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ATI Airtest Technologies Inc (2)
Symbol AAT
Shares Issued 142,572,582
Close 2022-05-06 C$ 0.055
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ATI Airtest hires Alectric as Ontario agent

2022-05-24 17:36 ET - News Release

Mr. Ted Konyi reports

AIRTEST SIGNS AGENCY AGREEMENT WITH ALECTRIC RENEWABLES

Airtest Technologies Inc. has entered into an agency agreement with Alectric Renewables of Ontario, Canada. Under the terms of the agreement, Alectric will act as the company's non-exclusive agent primarily in the Ontario market.

Chief executive officer Ted Konyi added: "I've known the people at Alectric now for a number of years through a similar relationship at Smartcool Systems Inc. They have made several successful introductions for Smartcool and are excited to bring some of their solar clients to Airtest as well. Several projects are in the works and this agreement now formalizes the relationship between the companies. I'm looking forward to further enhancing the existing relationship as we bring new opportunities to successful conclusions."

Alan Morrissey, president of Alectric, noted: "There's a tremendous opportunity right now for energy efficiency technologies generally and even more so in Ontario. Save On Energy, an Ontario government agency that provides subsidies for energy efficiency projects and provincial gas utilities, can jointly provide up to 70 per cent of the cost of installing Airtest's wireless demand control ventilation solutions. This makes the financial decision a no-brainer, resulting in sub-one-year paybacks. A number of our solar clients have expressed interest in deploying Airtest Technologies and we should be very successful in generating additional sales for the company."

About ATI Airtest Technologies Inc.

Airtest Technologies is a green technology company specializing in demand control ventilation systems that improve commercial building operating efficiency and generate proven energy savings. The company has developed new wireless sensors with dynamic real-time communication and control technologies, which builds upon 10 years of experience and thousands of installations amongst clients such as Lowe's, Shoppers Drug Mart and Ikea. Airtest solutions provide data on levels of indoor air quality required by schools, retail stores and offices.

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