Mr. Ted Konyi reports

ATI AIRTEST ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to ATI Airtest Technologies Inc.'s news release dated Jan. 15, 2023, the TSX Venture Exchange has approved the consolidation of its issued and outstanding common shares on the basis of one new share for every five currently outstanding shares. The consolidation will become effective at the opening of the market on Feb. 1, 2024. The company's symbol shall remain as AAT.

Currently, a total of 222,672,582 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective and subject to adjustments for rounding, a total of 44,534,544 shares will be issued and outstanding. There is no maximum number of authorized shares. No fractional postconsolidated shares will be issued as a result of the consolidation. Shareholders who would otherwise be entitled to receive a fraction of a postconsolidated share will be rounded up to the nearest whole number of postconsolidated shares and no cash consideration will be paid in respect of fractional shares. The exercise price and number of shares, issuable upon the exercise of outstanding options and warrants, will be proportionally adjusted upon the implementation of the proposed consolidation in accordance with the terms thereof.

Computershare Investor Services Inc. will mail letters of transmittal to the shareholders providing instructions on exchanging preconsolidation share certificates for postconsolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

About ATI Airtest Technologies Inc.

ATI Airtest is a green-tech Internet of things company with proprietary sensor technologies that drive proven energy savings while simultaneously improving air control and quality in commercial and government structures. Over the past decade, Airtest has installed thousands of wired systems in major chains such as Canadian Tire, Walmart, Shoppers Drug Mart and enclosed parkades. The company is now launching a new line of wireless technologies with improved capabilities and dynamics, which will reduce carbon emissions, increase air quality in a COVID-19 environment, and provide attractive energy and cost savings.