March 21, 2000
ATI Airtest Technologies Inc. (CDNX Symbol AAT)
AirTest Enters New Era in Laser Technology
Mr. George Graham the president of ATI Airtest Technologies Inc.
is pleased to announce the signing of a Conditional Purchase Agreement
with Homburg Industries N.V. of the Netherlands, to acquire the
shares of OptiGas Limited based in Horsham, England. The agreement
was signed subject to a number of conditions, Including regulatory
approval and that Airtest can raise adequate funding by April 30,
2000 without affecting the company's working capital.
Optigas has developed a type of Multiple Gas Analyzer (GasCam)
that operates in a portable remote and passive mode. This technology
is proprietary, has a very large addressable global market, and
there is to the best of the Company's knowledge, no known technology
that has similar capabilities to the GasCam. The product will complement
the FTIR analyzer and will also enhance Airtest's aerial surveillance
The GasCam has undergone a number of preliminary tests, however
more field testing and controlled condition testing will be required
to determine the final specifications prior to going into commercial
OptiGas has received strong support from the BP Amoco Group in
the U.K. and several joint field tests will be carried out on BP
sites, with the first of these to commence in the last week of March
For further information, please contact:
Georgia West Management Inc.
Phone: (604) 868 1000
Toll Free: (877) 868 1001
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.