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    ATMO   CA04952E1097

ATMOFIZER TECHNOLOGIES INC.

(ATMO)
  Report
Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  03:51 2022-12-08 pm EST
0.0150 CAD    0.00%
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ATMOFIZER SPONSORED CAR WINS AT 24 HOURS OF DAYTONA

01/31/2022 | 12:06am EST

VANCOUVER, BC, Jan. 31, 2022 /CNW/ - Atmofizer Technologies Inc. (the "Company" or "Atmofizer") (CSE: ATMO) (Frankfurt: J3K) would like to congratulate the drivers and the entire Steinbrenner Racing team for their historic win in Daytona, Florida at the 2022 edition of the Rolex "24 Hours of Daytona".

Devlin DeFrancesco, Pato O'ward and Eric Lux put the team in a position to win with Colton Herta finishing an incredible race that came down to the final minutes to decide the winner.

A six-time race winner in the IndyCar Series, Herta also was victorious in his first WeatherTech Championship race,  the 2019 24 Hours of Daytona when he was part of the BMW Team RLL entry that won the GT Le Mans (GTLM) class. O'Ward was also a winner his first time at the 2017  24 Hours of Daytona, in the Prototype Challenge class when he won seven of eight races. The two have been teammates and rivals since their days in Indy Lights.

DeFrancesco will be Herta's IndyCar teammate at Andretti Autosport this year for his rookie season. The Canadian also has four previous WeatherTech Championship starts, all in prototypes, including a third-place LMP2 finish in last year's 24 Hours of Daytona with DragonSpeed. Herta, O'Ward and DeFrancesco are all age 22 or younger.

Lux is the veteran of the group, at age 33, driving in his first IMSA race when his three teammates were 5 or younger. Lux has six career wins and was the 2011 Prototype Challenge season champion.

"We are so proud of the drivers, Sean Jones and the entire team. What an incredible win for the team. After 23 hours it came down to the last 20 minutes, a true testament to the team's hard work and focus," said Atmofizer CEO, Olivier Centner.  "Beyond the win on the track, we had the opportunity to connect with some amazing sponsors and companies to build the foundation for some incredible partnerships and opportunities for Atmofizer."

ATMOFIZER SPONSORED CAR WINS AT 24 HOURS OF DAYTONA (CNW Group/Atmofizer Technologies Inc.)

About Atmofizer Technologies Inc.

Atmofizer's consumer and industrial solutions are based on its patented technology for ultrafine particle agglomeration and neutralization. This capability creates a revolutionary and more efficient method for addressing the wide range of dangerous nano-scale particles, viruses and bacteria that are too small to be effectively managed by conventional HEPA filters and ultraviolet lights. Atmofizer plans to disrupt the air treatment industry by improving air safety and purification efficiency while lowering customers' operational costs.

Atmofizing air refers to the process of using ultrasonic acoustic waves to agglomerate (cluster together) small particles into a larger target that is then radiated by ultraviolet light to neutralize their harmful properties, making the air you breath less hazardous to your health. Using units that atmofize air in tandem with HEPA filters can make the HEPA filters work more efficiently, enable the use of a less-powerful filter and result in a cleaner and longer-lasting filter that reduces operating costs and is less of a health hazard to clean or replace.

Atmofizer is patent-pending and patent-protected sole source of technology to atmofize air and is applying its proprietary technology in consumer and industrial air purification products currently manufactured under the Atmofizer brand, as well as in retail and commercial devices produced by other companies that integrate Atmofizer technology into their own products under license. Atmofizer's owned and licensed product lines include wearable, portable and mobile use for personal air treatment, as well as larger systems to handle higher air volumes for commercial, industrial, institutional and residential applications.

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. The forward-looking information contained herein includes, without limitation, the Company's partnership with Steinbrenner Racing, and the business and strategic plans of the Company.

By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the Company's ability to comply with all applicable laws and governmental regulations relating to its commercial products; the ability of the Company to protect its intellectual property; impacts to the business and operations of the Company due to the COVID-19 pandemic; having only a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company's reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.

Additional risk factors can also be found in the Company's continuous disclosure documents, which have been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Cision
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SOURCE Atmofizer Technologies Inc.

© Canada Newswire, source Canada Newswire English

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Financials (USD)
Sales 2021 0,50  - -
Net income 2021 -21,4 M - -
Net cash 2021 1,62 M - -
P/E ratio 2021 -7,99x
Yield 2021 -
Capitalization 1,44 M 1,45 M -
EV / Sales 2020 -
EV / Sales 2021 305 992 099x
Nbr of Employees 7
Free-Float 83,9%
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Managers and Directors
Olivier Centner Chief Executive Officer & Director
Whit Pepper President & Chief Commercial Officer
Brian Meadows Chief Financial Officer & Secretary
Michael Bernardino Galloro Director
Peter Simeon Director