AirTest Subsidiary Clairtec Inc. to Focus on Airware(TM) Breakthrough Technology
AirTest will assign the License Agreement with Airware to Clairtec. Initially, AirTest will be the sole shareholder of Clairtec with 20 million shares being issued to AirTest. Clairtec is in the process of confirming its initial financing which will include the necessary capital to reimburse AirTest for all expenses to date related to the maintenance of the License Agreement and support of the new technology product development.
Many markets for Clairtec’s new sensor technology have been identified, and discussions with potential customers have progressed to the point where three companies have committed to work with Clairtec as they develop products for these companies’ specific application. Known applications based on experience to date indicate a potential global market for Clairtec sensors including formaldehyde, carbon dioxide, dew point, hydrocarbons, refrigerants, carbon monoxide, nitrogen dioxide and other greenhouse gases to be an estimated
The AirWare(TM) technology represents a breakthrough in the ability to cost-effectively measure a variety of gases using a maintenance free sensor design that has a long life (7-15 years), does not require calibration, and is immune to temperature variation. In a review of this technology by Oak Ridge National Laboratories, a major US government research facility, it was concluded, “this technology addresses the central weakness in NDIR (non dispersive infrared) sensors – calibration stability.” According to
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 enabling better control of buildings to ensure energy savings and sustainability. 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 Airware Inc: Airware Inc. (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 expecations 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.
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SOURCE AirTest Technologies Inc.