Kontrol Technologies Wins Multi-Year Emission Monitoring Revenues for Rail Infrastructure Expansion in Ontario

Rhea-AI Summary

Kontrol Technologies Corp. (OTCQB:KNRLF) has been awarded a multi-year contract for emissions monitoring related to a new rail infrastructure project in Ontario. This opportunity will enhance Kontrol's recurring revenue through the installation of custom continuous emissions monitoring systems (CEMS) and analytics equipment. CEO Paul Ghezzi highlighted that this project signifies a new customer and emphasizes the expansion of their Kontrol Carbon solution platform. The project, part of a high-speed commuter rail expansion, secures an important role for Kontrol in infrastructure compliance.

Positive

• Secured a multi-year emissions monitoring contract, enhancing recurring revenue.
• Installation of customized Continuous Emissions Monitoring Systems (CEMS) for new rail infrastructure.
• Part of high-speed commuter rail expansion in Ontario.

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 through IoT, Cloud and SaaS technology, has been selected to provide multi-year monitoring of emissions for the expansion of rail infrastructure in the Province of Ontario.

“This is new customer, and a new infrastructure opportunity which was delivered by our team under the Kontrol Carbon solution platform,” says Paul Ghezzi, CEO of Kontrol Technologies. “In addition to the initial installation of analytics equipment and sensors, we will be monitoring the emissions generated from the site for three years which further expands our recurring revenues.”

Emission Monitoring and Compliance

Industrial facilities and infrastructure projects, operating continuously, and with a high level of constant emissions are often required to install a permanent, fixed, continuous emissions monitoring system (CEMS). CEMS must be able to identify correct ranges, response times and accuracy of measurement as well as have a reliable uptime and operation life so that the plant can continue to run.

Kontrol will be installing a customized CEMS solution as well as providing real-time monitoring over 3 years for a new rail infrastructure project. The rail infrastructure project is part of the current expansion of high-speed commuter rail expansion in the Province of Ontario. For Industry competitive purposes the customer will not be named at this time.

About 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.

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.

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/20220524005877/en/

Kontrol Technologies Corp.

Paul Ghezzi

CEO

info@kontrolcorp.com

180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8

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 is the recent news about Kontrol Technologies Corp. (KNRLF)?

Kontrol Technologies Corp. has secured a multi-year contract for emissions monitoring related to a new rail infrastructure project in Ontario.

How will the new contract affect Kontrol Technologies' revenue?

The new contract will enhance Kontrol's recurring revenue through the installation of emissions monitoring systems.

What technology is Kontrol Technologies providing for the Ontario rail project?

Kontrol Technologies is providing a customized Continuous Emissions Monitoring System (CEMS) for the rail infrastructure project.