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
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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
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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