The COVID pandemic has raised awareness of the importance of indoor air quality, putting high-tech indoor air sensors like those developed by ATI Airtest Technologies Inc. (AAT:TSX.V) in the spotlight.
AirTest is a green tech company that specializes in sensors that improve commercial building operating efficiency. At the end of October, the company re-introduced an instant reading desktop carbon dioxide (CO2) sensor to verify air quality. CO2 is an indicator of fresh air ventilation, which is important to combat the spread of COVID-19. The company also offers a variety of fixed CO2 sensors for commercial spaces.
"AirTest shares offer the potential to become a valuable growth-producing asset in any investor portfolio." - Richard Cavalli
"In the age of COVID-19, CO2 sensors used to reduce ventilation but maintain good air quality can be reconfigured easily to verify all spaces are always ventilated adequately," President and CEO George Graham said.
Three industry observers have recommended investors take a look at AirTest.
Chris Temple wrote in The National Investor on November 12, "the company's newest wireless sensors have started to set them apart technology- and cost-wise to the industry. This should earn them a lot more business going forward; indeed, I won't be surprised to start seeing exponential growth in Airtest's revenues. . . Along the way I expect them to start announcing more high-profile contracts to install their devices in all manner of commercial and other large businesses.
"Airtest is started as a BUY and—until it demonstrates at least a couple quarters of notable revenue growth, etc.—is on my list of Speculative-rated stocks."
Richard Cavalli writes, "ATI AirTest finds itself right in the sweet spot of cost-effective solutions meeting indoor air quality standards, saving substantial energy costs, and at the same time improving indoor air quality and helping guard against the pandemic. Airtest has developed and sells low-cost, high-impact, new ways to monitor air quality and control ventilation to mitigate air-quality in schools and large buildings to protect against SARS-CoV-2 and the hazardous smoke from the record number of huge wildfires in California, Oregon and Colorado.
"With strong presence as a leader in air quality monitoring in an explosive $35 billion indoor air quality market, ATI AirTest is uniquely positioned to enjoy greater than expected sales growth with the potential to result in share prices exceeding $1.00 in the next year and substantially higher multiples in future years.
"With low-cost, high-impact solutions that work better and save more money than current methodologies, AirTest shares offer the potential to become a valuable growth-producing asset in any investor portfolio."
Ron Struthers wrote in Struther's Resource Stock Report on November 19, "Airtest's leading-edge, proprietary sensor technologies improve the energy performance, environmental impact and return on investment for the millions of buildings we all work, shop and play in. Airtest works with existing building contractors, building owners, property management companies, energy management companies and large equipment and controls manufacturers.
"Airtest makes wireless battery powered and ambient light-powered CO2 sensors that can quickly and easily be retrofitted into buildings and be immediately integrated into existing control systems. The system can also provide cloud-based monitoring interfaces reporting on a number of indoor air parameters with e-mail and text alerts available.
"Airtest announced that their energy-saving parking garage control systems has been specified to be installed in seven large garage projects across America for a major Internet retailer. These systems are being installed in distribution centers and the garages used for delivery vehicles. The retailer has now standardized on ATI Airtest for all future projects. Amazon could not be mentioned in the October 19 press release, but some digging beneath the surface, that is who Airtest is talking about.
"The new wireless version of their CO2 measurement and ventilation monitoring system, looks to be the best in its industry. Airtest is strongest regionally in the Northwest U.S. The company claims to win about 85% of new contracts for its DCV systems there. The plan is to expand in other regions and repeat this success.
"The company revenues did slow in Q2 of this year as everything kind of came to a standstill for several months. However, the focus has now shifted from lock downs to learning how to cope and operate under Covid-19 protocols. I believe Airtest can really shine under these conditions and I expect a big up tic in revenues in the coming 12 months.
"This is a low priced penny stock and has higher risk as such, but one way to mitigate that risk is to buy early before the story is well known and the valuation still low. Considering 10 million shares in the current financing for a total of 85 million at 7 cents, the market cap is just under $6 million which is far less than two times 2019 revenues. There is lots of room for appreciation as the company and its products become better known."
In addition, technical analyst Clive Maund wrote about AirTest on CliveMaund.com on November 30, noting, "Things are going well for the company, which is approaching completion of a successful financing, due to close on the 10th December. The company appears to be similar in what it does to Kontrol Energy which exploded higher earlier this year, although of course there is no guarantee that it will follow suit, but given the potential of what it does there is a fairly good chance that it will at least enter a solid bullmarket growth phase." He views AirTest as an "attractive speculative play."[NLINSERT]
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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Ron Struthers of Struther's Resource Stock Report
I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Airtest Technologies
I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None
My company has a financial relationship with the following companies mentioned in this article: Airtest Technologies is a paid advertiser at playstocks.net.
I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None I personally am paid by the following company mentioned in this article: None My company has a financial relationship with the following companies mentioned in this article: I am a paid consultant to AATGF - ATI AirTest
Clive Maund does not own shares of AirTest Technologies, and neither he nor his company has a financial relationship with the company.