EvoAir Holdings Inc. (OTC: EVOH)

EvoAir Holdings Inc. is engaged in the research and development manufacturing trading and sale of eco friendly HVAC products and related services in Asia. The company designs and produces hybrid air conditioners under the EvoAir brand and portable air conditioners under the e Cent EVO brand. It also offers air purifier systems based on ionic nano copper technology and a health supplement line known as INCZN. Manufacturing takes place in facilities located in Malaysia and China providing approximately 30,000 square feet of production space. The firm operates through subsidiaries that handle R&D marketing sales and after sales service across Malaysia Singapore China and Cambodia. The group employs approximately 24 people with 22 full time and 2 part time staff located in Malaysia Singapore and China and it maintains a dedicated research and development team of two members.

The company generates revenue primarily from the sale of hybrid air conditioners portable air conditioners and related components. Sales of the EvoAir hybrid series and the e Cent EVO portable units contribute to product revenue. Additional income comes from the sale of air purifier systems that use ionic nano copper technology and from the distribution of the INCZN health supplement. The firm also earns revenue by licensing its patented heat emission control system and other proprietary technologies to OEMs and other brands. Service based revenue includes retrofitting customization maintenance and installation provided to commercial and industrial clients. Licensing agreements generate ongoing royalty income while service contracts provide recurring maintenance fees. The company also generates income from the sale of spare parts and accessories for its air conditioning units.

EvoAir Holdings Inc. occupies a niche position in the global air conditioning market by focusing on eco friendly technologies that reduce energy consumption and waste heat. According to industry data the world market for air conditioners reached about 132,000,000 units in 2024 with China accounting for roughly 38% of total demand. The company competes with large established players such as Daikin Midea Trane Carrier and LG while differentiating itself through its patented heat emission control system and its use of low GWP refrigerants. Its competitive advantages include proprietary technology that lowers power usage by at least 20% and its ability to convert waste heat into cool moist air. The firm has obtained safety and performance certifications including SGS International Certification for its hybrid system and NSF International approval for its ionic nano copper solution. These strengths help EvoAir Holdings Inc. attract customers seeking energy efficient and environmentally responsible HVAC solutions. Industry reports indicate that residential air conditioner demand grew at a compound annual growth rate of approximately 4.84% while commercial demand increased at about 7.64% between 2020 and 2024. The firm’s focus on eco friendly technology aligns with global trends toward lower carbon emissions and higher energy efficiency in cooling solutions.

The company serves residential homeowners commercial office buildings retail stores warehouses and manufacturing facilities across Southeast Asia and China. Its products are also sold to real estate developers seeking green building solutions and to public institutions interested in air sanitization. While specific customer names are not disclosed in the filing the firm reports a diversified client base that includes households enterprises and governmental projects. Distribution channels include direct sales to end users partnerships with local dealers and online platforms that reach consumers in Malaysia Singapore Cambodia and Indonesia. The company maintains a network of authorized service centers that support installation and warranty work for its products in key markets. It also collaborates with real estate developers to integrate its HVAC systems into new building projects.