AirTest to Acquire IR Gas Sensor TechnologySeptember 9, 2009
The memorandum of understanding signed with the research and development company will allow AirTest to obtain exclusive proprietary rights to market and manufacture IR-based gas-sensing technologies that offer enhanced stability and sensitivity.
DELTA, BC /PRNewswire-FirstCall/ -- AirTest Technologies is pleased to announce that it has signed a memorandum of understanding with a U.S.-based research and development company that will allow the company to obtain exclusive proprietary rights and other intellectual property to market and manufacture certain innovative IR-based gas-sensing technologies developed by the company. The agreement includes worldwide patent rights to the technology, ultimately leading to acquisition of the research and development group by AirTest.
The IR measurement of gases is a well-established technology that has been in widespread use for over 60 years in industrial, medical, scientific, and commercial applications. In fact, many of the sensor technologies currently offered by AirTest are based on IR-detection principals. The breakthrough innovation developed by the company relates to the ability to achieve unprecedented enhanced performance of IR gas sensor technology in terms of stability, cost to manufacture, and low-level sensitivity.
According to George Graham, President of AirTest, "This innovation can be applied to a myriad of existing markets in industrial and commercial gas detection. It also opens the door for penetration of new large markets related to appliance control, building control, environmental monitoring, as well as life/fire safety applications in residential, commercial and industrial applications." Graham added "we are withholding the name of this company for public release until we have finalized a definitive agreement, which should occur in the next few weeks."
According to Mike Schell, AirTest's Vice President of Business Development, "AirTest's goal in acquiring this technology is to quickly implement the commercialization of this breakthrough technology to all applicable commercial, industrial, and residential market applications."
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 past 10 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.
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