Kontrol Technologies Provides Update on BioCloud Patent Filing

Rhea-AI Summary

Kontrol Technologies Corp. (NEO:KNR, OTCQB:KNRLF) has received a Notice of Allowance for its U.S. Patent Application No. 17/105,804, related to an innovative Air Sampling System. This system features advanced components including an air intake unit, fan, cooling unit, and optical detection unit designed for effective air quality monitoring.

The Company aims to enhance its smart building platform through further patent developments. A patent issuance is anticipated in Q1 2023. Kontrol Technologies leads in smart building technologies, focusing on energy management and emissions monitoring.

Positive

• Received a Notice of Allowance for U.S. Patent Application No. 17/105,804.
• Innovative Air Sampling System includes advanced features for air quality monitoring.
• Anticipates patent issuance in Q1 2023, which could enhance product offerings.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart buildings and cities has received a Notice of Allowance for its U.S. Patent Application No. 17/105,804.

“We continue to advance our proprietary technology and will seek to develop new patent applications to create further value in our smart buildings platform,” says Paul Ghezzi, CEO of Kontrol Technologies.

The Notice of Allowance allows for claims relating to an Air Sampling System having, among other features, an air intake unit defining an inlet and an air inflow channel; a fan configured to cause air in a sampling environment to flow into the air inflow channel via the inlet; a cooling unit for cooling air in the air inflow channel; a collection chamber for collecting liquid water condensed from air in the air inflow channel, the collection chamber being removably coupled to the air intake unit and including an active target substrate having a surface that is coated with bioreceptors; a flow column that is centrally disposed inside the collection chamber, the flow column being fluidly connected to the air inflow channel and defining a plurality of apertures through which fluid flows into the collection chamber; and an optical detection unit including a light source, the optical detection unit being configured to illuminate the active target substrate with the light source, wherein the collection chamber includes: a plurality of glass beads disposed in an annular space between the flow column and an inner wall of the collection chamber, wherein surfaces of the plurality of glass beads are exposed to liquid that collects in the collection chamber; and a permeable stopper that supports the plurality of glass beads above and in spaced relation to a bottom wall of the collection chamber, wherein the active target substrate is disposed in a reaction compartment defined by the stopper and the bottom wall of the collection chamber.

Following the receipt of the Notice of Allowance the Company anticipates a Patent to be issued in Q1, 2023.

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

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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 and water testing 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 or water monitoring 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/20230207005890/en/

Kontrol Technologies Corp.

Paul Ghezzi

CEO

info@kontrolcorp.com

601 Rowntree Dairy Road, Unit B

Woodbridge, ON L4L 5T8

Tel: (905) 766.0400

Source: Kontrol Technologies Corp.

FAQ

What is the significance of the Notice of Allowance received by Kontrol Technologies (KNRLF)?

The Notice of Allowance signifies that Kontrol Technologies' U.S. Patent Application No. 17/105,804 is progressing towards patent issuance, which may enhance their competitive position in the market.

What features are included in Kontrol Technologies' patented Air Sampling System?

The Air Sampling System features an air intake unit, fan, cooling unit, collection chamber, and an optical detection unit designed for effective air quality monitoring.

When does Kontrol Technologies expect the patent to be issued?

Kontrol Technologies anticipates the patent to be issued in Q1 2023.

How does Kontrol Technologies contribute to smart building technologies?

Kontrol Technologies offers solutions that improve energy management, monitor continuous emissions, and enhance the sustainability of buildings through IoT, Cloud, and SaaS technology.