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AirTest Technologies (TSXV:AAT) Closed Approximately 80% of its non-brokered Private Placement

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The company is looking to raise a balance of approximately $100,000 in gross proceeds from the placement of approximately 2 million units priced at $0.05 per unit. The units consist of 1 share and 1 warrant, with the warrant exercisable at $0.08 for 24 months, subject to an acceleration clause.

Additional Information:

Company: AirTest Technologies
Website: http://www.airtest.com
Stock Symbol: TSXV: AAT
Date Published: Nov 10, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

AirTest Technologies, a manufacturer and distributor of air monitoring technologies, has closed approximately 80% of its non-brokered private placement.

The company is looking to raise a balance of approximately $100,000 in gross proceeds from the placement of approximately 2 million units priced at $0.05 per unit.

The units consist of 1 share and 1 warrant, with the warrant exercisable at $0.08 for 24 months, subject to an acceleration clause.

The shares are currently trading at $0.06.

AirTest Technologies 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 based on technical innovations developed in the last ten years and comprise a growing second wave of energy saving technologies that are positioned to make a significant contribution to the Sustainable Buildings Program.

AirTest provides energy cost reduction solutions to building equipment and controls manufacturers who incorporate AirTest sensor components in their products.

AirTest's product portfolio includes over 300 sensor products that can be configured to work with any monitoring or building control system.

Major product categories include: Ventilation Control In Buildings, Humidity and Moisture Control, Parking Ventilation Control, Air Velocity Measurement, Refrigerant Gas Leak Detection, and a broad range of gas sensors for health, leading to productive commercial, work, and shopping spaces.

The company recently re-introduced the PM2200 Personal CO2 monitor that can easily be used to monitor CO2 levels in indoor spaces.

CO2 is considered a good indicator of fresh air ventilation, important in minimizing the transmission of COVID-19 Virus.

The PM2200 is powered from a wall socket and can be placed on any level surface like a desktop or countertop.

George Graham, President and CEO, stated: “We see all kinds of uses for this product ranging from a teaching tool in school classrooms to a way for all individuals to check on ventilation levels wherever they work or visit or as an easy way for professional contractors or building owners to quickly assess fresh air ventilation levels around a building.”

For more information, please visit the company’s website at www.airtest.com, contact George Graham, President and CEO, at 604-517-3888 or by email at GGraham@airtest.com.

I’m Megan Edwards for Investmentpitch Media