DELTA, BC, May 13 /PRNewswire-FirstCall/ - AirTest
Technologies (TSXV: AAT) is pleased to announce that it has
retained Mr. Paul Kacir as chief
executive officer for its newly formed subsidiary ClairTec, Inc.
ClairTec, an Arizona based
company, will be responsible for providing direction and capital to
develop, produce and market the new sensor technology. Mr. Kacir
has a proven track record with over ten years of experience with
hyper-growth, multi-billion dollar organizations. Mr. Kacir's most
recent position was with First Solar, Inc. as vice president,
general counsel and corporate secretary (NASDAQ: FSLR), a leading
manufacturer of photovoltaic solar panels. Prior to First Solar,
Mr. Kacir was general counsel for Creo Inc., one of British Columbia's largest hi-tech companies.
Mr. Kacir has experience with capitalizing and growing hi-tech
companies and will be leading ClairTec's efforts to commercialize
its zero-drift gas sensor technology.
"We are extremely excited to have attracted a quality executive
manager like Paul Kacir" said
George Graham, CEO of AirTest. "It
is a testament to the opportunity that the new sensor technology
brings."
In November of 2009, AirTest announced an agreement with Airware
Inc. of Santa Barbara, wherby
Airware granted Airtest exclusive worldwide license rights for
their revolutionary zero-drift infrared gas sensor technology.
"I am very excited about the opportunity that we have with the
Airware zero-drift technology" said Paul
Kacir, "I believe the zero-drift technology will provide a
low cost solution that addresses an existing marketplace with a
superior product at a much lower price"
The Airware gas sensor technology, as compared to existing
sensor technology, is more accurate, does not drift which means no
calibration requirement, will last for 10-20 years depending on the
type of gas being sensed, and can be produced at a much lower
cost.
With Mr. Kacir now working with ClairTec, Airtest has finalized
the assignment of the Airware License Agreement to ClairTec. In
consideration for the assignment of the license assignment,
ClairTec has issued 20,000,000 Series A Preferred shares in the
authorized capital of ClairTec to AirTest.
About AirTest: AirTest Technologies is a Green-Tech company
specializing in sensors that improve commercial building operating
efficiency and at the same time create energy savings. These
sensors are all based on technical innovations developed in the
last ten years, and comprise a growing second wave of energy saving
technologies that will 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 ClairTec: ClairTec is a hi-tech company with research and
development facilities in Santa Barbara,
California and corporate offices in Phoenix, Arizona. ClairTec will develop,
manufacture and sell a proprietary breakthrough gas sensor to
original equipment manufacturers who will incorporate our sensor
into their products (such as furnaces, gas heaters, hot water
heaters, HVAC systems, HVAC controllers, smoke detectors, carbon
monoxide sensors).
About Airware: Airware (www.airware-inc.com) is a research and
development company specializing in the application of custom,
non-dispersive infrared gas measurement solutions to a wide variety
of commercial, residential and industrial gas sensing
applications.
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are
"forward looking statements". The Company intends that such
forward-looking statements be subject to the safe harbours created
thereby. Since these statements involve risks and uncertainties and
are subject to change at any time, the Company's actual results may
differ materially from the expected results.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE AirTest Technologies Inc.