AirTest Signs LOI With Potential Manufacturing Partner For New Sensor Technology

Mar 08, 2011, 09:30 ET from AirTest Technologies Inc.

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.