ATI Airtest Technologies Inc. (CDNX
Symbol AAT)
Business of the Company - An Overview
ATI AirTest Technologies Inc. designs, manufactures and markets
gas detection equipment for the industrial marketplace. This equipment
includes portable gas monitors, fixed gas monitors that are electrically
connected to central control systems, stand-alone wireless monitors,
and hydrocarbon and toxic gas analytical systems. In addition to
marketing the equipment itself, AirTest also markets a mobile ambient
air monitoring service as well as an aerial leak detection system
for natural gas pipelines. The primary target industries who use
the Company's products are chemical plants, oil and gas manufacturing
and distribution companies, natural gas transmission and distribution
companies, pulp mills, and contractors who build underground parking
facilities. Some of the company's products are sold direct to end-users
by factory sales representatives, while other products are sold
through distributors and wholesalers with AirTest providing sales
and technical support.
With the recent acquisition of Airwave Environmental Technologies
Inc., AirTest has significantly expanded its product base, and has
added a strong R & D resource in the person of Airwave's founder,
Colin Minty who has over fifteen years experience in designing and
developing gas detection equipment. Colin will complement the existing
AirTest technical staff, who themselves offer the Company many years
of experience in the gas detection field.
The market for gas detection equipment in industry is a large diverse
market offering excellent growth opportunities. As new health and
environmental concerns are discovered, new gas detection solutions
are required. Although some of AirTest's products compete in traditional
markets, most have been developed in response to new industry demand
and would be considered to be specialized or niche market products
in gas detection. The Company has the technical depth to continue
to be creative in the development of new products as new gas detection
requirements are identified.
Most of the Company's business activity to date has taken place
in North America and following the Company's Initial Public Offering
on the Vancouver Stock Exchange, the new AirTest marketing initiatives
will continue to focus on this market, as it has been largely untapped
and offers great potential. Many of the AirTest products have application
globally, however, and the long-range plans will include promotion
to the global market once targeted performance is achieved in North
America. For the aggregate package of products currently being produced
by AirTest, the North American market is roughly sixty percent of
the global market.
For further information, please contact:
Georgia West Management Inc.
Phone: (604) 868 1000
Toll Free: (877) 868 1001
Email: geowest@direct.ca
Website: airtest.com
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
|
