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ATI Airtest Technologies Inc. - $AATGF STOCK NEWS

Welcome to our dedicated page for ATI Airtest Technologies news (Ticker: $AATGF), a resource for investors and traders seeking the latest updates and insights on ATI Airtest Technologies stock.

ATI AirTest Technologies Inc. (TSXV: AAT, OTC Pink: AATGF) is a leading Green-Tech company specializing in Demand Control Ventilation (DCV) systems. These systems enhance commercial building operating efficiency by providing real-time data on indoor air quality, leading to significant energy savings. The company's innovative wireless sensors with dynamic communication and control technologies have been honed over ten years, with installations in notable clients such as Lowe's, Shoppers Drug Mart, and Ikea.

In 2022, AirTest generated $2.39 million in revenue, marking a 13% increase from the previous year. This growth was coupled with a reduction in operating expenses by 18%, resulting in an operating loss reduction of 93%. CEO Ted Konyi attributes this positive trend to new product lines and cost-cutting measures, which are expected to propel the company to profitability in 2023. The company's focus on energy-efficient HVAC solutions has met with increased demand, positioning it for substantial growth.

Recent achievements include successful site surveys and installations in major commercial and retail locations across North America. In June 2023, the company expanded its sales activities with the addition of new sales agents in Ontario and Idaho, and secured financial support for installations from Save On Energy and Enbridge. By July, the company completed multiple site surveys for a Western Canadian grocery chain, highlighting the potential for significant heating and cooling cost reductions through their DCV systems.

AirTest has also grown its international presence, with sales activities in the UK and partnerships with global industry leaders such as alpscontrols.com and Delta Controls Inc. The company's new TR2000-DIGI CO sensor for parking garages and EnGuard refrigerant leak detectors have been key products in these collaborations.

In August 2023, AirTest reported a 7.6% revenue increase for the second quarter and a significant reduction in net loss, showing the effectiveness of its strategic initiatives. The company continues to build on its partnerships, including a recent agreement with Delta Controls Inc., which should expand their product visibility and sales reach substantially.

Looking forward, AirTest remains committed to its mission of improving indoor air quality and energy efficiency with its cutting-edge DCV systems. The successful installation of their products at prominent locations like LA Live in Los Angeles, and the positive reception from partners, underscore their position as a leader in the green technology market.

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ATI AirTest Technologies (TSXV: AAT, OTC Pink: AATGF) has announced the provision of digitally communicating CO sensors for LA Live's parking facilities. LA Live is a major entertainment hub in Los Angeles, featuring Crypto.com Arena, hotels, and one of the largest underground parking structures in the U.S. AirTest's sensors will replace existing CO sensors, enhancing ventilation control. These new sensors are compatible with all building management systems and major communication protocols, marking a significant step in the company's growth. CEO Ted Konyi highlighted the importance of this project, reflecting the quality and versatility of AirTest products.

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AirTest Technologies receives approval for specialty food store project in Toronto
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ATI AirTest Technologies receives significant order from alpscontrols.com
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ATI AirTest Technologies Inc. has entered into a distribution agreement with Delta Controls Inc.
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AirTest installs Parking Ventilation Controls at distribution center, opening new market
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AirTest partners with alpscontrols.com to expand product visibility and sales efforts
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ATI AirTest Technologies Inc. improves revenues by 7.6% in Q2 2023, reduces net loss by 79.4% to $58,437, and decreases outstanding liabilities by 7.4%. Sales efforts focused on commercial applications of Demand Control Ventilation show promising results.
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FAQ

What does ATI AirTest Technologies Inc. specialize in?

ATI AirTest Technologies Inc. specializes in Demand Control Ventilation systems that improve energy efficiency and indoor air quality for commercial buildings.

How did AirTest perform financially in 2022?

In 2022, AirTest generated $2.39 million in revenue, a 13% increase from the previous year, and reduced operating expenses by 18%, leading to a significant reduction in operating loss.

Who are some of AirTest's notable clients?

AirTest's notable clients include Lowe's, Shoppers Drug Mart, and Ikea.

What recent achievements has AirTest reported?

Recent achievements include successful site surveys and installations, expansion of sales activities, and partnerships with companies like alpscontrols.com and Delta Controls Inc.

What new products has AirTest introduced?

AirTest has introduced the TR2000-DIGI CO sensor for parking garages and the EnGuard refrigerant leak detectors, which have been well-received in the market.

How has AirTest expanded its market presence?

AirTest has expanded its market presence by entering international markets, securing new partnerships, and increasing sales efforts in North America.

What is AirTest's strategy for achieving profitability?

AirTest's strategy includes introducing new products with improved margins, cutting costs, and expanding sales efforts to meet the growing demand for energy-efficient HVAC solutions.

What are the benefits of AirTest's DCV systems?

AirTest's DCV systems improve commercial building operating efficiency, generate proven energy savings, and provide real-time data on indoor air quality.

What collaborations has AirTest recently engaged in?

Recent collaborations include partnerships with alpscontrols.com for HVAC control parts and peripherals, and Delta Controls Inc. for expanding product visibility and sales.

What future projects does AirTest anticipate?

Future projects include installations at major locations such as LA Live in Los Angeles and potential multi-location implementations with various commercial and retail partners.

ATI Airtest Technologies Inc.

OTC:AATGF

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Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
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