales could be about $137.5 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.

Reopening Office Buildings


Airtest Technologies announced their TR9277-EO wireless CO2 Temperature and Relative Humidity transmitters are being closely reviewed as a potentially important part of the COVID-19 Phase 3 initiatives for the re-opening of office spaces for major Silicon Valley tech companies. A Systems Integration company, Integrated Building Solutions (IBS), has completed the first installation of the AirTest TR9277 as part of re-commissioning office spaces for re-opening.

Traditionally, measuring CO2 in a building can be used to control the delivery of outside air to ventilate indoor spaces to ensure proper ventilation. This generally results in significant energy savings due to the elimination of overventilation. These sensors can also measure adequate circulation of fresh air in indoor spaces and are commonly required to be installed in conference rooms to measure space conditions. Jon Sargeant of IBS said: "In these times of COVID-19 concern, the sensors are used to ensure that spaces are ventilated at the highest possible level without compromising building comfort or air quality". Sargeant also explained that existing wired CO2 sensors were installed and wired to the BMS system in the building but as they started to recommission the building, they discovered that many were widely out of calibration.

There were a number of reasons that the AirTest TR9277-EO was selected as part of the IBS strategy for reopening buildings.

  • The wireless transmitters require no wires for power or signal and harvest power from the indoor ambient light, eliminating the need to change batteries.
  • The sensors are easily calibrated in outside air prior to installation and self-calibrate themselves once installed.

The EnOcean wireless protocol used in the TR9277-EO communicates on a totally different radio band than the corporate WiFi infrastructure which was considered a big security plus.

During the actual installation, the TR9277-EO transmitters were easily calibrated and addressed in the shop and then quickly placed and connected to the building control system on site. For this project,19 sensors were installed and verified functional in one day by a single technician. According to Sargeant, "This installation process would take at least a week had we utilized wired sensor technology and would have likely made the project economically unfeasible".

According to Graham, "We see great opportunity for the application of our self-powered, wireless self-calibrating CO2 sensors as part of COVID-19 re-opening of businesses. While there is still concern for the virus, CO2 measurements can ensure the building is being well ventilated. Once the threat has passed, the sensors output can be used to save energy using demand-controlled ventilation."

About ATI: AirTest Technologies is a Green-Tech company specializing in systems that improve commercial building operating efficiency and at the same time create energy savings. These systems are all based on technical innovations developed in the last ten years and comprise a growing second wave of energy saving technologies that are positioned to make a significant contribution to the Sustainable Buildings Program. AirTest offers its products to leading-edge building owners, contractors and energy service companies targeting the buildings market. AirTest also provides energy cost reduction solutions to building equipment and controls manufacturers who incorporate AirTest sensor components in their products.

About IBS: Integrated Building Solutions is a Master Systems Integrator that has been providing integration services and solutions using its' IBIS software platform for over 20 years in over 24 million square feet of various types of facilities.


With a very small current market cap of $5.2 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 $27B VRF Leak Detector market, ATI Airtest is uniquely positioned to enjoy greater than expected sales growth that could 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: BioResearchAlert 


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