DELTA, BC, May 13 /CNW/ - AirTest Technologies (TSXV: AAT) is pleased to announce that it has retained Mr. Paul Kacir as chief executive officer for its newly formed subsidiary ClairTec, Inc. ClairTec, an Arizona based company, will be responsible for providing direction and capital to develop, produce and market the new sensor technology. Mr. Kacir has a proven track record with over ten years of experience with hyper-growth, multi-billion dollar organizations. Mr. Kacir's most recent position was with First Solar, Inc. as vice president, general counsel and corporate secretary (NASDAQ: FSLR), a leading manufacturer of photovoltaic solar panels. Prior to First Solar, Mr. Kacir was general counsel for Creo Inc., one of British Columbia's largest hi-tech companies. Mr. Kacir has experience with capitalizing and growing hi-tech companies and will be leading ClairTec's efforts to commercialize its zero-drift gas sensor technology.
"We are extremely excited to have attracted a quality executive manager like Paul Kacir" said George Graham, CEO of AirTest. "It is a testament to the opportunity that the new sensor technology brings."
In November of 2009, AirTest announced an agreement with Airware Inc. of Santa Barbara, wherby Airware granted Airtest exclusive worldwide license rights for their revolutionary zero-drift infrared gas sensor technology.
"I am very excited about the opportunity that we have with the Airware zero-drift technology" said Paul Kacir, "I believe the zero-drift technology will provide a low cost solution that addresses an existing marketplace with a superior product at a much lower price"
The Airware gas sensor technology, as compared to existing sensor technology, is more accurate, does not drift which means no calibration requirement, will last for 10-20 years depending on the type of gas being sensed, and can be produced at a much lower cost.
With Mr. Kacir now working with ClairTec, Airtest has finalized the assignment of the Airware License Agreement to ClairTec. In consideration for the assignment of the license assignment, ClairTec has issued 20,000,000 Series A Preferred shares in the authorized capital of ClairTec to AirTest.
About AirTest: 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 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 Sustainable Buildings Program. 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.
About ClairTec: ClairTec is a hi-tech company with research and development facilities in Santa Barbara, California and corporate offices in Phoenix, Arizona. ClairTec will develop, manufacture and sell a proprietary breakthrough gas sensor to original equipment manufacturers who will incorporate our sensor into their products (such as furnaces, gas heaters, hot water heaters, HVAC systems, HVAC controllers, smoke detectors, carbon monoxide sensors).
About Airware: Airware (www.airware-inc.com) is a research and development company specializing in the application of custom, non-dispersive infrared gas measurement solutions to a wide variety of commercial, residential and industrial gas sensing applications.
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.
SOURCE AIRTEST TECHNOLOGIES INC.
For further information: For further information: Mr. George Graham, President, Phone: (604) 517-3888, Fax: (604) 517-3900, Email: email@example.com, Website: www.airtesttechnologies.com