- AirTest (AAT) reports significant OEM customer sales growth
- Sales orders from Original Equipment Manufacturers (OEM) customers for the first quarter in 2022 have grown by 145 per cent over Q1 in 2021
- It has several OEM customers that have traditionally represented close to 50 per cent of total revenues for the company
- AirTest Technologies Inc. is a Green-Tech company specializing in Demand Control Ventilation systems that improve commercial building operating efficiency
- AirTest Technologies Inc. (AAT) is in the grey, trading at C$0.05 at 9:38 am EST
AirTest Technologies (AAT) reports that sales orders from OEM customers for Q1, 2022 have grown by 145 per cent YoY.
OEM customers buy sensors from AirTest to incorporate in sophisticated building control systems. It has several OEM customers that represent close to 50 per cent of total revenues for the company.
When the pandemic hit in early 2020, OEM sales for the company dropped due to a reduction in new construction and retrofit projects.
AirTest CEO Ted Konyi commented on the news.
“The waning pandemic bodes well for our sales activities to continue to climb. Early discussions with several of our OEM customers suggest that this demand for our various sensor products will accelerate as projects that have been on hold for the last several years come back online.”
“In addition to the OEM activity, we are seeing more sales orders coming in from our mechanical engineering and contractor customers as well, as they also ramp up projects that they have had on hold. Lastly, several high-profile retrofit proposals are making their way through the sales process,” added Konyi.
AirTest Technologies Inc. is a Green-Tech company specializing in Demand Control Ventilation systems that improve commercial building operating efficiency and generate proven energy savings.
It has developed new wireless sensors with dynamic real-time communication and control technologies, which builds upon ten years of experience and thousands of installations amongst clients such as Lowe’s, Shoppers Drug Mart and Ikea.
AirTest solutions provide data on levels of Indoor Air Quality required by schools, retail stores and offices.
AirTest Technologies Inc. (AAT) is in the grey, trading at C$0.05 at 9:38 am EST.
