- Proceeds of $1,191,232 will be used for inventory, research & development and general working capital
- Heightened awareness and government guidelines for indoor air quality has created opportunities for the company
- AirTest is in discussions with several multilocation retailers
- AirTest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States
- Airtest Technologies Inc. (AAT) is up 8.70 per cent, trading at C$0.125 per share at 9:30 am ET
ATI AirTest Technologies (AAT) is pleased to report that the financing announced March 2, 2021, has now been oversubscribed.
Subject to TSX conditional approval, proceeds of $1,191,232 will be used for inventory, research & development and general working capital.
The company is now prepared to capitalize on the increased activity for its products due to heightened awareness and government guidelines for indoor air quality.
AirTest CEO Ted Konyi said,
“The world of HVAC has changed and the attention to indoor air quality has never been more prominent. This has created completely new markets for the company’s solutions. With the additional financial resources provided through this financing, the company plans on increasing its sales and marketing staff in order to capture the demand that has been created.
Already, the company is in discussions with several multilocation retailers about deploying pilot projects to confirm both efficacy and economic benefit.
Additionally, the school and municipal markets are beginning to adhere to new government guidelines requiring the measurement of indoor air quality. Prospects for the company have never been stronger, and we fully intend on capturing a large part of this new and burgeoning market for our solutions.”
ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States.
ATI Airtest Technologies Inc. (AAT) is up 8.70 per cent, trading at C$0.125 per share at 9:30 am ET.