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Kontrol Technologies Operating Subsidiary CEM Specialties Inc. selected by New USA Customer for Multiple Integration Projects; Enters New Growth Market for Emission Monitoring
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Rhea-AI Summary
Kontrol Technologies Corp. (OTCQB: KNRLF) has expanded into the real-time monitoring market for Ethylene oxide emissions. Its subsidiary, CEM Specialties Inc. (CEMSI), has secured a contract with a new USA customer to design and integrate advanced emission technology for this purpose. This development marks a significant growth opportunity, as it addresses the increasing regulatory focus on hazardous air pollutants like Ethylene oxide. Monitoring solutions are crucial for reducing exposure to this flammable gas, which is widely used in various industries.
Positive
Entry into a new market for real-time Ethylene oxide monitoring presents growth opportunities.
CEMSI's expertise in complex emission systems bolsters competitive advantage.
Negative
None.
TORONTO--(BUSINESS WIRE)--
Kontrol Technologies Corp.(NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), operating subsidiary CEM Specialties Inc. (CEMSI) has been selected by a new USA Customer (the “Customer”) to design and integrate specialized emission technology in order to monitor Ethylene oxide in real-time. The Customer provides advanced emission technology solutions globally.
Entry into New Emission Monitoring Market
CEMSI won the opportunity based on its expertise in the regulated emission monitoring market as well as its ability to integrate highly complex emission systems which include real-time monitoring.
“This new Customer represents our entry into a growing new market for the real-time monitoring and measurement of Ethylene oxide,” says Paul Ghezzi. “Our business growth in the regulated emissions market continues and we will seek to advance further opportunities with this new Customer.”
Ethylene Oxide Emissions
The ability to monitor and quantify Ethylene oxide (EtO or EO) is central to eliminating sources and reducing long-term exposure to this hazardous air pollutant. Ambient air monitoring systems for Ethylene oxide continuously and automatically monitors and quantifies low, ambient levels of EtO. It is ideal for use in community monitoring stations and at industrial fence-lines.
According to the Environmental Protection Agency (EPA) Ethylene oxide is a flammable, colorless gas used to make other chemicals that are used in making a range of products, including antifreeze, textiles, plastics, detergents, and adhesives. Ethylene oxide also is used to sterilize equipment and plastic devices that cannot be sterilized by steam, such as medical equipment. EPA is committed to reducing risks from ethylene oxide. www.epa.gov
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 ambient air monitoring solutions to be offered by Kontrol for its potential customers; future goal of monetizing carbon credits; the anticipated timing of the initial designand integration of specialized emission technology in order to monitor ethylene oxide in real-time; and any energy savings that the Company’s technology will provide for the Customer; the future success of any of Kontrol’s products; and customer demand relating to energy management.
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 emission technology solutions 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; that the ability to monitor and quantify Ethylene oxide (EtO or EO)for the Customer will go as planned; and that demand will continue for energy management products and for the Company’s products in particular.
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.
