February 15, 2002
ATI Airtest Technologies Inc. (CDNX Symbol AAT)
Airtest Corporate Update
Vancouver: Mr. George Graham the President of ATI Airtest Technologies
is pleased to provide shareholders with a product and application
update.
Management became aware of a market niche late last year, which
concentrated on the installation of Carbon Monoxide Sensors to activate
exhaust fans in parking garages. Many buildings, especially in the
United States were running the fans continuously, or on timers,
and energy costs were substantial. Recently, Engineering firms have
been specifying sensors for demand-controlled carbon monoxide ventilation
and the cost savings are anticipated to pay for the installation
over a short period of time.
ATI Airtest Technologies Inc., has developed a software program
which calculates this pay back period, and has utilized this tool
in conjunction with its TR2000 CO Sensors, to successfully bid on
a large underground parking garage installation on the Campus of
the University of California in Los Angeles, (UCLA). Completion
of the project is expected in the fall of this year, and management
anticipates additional contracts in the near future, based on this
concept.
This press release contains forward-looking statements that involve
a number of risks and uncertainties. Important factors that may
cause actual results to differ greatly from those forward statements
include: market conditions, market demand for the products, present
company finances and future requirements and various government
and regulatory agency requirements. Additionally, forward looking
statements contained in this release may also be affected by competitive
products and pricing and the risks associated with product development,
marketing, and management of growth and limits on the company's
operating experience
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. |