REM Acquires Stake in Airwell Technologies
January 6, 2020, (Vancouver, BC) - Radon Environmental Management Corp. (REM) is excited to announce a new strategic investment that will strengthen and expand the Company’s offering of high performance radon mitigation solutions, to reduce exposure to radon in the air we breathe and water we drink, which will save lives.
Radon is soluble in groundwater and is released as a gas into the indoor environment when well water becomes aerated as it enters a home or building. Exposure to radon gas is the leading cause of lung cancer in non-smokers and is also linked to stomach and other deadly cancers. There are an estimated 15 million groundwater wells in the United States, where stringent EPA and state radon in water standards apply. In Canada, 26% of the population is reliant on well water and in many high radon prone provinces, like Saskatchewan, 45% of the population receive their water from wells. Everyone on a groundwater well should test their water and indoor air quality for radon.
Alan Whitehead, President & CEO of REM said, "We are delighted to have significantly strengthened our partnership with Rob and Jamie MacKinnon, founders of Airwell Technologies, the holding company of the Airwell intellectual property and sales/manufacturing rights. Our equity investment in the Airwell continues our leadership role and commitment to providing the highest performance, cost-efficient, radon mitigation solutions. Under our Shareholders Agreement with Airwell Technologies, REM will distribute the Airwell globally and I look forward to joining Rob and Jamie on the Airwell Technologies Board of Directors.”
Rob and Jamie MacKinnon, Co-Founders and Directors of Airwell Technologies said “We are excited to have partnered with REM. We have been in the water well business for over 25 years and have extensive knowledge and experience with Pressure Systems and water treatment. This partnership brings us to the forefront of radon well water mitigation. By combining REM’s vast knowledge in all things radon and our long-standing experience with well water, it will truly benefit our customers. Under our Shareholders Agreement, the Airwell will continue to be manufactured exclusively by In-Well Manufacturing Corporation in Pembroke, Ontario. In-Well Manufacturing Corporation is wholly owned by the MacKinnon’s.”
About REM
Radon Environmental is a building and environmental health sciences company focused on reducing public exposure to radon gas. REM provides innovative high-performance radon detection and mitigation solutions to treat radon in air and water. The Company consults on radon education, mapping, testing and mitigation planning, with government organizations and the building and construction sector across North America. A strength of the company is its emphasis on strategic development to build strong partner and customer relationships.
About Airwell
Airwell is a new patented technology, it is a highly efficient, low voltage, low maintenance mitigation system, for removing radon in well water. It is the only system on the market that mitigates the radon outside the home, in the well. The Airwell’s patented aeration system reduces radon levels by 92-99% and will also mitigate methane, sulphur and iron levels present in groundwater wells.
For further information, please contact:
David Innes, Director of Sales
Radon Environmental
Tel: (778) 327 4717 office, (888) 527-4717 toll free
Email: david.innes@radoncorp.com | Web: www.radoncorp.com