Kontrol Technologies Announces $2 Million Bitcoin Purchase Plan and Expanding with Data Center Customers
Kontrol Technologies (OTCQB:KNRLF) has announced a $2 Million Bitcoin purchase plan, acquiring $500K per month over four months. The purchases will be funded through holdback receivables, treasury, and future cash flows. The company is also expanding its services with data center customers, where it currently provides energy management and consumption monitoring for three mission-critical facilities operated by major Canadian telecommunication companies. The company maintains a strong cash position with no long-term secured debt and is generating interest income from treasury holdings.
Kontrol Technologies (OTCQB:KNRLF) ha annunciato un piano di acquisto di Bitcoin da 2 milioni di dollari, acquisendo 500.000 dollari al mese per quattro mesi. Gli acquisti saranno finanziati tramite crediti da trattenere, tesoreria e flussi di cassa futuri. L'azienda sta anche espandendo i propri servizi con i clienti dei data center, dove attualmente fornisce gestione energetica e monitoraggio dei consumi per tre strutture critiche gestite da importanti aziende di telecomunicazione canadese. L'azienda mantiene una solida posizione di cassa senza debiti garantiti a lungo termine e sta generando reddito da interessi dalle partecipazioni di tesoreria.
Kontrol Technologies (OTCQB:KNRLF) ha anunciado un plan de compra de Bitcoin de 2 millones de dólares, adquiriendo 500.000 dólares al mes durante cuatro meses. Las compras se financiarán a través de cuentas por cobrar retenidas, tesorería y flujos de efectivo futuros. La empresa también está ampliando sus servicios con clientes de centros de datos, donde actualmente proporciona gestión energética y monitoreo del consumo para tres instalaciones críticas operadas por importantes empresas de telecomunicaciones canadienses. La empresa mantiene una sólida posición de efectivo sin deuda garantizada a largo plazo y está generando ingresos por intereses de sus inversiones en tesorería.
Kontrol Technologies (OTCQB:KNRLF)는 200만 달러 규모의 비트코인 구매 계획을 발표했으며, 4개월 동안 매달 50만 달러를 구매할 예정입니다. 구매는 보류 계정, 재무 및 미래 현금 흐름을 통해 자금이 조달될 것입니다. 회사는 현재 주요 캐나다 통신 회사가 운영하는 세 개의 핵심 고객 시설에 대해 에너지 관리 및 소비 모니터링을 제공하는 데이터 센터 고객과의 서비스 확대에도 나섰습니다. 회사는 장기 담보 부채가 없고, 재무 보유 자산에서 이자 수익을 생성하며 강력한 현금 포지션을 유지하고 있습니다.
Kontrol Technologies (OTCQB:KNRLF) a annoncé un plan d'achat de Bitcoin de 2 millions de dollars, acquérant 500 000 dollars par mois pendant quatre mois. Les achats seront financés par des créances à retenir, des réserves de trésorerie et des flux de trésorerie futurs. L'entreprise élargit également ses services auprès des clients de centres de données, où elle fournit actuellement une gestion de l'énergie et un suivi de la consommation pour trois installations critiques opérées par de grandes entreprises de télécommunications canadiennes. L'entreprise maintient une situation de liquidité solide sans dettes à long terme et génère des revenus d'intérêts à partir de ses avoirs de trésorerie.
Kontrol Technologies (OTCQB:KNRLF) hat einen Plan zur Bitcoin-Anschaffung in Höhe von 2 Millionen USD bekannt gegeben, der den Erwerb von 500.000 USD pro Monat über einen Zeitraum von vier Monaten vorsieht. Die Käufe werden durch zurückbehaltene Forderungen, Treasury und zukünftige Cashflows finanziert. Das Unternehmen erweitert auch seine Dienstleistungen für Rechenzentrums-Kunden, wobei es derzeit Energiemanagement und Verbrauchsüberwachung für drei kritische Einrichtungen anbietet, die von großen kanadischen Telekommunikationsunternehmen betrieben werden. Das Unternehmen hält eine starke Liquidität ohne langfristige gesicherte Schulden und generiert Zinserträge aus seinen Treasury-Beständen.
- Implementing $2M Bitcoin investment strategy
- Strong cash position with no long-term secured debt
- Generating interest income from treasury holdings
- Expanding services with data center customers
- None.
Following its announcement of a Bitcoin strategy for its balance sheet, Kontrol is adding a further
Data Centers
The Company currently works with three mission critical data centers operated by some of the largest Telecommunication companies in
“In addition to having a strong cash position, we also have a number of hold-back receivables related to the closings of our prior business sales. We can grow our bitcoin strategy while maintaining a healthy cash balance for potential future acquisitions,” says Paul Ghezzi, CEO of Kontrol. “In addition, we are pleased to expand our work with our data center customers and will seek to continue to grow these business opportunities.”
The Company has no long term secured debt, is generating interest income from its treasury holdings and has sufficient capital on hand to execute on its mergers and acquisitions strategy as previously disclosed in the press release dated October 29, 2024.
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and 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.sedarplus.ca.
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: the potential benefits of an acquisition; the completion of a Letter of Intent; the addition of Bitcoin to the Company’s balance sheet, the future operations of the Company; and the Company’s ability to make accretive acquisitions.
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 the Company will have sufficient financial and other resources to fulfil expectations with respect to future operations and meet contractual payment obligations.
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/20241108260611/en/
Paul Ghezzi, CEO
info@kontrolcorp.com
11 Cidermill Avenue, Suite 201
Tel: (905) 766.0400
Source: Kontrol Technologies Corp.
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