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Be the first with the news that moves the market- AirTest Technologies’ (AAT) sensor-based garage ventilation systems are being installed by a major real estate investment trust (REIT)
- The REIT client owns over 270 locations, containing over 85,000 residential apartments and retail spaces
- Thus far, eighteen AirTest ventilation systems have been installed, with another five projects pending in the near term
- The company expects that ventilation of enclosed underground parking will become more prevalent in future contracts
- AirTest Technologies is up 7.14 per cent and is currently trading for 7.5 cents per share
AirTest Technologies’ (AAT) sensor-based garage ventilation systems are being installed by a major real estate investment trust (REIT).
The company’s energy-saving ventilation control systems measures carbon monoxide (CO) for automobile exhaust and nitrogen dioxide for diesel vehicles. As such, the systems are able to create a safe underground environment by controlling ventilation.
For these latest apartment garage projects, AirTest’s CN7232 ventilation controller and TR2000 carbon monoxide sensors were used. The CO sensors are placed every 5,000 square feet in the garage space, and are able to determine how much vehicular activity is occurring based on automobile exhaust measurements.
By modulating ventilation based on how much it is needed, AirTest’s solutions are able to save energy and reduce energy-related costs. When the company’s ventilation systems have been used in garages that were previously ventilated at one consistently high speed, that garage’s energy costs were reduced by over 80 per cent.
The real estate investment trust which is installing these systems owns over 270 locations, containing over 85,000 residential apartments and retail spaces. With such an extensive real estate portfolio, the REIT client makes over C$3 billion in revenue each year.
AirTest’s President, George Graham, predicted that this kind of contract and client may become more prevalent in the company’s future contracts.
“As the group expands into urban areas, we anticipate enclosed underground parking will likely increase in upcoming projects,” he said.
“So far, eighteen AirTest sensor-based ventilation systems have been installed and another five projects are pending in the near term,” he added.
AirTest Technologies is up 7.14 per cent and is trading for 7.5 cents per share, as of 2:36pm EST.
