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AUTR Autris (PK)

0.045
0.005 (12.50%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Autris (PK) USOTC:AUTR OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 12.50% 0.045 0.0216 0.061 0.045 0.045 0.045 19,905 22:00:00

AUTRIS subsidiary, NITROHEAT announces launch of innovative new product MaxDry200 for 2015

18/12/2014 12:16am

PR Newswire (US)


Autris (PK) (USOTC:AUTR)
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PORTLAND, Ore., Dec. 17, 2014 /PRNewswire/ -- NITROHEAT, a wholly owned subsidiary of AUTRIS (OTCQB: AUTR), is proud to announce the start of production and distribution of the MaxDry200.

The patent pending MaxDry200 is an innovative combination high performance filtration, membrane dryer and heating system for compressed air. The system is controlled by unique electronics and an Android application designed and developed by Derek Naidoo. NITROHEAT. This is the only system in the market worldwide that utilizes such technology.  The potential market for this system is 150,000 users just in North America.

Derek Naidoo, the CEO and President of AUTRIS says, "This product will broaden our market and further strengthen our position as leaders in the air separation sector for spray painting. Most metals, wood, fiberglass, plastic and many other products are spray painted during the manufacturing process, the NitroMax 30, the HeatPro200 and now the MaxDry 200 ensures that we have covered the entire span of this marketplace with products that meet the requirements of low, medium and high volume clients."

Production has already began and the initial batch is scheduled for distribution in January 2015.

About Nitroheat:

NITROHEAT, a wholly owned subsidiary of AUTRIS, is a manufacturer and distributor of nitrogen generators, high performance compressed air filters, dryers and heaters. These unique solutions are all designed and developed internally by the NITROHEAT team. NITROHEAT products are currently supplied predominantly into the automotive and industrial spray-painting markets. Even though the initial focus is in the spray painting of vehicle and industrial applications, there are a variety of other uses for this system in the following areas: food production and packaging, shielding gases in the industrial and aeronautical sector, fire retardants, wine production and bottling, and aluminum extrusion.

Current users include, Mercedes Benz, Porsche, Toyota, Mazda, BMW, Craftsman, Aston Martin, Rolls Royce, Jaguar, Bentley, Fiat, Lamborghini, and Disney.

http://www.nitroheat.com

About AUTRIS:

AUTRIS™ acquired NitroHeat™ in 2013 with the strategy to accelerate distribution not only within the automotive industry but with novel applications for the nitrogen technology behind NitroHeat™. In addition to developing NitroHeat™ to meet its full potential AUTRIS™ is positioned to make acquisitions of complimentary technologies with a focus on the automotive collision industry.

For further information please contact:

Derek Naidoo
President and CEO
Tel: (800) 931 3472
Fax: (866) 437 1405
info@nitroheat.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/autris-subsidiary-nitroheat-announces-launch-of-innovative-new-product-maxdry200-for-2015-300011653.html

SOURCE AUTRIS

Copyright 2014 PR Newswire

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