Environmental Services — September 8, 2010
AIRTEST RECALLS ASSIGNMENT OF THE AIRWARE LICENSE AGREEMENT FROM CLAIRTEC
DELTA, BC, Sept. 8 /CNW/ - ("AirTest", TSXV: AAT) On May 13, 2010, AirTest announced it was assigning the Airware License Agreement to ClairTec Inc., a US subsidiary formed by AirTest for the purpose of financing and commercializing the new technology. After exploring numerous financing options in the United States, it was determined by AirTest's Management that the best approach to financing this opportunity without further compromising AirTest's position in ClairTec Inc., would be to execute the financing through AirTest and not through the US company. To that end, AirTest has regained 100% control over the Airware License and is pursuing its new financial plan.
"Over the first half of this year, our existing business has increased significantly, bringing us to a position of consistently positive operating results" said George Graham, CEO "this improved financial position will allow us to pursue a less dilutive approach to financing the Airware technology opportunity".
With the company taking this new direction, Mr. Paul Kacir has tendered his resignation from ClairTec Inc. and is pursuing other interests.
About AirTest: AirTest Technologies (www.airtest.com) is a Green-Tech company specializing in sensors that improve commercial building operating efficiency and at the same time create energy savings. These sensors are all based on technical innovations developed in the last ten years, and comprise a growing second wave of energy saving technologies that will make a significant contribution to the enabling better control of buildings to ensure energy savings and sustainability. AirTest offers its products to leading-edge building owners, contractors and energy service companies targeting the buildings market. AirTest also provides energy cost reduction solutions to building equipment and controls manufacturers who incorporate AirTest sensor components in their products.
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
%SEDAR: 00012286E
Latest Industry Press Releases
Updated 13:57 CST, February 11, 2012 
Construction/Building
Goodfellow Reports its Results for the First Quarter Ended November 30, 2011 (2012-02-10)
NorRock Realty Finance Corporation Update for Holders of Class A Shares (2012-02-10)
CORRECTION FROM SOURCE: Superior Plus 2011 Fourth Quarter and Year-End Results Conference Call-In Number (2012-02-09)
Media Advisory: Governments of Canada and Manitoba Celebrate 52 New Affordable Housing Units for Seniors in Steinbach (2012-02-09)
Superior Plus Announces February 2012 Cash Dividend and Upcoming Events (2012-02-09)
GTA REALTORS(R) Introduce MLS(R) Home Price Index (2012-02-06)
| MOST POPULAR STORIES |
- Steel hurdles for Aga Khan Museum build
- Benson Steel faces transport challenge on Toronto Yorkdale Mall construction project
- Toronto Construction Association presents ‘Best of the Best’ awards
- Bidding closes for Toronto 2015 Pan Am games venues
- Steel key for CF-5 fighter jet monument at Toronto defence facility
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 288 projects with a total value of $2,181,603,356 that Reed Construction Data Building Reports reported on Friday.
STADIUM, BERMS, PARKING GARAGE, SITE WORKS
$129,300,000 Ottawa ON Tenders
$107,557,000 Burlington ON Tenders
CONDOMINIUM APARTMENT BUILDING
$31,300,000 Toronto ON Prebid
| CURRENT STORIES |
- Steel truss system helps reduce construction cost of Toronto apartment building
- Ontario College of Trades will drive up infrastructure costs: Conservative leader Tim Hudak
- Procurement needs to be fair, open and transparent
- Losing bidder bridles at Pan Am Games park selection, Equine Canada “thrilled”
- Armstrong extended at Ontario College of Trades
- CVTech secures Hydro Quebec construction, maintenance work
- Toronto council votes in favour of light rail transit
- Ottawa City Council approves affordable housing capital projects
- Pre-cast concrete segment falls into river after gantry crane collapses
- Alberta throne speech hints at development plan
- Union claims construction oversight needed at defence department
- Site prep in North Vancouver
- Legislation limiting strikes ruled unconstitutional
- World Plumbing Day garners support from Canadian senator
- PHOTO GALLERY: Merit Alberta open house
- Seeing the sustainable forest for the trees
- Pump Station Upgrades
- Labour federation opposes pipeline
- Site for new correctional facility selected
- Edmonton roofer dies
- Regulators approve oilsands facility expansion
- Highway 3 upgrades
- New chairman named for Alberta Construction Association
