DELTA, BC,
March 22 /PRNewswire-FirstCall/ -
AirTest Technologies (TSXV: AAT) announce today the signing of a
major distribution partner agreement with Omni Marketing Group -
Asia (OMG Asia) to sell AirTest's
innovative energy saving products and systems in select Southeast
Asian markets.
Terms of the agreement call for Tegma Asia Pte
Ltd., a wholly owned subsidiary of OMG Asia specializing in
clean-tech and energy efficient technology, to generate
$3 million to $5 million in sales
over the next three years. Tegma will focus on selling AirTest
products that significantly reduce the carbon footprint of
commercial and residential buildings, including carbon dioxide
(CO2) and carbon monoxide (CO) sensor technologies.
OMG is the largest, integrated retail marketing
service company in Asia. The agreement calls for Tegma's
efforts to be rolled out in two phases within the next three
years. Initial efforts will target sales in
Singapore, Thailand and the Philippines. By 2012,
sales efforts will expand to Malaysia, Indonesia, Vietnam, Cambodia, Myanmar, Guam
and Saipan.
"OMG maintains close working relationships with
major retailers and building owners throughout the Southeast Asia
Region. This agreement provides us with a strong distribution
partner that can achieve significant penetration of new energy
retrofit markets, where we can deliver and verify significant
energy savings to building owners," said AirTest President
George Graham. "This includes sales
of our parking garage, CO2 demand control ventilation
and humidity control products."
According to Bob Mebreur, CEO Of OMG Asia, "Rising
energy prices and environmental concerns have created significant
demand for technologies that can cost effectively reduce energy
consumption and environmental impact in commercial buildings in the
Asia Pacific market.
AirTest's product portfolio and proven track record of delivering
verifiable savings, is in very high demand by our customers. The
time is right for AirTest in Asia."
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 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 OMG Asia
OMG Asia (www.omg-asia.com) is the largest integrated retail
marketing service company in Asia. Over the years, it has
built an extensive retail network with the top retailers throughout
the Asia-Pacific, including China, Hong Kong, Indonesia, Malaysia,
Philippines, Singapore, Taiwan, Thailand and Vietnam. An estimated
total of 36 million consumers pass through the doors of OMG's
retail network annually. OMG Asia is also the parent company
of Tegma Asia Pte Limited (tegma-asia.com) that focuses on offering
energy saving solutions to commercial buildings. The company
offers energy saving systems that fully validate energy performance
and shared savings programs that can be used to pay for system
installation based on delivered energy savings. |
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.
