Foyer Richelieu Welland to install Kontrol BioCloud to enhance safe spaces in Long Term Care
Kontrol Technologies Corp. (CSE: KNR) (OTCQB: KNRLF) announced a collaboration with Foyer Richelieu Welland, a long-term care facility in Ontario, to implement its Kontrol BioCloud technology. This real-time viral detection system aims to monitor airborne pathogens, including COVID-19. CEO Paul Ghezzi emphasized the importance of BioCloud in creating safer environments, especially in light of ongoing COVID-19 protocols. The partnership focuses on ensuring a secure space for residents through effective real-time monitoring.
- Collaboration with Foyer Richelieu Welland enhances visibility and potential adoption of Kontrol BioCloud technology.
- BioCloud technology adds a real-time monitoring capability in long-term care facilities, which can increase market demand.
- The partnership aligns with ongoing COVID-19 safety protocols, likely improving company reputation in health technology.
- Risks associated with the effectiveness of BioCloud in detecting COVID-19, as it is not classified as a medical device.
- Dependence on regulatory approvals and market acceptance could impact the successful rollout of BioCloud technology.
TORONTO, March 19, 2021 /PRNewswire/ - Kontrol Technologies Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) ("Kontrol Technologies" or "Kontrol" or "Company") is pleased to announce that Foyer Richelieu Welland, a long-term care facility In Welland, Ontario, is teaming up with Kontrol BioCloud to install and showcase Kontrol BioCloud in operation. The Kontrol BioCloud viral detection technology is designed as a real-time analyzer to detect airborne pathogens, such as COVID-19. Kontrol BioCloud is a Safe Space TechnologyTM.
"We developed BioCloud to help us get back to normal across all sectors of the economy, Including long-term care facilities and retirement homes. We are delighted to share our Safe Space Technology and provide real-time viral monitoring for Foyer Richelieu Welland," said Paul Ghezzi, CEO of Kontrol Technologies Corp.
Foyer Richelieu Welland has been following strict COVID-19 protocols and has an established track record of creating safe spaces for its residents and staff. Protocols include masking, social distancing, handwashing, and thorough sanitizing of all equipment.
"We take the safety and our residents and staff as a top organizational priority. We are committed to safer spaces for all and the ability to add real-time monitoring through Kontrol's BioCloud technology is of great interest." said Sean Keays, Directeur général chez Foyer Richelieu Welland.
About Kontrol BioCloudTM
BioCloud is a real-time analyzer designed to detect airborne viruses. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and a silent alert system is created in the Cloud or over local intranet. BioCloud's applications include classrooms, offices, retirement homes, long term care, mass transportation and others. Additional information about Kontrol BioCloud can be found on its website at www.kontrolbiocloud.com.
Safe Space Technology is a Kontrol Trademark.
About Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is leading the digital transformation of buildings and the built environment to create smarter buildings and cities. Through an integrated technology platform Kontrol Technologies delivers solutions and services to its customers, in real-time, to improve energy management, reduce ongoing emissions and improve air quality.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news 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.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected, that customers and potential customers will not be as accepting of the Company's product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. In particular, successful development and commercialization of the Kontrol BioCloud are subject to the risk that the Kontrol BioCloud may not prove to be successful in detecting the virus that causes COVID-19 effectively or at all, uncertainty of timing or availability of any regulatory approvals and Kontrol's lack of track record in developing products for medical applications. Kontrol BioCloud is an air quality technology and not a medical device. The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus).
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
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SOURCE Kontrol Technologies Corp.
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