AirTest Finalizing Proprietary Rights Agreement for Revolutionary Sensor Technology
The infrared measurement of gases is a well-established technology that has been in widespread use for over 60 years in industrial, medical, scientific and commercial applications. Infrared has generally been considered a superior method of gas measurement, however it has proved to be too costly for many applications. Infrared sensors have also subject to drift which affects reliability and lifetime maintenance costs. AirTest's pending new technology eliminates sensor drift and allows for a low-cost design that can easily be applied to measure a variety of gases. According to
As part of the due diligence process undertaken by Airtest, Oak Ridge National Laboratories (ORNL), based in
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 Oak Ridge National Laboratories (ORNL): (www.ornl.gov) ORNL is a multi-program science and technology laboratory managed for the U.S. Department of Energy by UT-Battelle, LLC. Scientists and engineers at ORNL conduct basic and applied research and development to create scientific knowledge and technological solutions that strengthen the nation's leadership in key areas of science; increase the availability of clean, abundant energy; restore and protect the environment; and contribute to national security.
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.
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