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AIRTEST TECHNOLOGIES INC.

-Revenue base: $1.7M 2009, $2.5M 2010, From 6/10 to now avge $3.5M annualized.

-Base business now profitable and project $5M in 2011.

CLAIRTEC DIVISION – OPPORTUNITY WITH BREAKTROUGH SENSOR TECHNOLOGY

  • Challenges faced by today’s gas sensors
    • Most commercial gas sensors “drift” so require calibration to maintain accuracy.
    • Most gas sensors have a limited life of 2-6 years.
    • Many applications cannot bear today’s maintenance and replacement cost.
    • Appliance & Equipment mfrs need sensors with longer life and lower cost.

  • Airware technology – exclusive global license to AirTest
    • Will offer a zero drift sensor with 15-20 year life.
    • Three platforms have been developed to prototype stage.
    • Results to date indicate better accuracy, zero drift, and lower cost components.
    • Initial one-time calibration process much less costly than that of other IR sensors.
    • 2009 patent applications give solid protection to the ZD technology.
    • No patent for calibration process, however it is highly proprietary.
    • The 3 platforms will enable sensor advantage for CO, CO2, combustibles, refrigerants, moisture (dew point), and eventually some less common gases.

  • Markets for new sensor technology
    • ZD38 - Existing CO2 sensor market - 2 million sensors per yr - $80MM market
    • ZD38 – Dewpoint sensors addressable market - $110MM
    • ZD38/ZD1000 – CO for all enclosed parking garages – $100MM market
    • ZD1000 – Industrial & atmospheric - $150MM market
    • ZDFuse – OEM combustible and CO applications - $1.9 B addressable market
      • Hot water heaters - $55MM market
      • Residential furnace mfrs - $110MM market
      • Non vented combustion heater mfrs - $44MM market
      • Commercial & residential fire detection $1.5 B market
      • Residential gas leak detection $210MM market

  • Sales projections for AirTest and ClairTec Division0

‘million $ 2011 2012 2013 2014 2015

AirTest operating company 5.1 11.2 18.9 25.8 32.2

ClairTec Division .3 7.8 30.2 62.5 119.3

ATI Consolidated 5.4 19.0 49.1 88.3 151.5

Note: This schedule will see consolidated ATI profitable by second quarter, 2012

including ongoing License commitment costs and all other R&D expense.

  • New Technology Development Milestones
    • During 2010 – prototype designs for all 3 platforms were completed
    • Nov 2010 – 16 prototype ZD38 set up for ongoing testing at Airware lab
    • January 2011 – 100 ZD38 prototypes built for further testing
    • Feb 2011 – LOI signed with Jaquet to conduct further tests, validation of technology, and prepare ZD38 for certification and initial production
    • Mar 2011 – Initial prototypes for ZD1000 ready for testing
    • May 2011 – Final design approvals of ZD38
    • June 2011 – Initial prototypes for ZDFuse ready for initial testing
    • July 2011 – Final design approvals of ZD1000
    • Oct 2011 – Initial small volume production of ZD38
    • Nov 2011 – Initial small volume production of ZD1000
    • Jan 2012 – final design approval of first ZDFuse model
    • Mar 2012 – Optimized production of ZD38 and ZD1000 platform
    • June 2012 – Initial production of ZDFuse
    • Jan 2013 – Commence volume production of ZDFuse

Financing requirements for ATI/ClairTec program

-First quarter 2011 - $2MM

-Use of proceeds

-clean up debts related to maintaining license agreement - $800K

-capital to finance new technology development - $600K

-marketing programs - $200K

-working capital to support existing business growth - $400K

-Last quarter 2011 - $2MM

-$1MM for working capital to support growth

-Balance for further development and manufacturing new sensor products

royrogers

www.marketcents.com

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