Kontrol BioCloud Technology Identifies Influenza Virus in Testing

Rhea-AI Summary

Kontrol Technologies Corp. (OTCQB:KNRLF) has successfully completed initial testing of its BioCloud technology in Japan, achieving positive detection of the influenza virus. This technology aims to automate laboratory processes for real-time monitoring of air quality and early viral detection. The initial results indicate that the BioCloud system effectively captured aerosolized influenza virus. The company emphasizes its commitment to enhancing safety in public spaces through advanced air quality monitoring solutions.

Positive

• Successful initial testing of BioCloud technology for influenza virus detection.
• Demonstrates potential for real-time monitoring and enhanced safety in public spaces.

Negative

• None.

-Expansion of Technology Application for Detection of Influenza Virus-

TORONTO--(BUSINESS WIRE)-- Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart building technology, has completed initial testing of the BioCloud technology in Japan and has delivered a positive detection of the influenza virus. The initial testing indicates the application of the BioCloud technology for influenza virus.

“The BioCloud technology innovation is based on taking a manual laboratory process and automating that process in real-time, with the goal of monitoring ambient air for early viral detection,” says Gary Saunders, President of Kontrol BioCloud. “Since the inception of our technology development we have indicated our intention to be able to detect multiple virus and pathogens as part of overall area safety. We are pleased with the initial positive testing with aerosolized influenza virus.”

Initial Testing

Further to the press release dated January 14^th, 2022 (Kontrol Technologies expands BioCloud Technology into Japan) and working with its local partner, testing was provided through a laboratory in Japan and the initial testing was focused on the ability of Kontrol BioCloud to capture aerosolized influenza virus in its proprietary collection chamber. Based on initial testing the BioCloud technology was able to successfully capture the virus.

The testing summary of initial testing findings are provided on pages 15 to 17 of the BioCloud Testing Document (https://kontrolcorp.com/biocloud-testing).

“With a growing movement to monitor air quality in buildings with early viral detection systems, BioCloud continues to be well positioned to offer solutions that seek to create safer spaces across the global economy”, says Paul Ghezzi, CEO of Kontrol Technologies.

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).

About Kontrol BioCloud^TM

Kontrol BioCloud (“BioCloud”) is an operating subsidiary of Kontrol Technologies. The BioCloud technology is a real-time analyzer designed to detect airborne viruses and pathogens. BioCloud is an air quality technology and not a medical device. BioCloud has been designed to operate as a safe space technology by sampling the air quality continuously. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and a silent notification system is created. BioCloud can be applied to any space where individuals gather. Additional information about Kontrol BioCloud can be found on its website at www.kontrolbiocloud.com

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

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. Forward-looking information contained in this press releases includes, but is not limited to, the following: future testing to be conducted by Kontrol of its products; the future success of any of Kontrol’s products; and customer demand relating to air quality products.

Where Kontrol 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; that future testing can be conducted as planned; that technology will be as effective as anticipated; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or at all; and that demand will continue for air quality products and for the Company’s products in particular.

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 the Company’s 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/or that demand for such products and services will not continue; that the Company’s test results will not be replicated in the future or that future testing will not be conducted; that the Company will not maintain its existing relationships or contracts on the same terms or at all; and government and regulatory factors impacting the energy conservation industry. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220308005936/en/

Kontrol Technologies Corp.

Paul Ghezzi

CEO

info@kontrolcorp.com

Tel: (905) 766.0400

Investor Relations:

Brooks Hamilton

MZ Group – MZ North America

KNRLF@mzgroup.us

Tel: +1 (949) 546.6326

Source: Kontrol Technologies Corp.

FAQ

What are the recent developments for Kontrol Technologies Corp. regarding influenza virus detection?

Kontrol Technologies Corp. has completed initial testing of its BioCloud technology in Japan, achieving positive results in detecting the influenza virus.

What is the stock symbol for Kontrol Technologies Corp.?

The stock symbol for Kontrol Technologies Corp. is OTCQB: KNRLF.

How does BioCloud technology work for detecting viruses?

BioCloud technology automates laboratory processes to monitor ambient air in real-time for early viral detection.

Where was the initial testing of BioCloud conducted?

The initial testing of BioCloud technology was conducted in Japan.

What does the initial testing of BioCloud indicate?

Initial testing indicates that the BioCloud technology successfully captures aerosolized influenza virus.