Hilco is seeking offers to acquire the intellectual property assets of OAIRO Alliance Limited (In Administration) (“OAIRO ALLIANCE” or the “Company”) on behalf of the Joint Administrators of the Company, Chris Newell and Richard Easterby of Quantuma Advisory Limited.
OAIRO ALLIANCE’s “Atomic Air” is unique and patented technology for superior draft-free air distribution via heating, ventilation and air conditioning systems. The case study installations have demonstrated energy efficiency improvements of up to 73%.
Conventional HVAC solutions create convection flows and suffer from poor air distribution efficiency, hot-cold spots, poor air quality and stratification. ‘’Atomic Air’’ on the other hand, is a 21st century technology for the ultimate in efficient draft free distribution for comfort, safety, human well-being and energy efficiency.
Following 11 years of multi-million-dollar research and development with numerous global installations, the “Atomic Air” technology has proven its ability to optimise comfort, safety and energy efficiency in the built environment.
The “Atomic Air” software technology utilises gas law equations and digital mechanical equipment to optimise the effects of Brownian Motion in air particles, creating a superior air distribution, thus significantly reducing the thermal air volumes required to achieve comfort and indoor air quality, in turn reducing the associated fan and heating/cooling power utilised in the built environment.
The response to the Company’s innovation has been positive. Prior to the Administration, the Company completed projects with clients in Australia, Abu Dhabi, Dubai, Thailand, UK and USA, illustrating the wide-ranging commercial applications for the technology across, but not limited to offices, residential, warehouses, shopping centres, theatres and education buildings. Further, the Company had forged solid relationships and garnered the support of various key stakeholders and industry experts, who were engaged and supportive of the Company’s aspirations and saw the potential for future growth, especially in these times of energy poverty.
We are aware of third party valuations of the intellectual property, which report figures in excess of £30m.
The technology has featured on the US TV network CNBC’s “Advancements in Technology” series with Ted Danson, which was streamed globally on various major streaming services.
Confidence in the brand was boosted by backing from revered institutions and individuals influential in the space, including the University of Oxford and the University of Melbourne, both of which have supported the brand and technology, with ‘’Atomic Air’’ being the feature of papers written by these universities that were published on “Energies”.
In 2019 , OAIRO was awarded the Californian Technology of the Year Award.
This sale provides a prospective buyer the chance to acquire the intellectual property assets behind a disruptive business with a pioneering state-of-the-art air distribution and indoor climate regulation solution, capable of delivering:
- Superior comfort with close control
- Indoor air quality for safety and well-being
- Energy efficiency (providing reductions in fuel poverty)
- Reductions in building emissions
- High value with reduced costs
The OARIO ALLIANCE Brand
Almost a decade old, the OAIRO ALLIANCE brand is well-known and respected. The brand embodies the Company’s vision for an air-conditioning solution focused on human well-being, sustainability and efficiency.
The Company holds a UK-registered trade mark protecting the “OAIRO” brand name and logo across various relevant classes.
The Company’s innovative product and technology are protected by a valuable UK-granted patent relating to its novel air control device, protecting its air conditioning and climate control method.
The Company’s patent is available to acquire.
The oairo-alliance.com domain name is available to acquire.
Please note additional assets are available subject to third-party negotiation, including:
- AtomixAIR software suite, including the Atomic Air module;
- Building management system;
- Building energy management and
- Building auto commissioning functionality, including system-wide auto optimisation of equipment, automatic comfort management system to an accuracy of +/- 0.7ºc, indoor air quality management system for CO2, TVOC and particulate matter [and optional additional sensors], reporting and 24/7-365 automated operations.
- Products: Airside Energy Valve and Inteli-Air Handling Units
- Web address www.oairo.com
Offers are due Wednesday 21 June 2023 at 4pm BST.
All expressions of interest and bids are to be directed to Hilco in writing. Please contact Hilco to gain access to a virtual data room of further information on signing a confidentiality agreement. A Bid Submission Form is available in the data room or on request.
The Joint Administrators act as agents of the Company and without personal liability.
The bidder acknowledges that Hilco acts as an agent for the Joint Administrators who offer for sale only what right, title and interest the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Joint Administrators and bidders are deemed to have carried out their own due diligence.
VAT, if applicable, at 20% will be added to the price. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. Legal completion to occur within 5 business days of bid acceptance. Hilco’s full Terms and Conditions apply.