DELTA, BC, March 8 /PRNewswire/ - AirTest Technologies
(TSXV: AAT) is pleased to announce its that it has executed a
Letter of Intent (LOI) with Jaquet Technology Group (Jaquet) based
in Basel Switzerland regarding
AirTest's patent pending zero drift, infrared gas sensor
technology. AirTest has been in discussions with Jaquet about
manufacturing certain products that would target large volume
industrial and commercial applications. As part of the LOI,
Jaquet will perform engineering review of the product to assess
technical issues related to manufacturing the product and steps
necessary to move forward with a manufacturing agreement.
Jaquet is a global engineering and manufacturing company with a
strong foundation in manufacturing durable, high quality sensors
that are used in automotive, marine, power generation and a variety
of other applications. According to Chad Renbarger, VP of Business Development for
Jaquet in North America, "We are
very excited about the prospect of working with AirTest to bring
their breakthrough, zero drift gas sensing technology to
market. We feel we can offer unique talents in helping
AirTest achieve the cost and quality requirements demanded by their
target markets."
According to George Graham
President of AirTest "We see opportunities for AirTest's
zero drift technology in a variety of applications. This
agreement with Jaquet represents a first step in developing and
manufacturing products for high value application in industrial and
commercial gas measurement."
About AirTest: AirTest Technologies
(www.airtest.com) 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 Jaquet Technology Group : Jaquet Technology Group
(www.jaquet.com) is a global engineering and manufacturing company,
specialized in providing speed sensors and complete system
solutions in demanding ambient conditions. Jaquet's primary markets
are automotive, power generation, railway, marine, mobile
hydraulics and industrial machinery. JAQUET is headquartered in
Basel, Switzerland and has
subsidiaries in Belgium,
China, Germany, the
Netherlands, United
Kingdom, and the United
States, along with a worldwide distributor and end-user
service network. JAQUET TECHNOLOGY GROUP is ISO 9001, TS 16949 and
EN / AS / JISQ 9100 certified.
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.