KONTROL TECHNOLOGIES CORP - KNRLF STOCK NEWS

Kontrol Technologies Corp. is expanding into the Quebec demand response energy market, utilizing its SmartSuite technology to offer a superior solution for energy management in commercial and multi-residential buildings. The demand response market in North America is projected to rise significantly, with a predicted size of USD 75.53 billion by 2030, growing at a CAGR of 14.2% from 2020-2030. The company's approach includes integration with utility programs to incentivize energy savings and operational efficiency, aiming to enhance utility grid optimization and reduce greenhouse gas emissions.

Kontrol Technologies Corp. (OTCQB:KNRLF) reports increased shipments of its BioCloud units to a global technology company with annual revenues of approximately $7 billion. This collaboration follows a non-disclosure agreement (NDA) and technology review completed in Q3 2021. The partnership signifies Kontrol's growing presence and application of its BioCloud technology, which detects airborne viruses. Additionally, Kontrol has entered into another NDA with a USA-based covid testing company to evaluate BioCloud for municipal applications.

Kontrol Technologies Corp. (OTCQB:KNRLF) has secured multi-year service agreements for 18 new buildings, contributing to its growing recurring revenue base. CEO Paul Ghezzi emphasized the company's strategy of scaling organically and expanding service offerings to existing clients. The company continues to provide exclusive asset management and mission-critical solutions for HVAC systems for commercial and multi-residential REITs. Recent updates to its SmartSuite® technology enhance energy management, focusing on sustainability initiatives.

Kontrol Technologies Corp. (NEO:KNR, OTCQB:KNRLF) has announced an updated version of its BioCloud operating software, enhancing features based on customer feedback. The update, scheduled for release on December 13, 2021, improves optical response data and analytics. Additionally, the update doubles the longevity of replacement cartridges, reducing operating costs by up to 50%. Furthermore, Kontrol has secured a new distribution partner in the Middle East, providing regional Government exclusivity for six months for any orders. These developments highlight Kontrol's commitment to advancing smart building technologies.

Kontrol Technologies Corp. (OTCQB: KNRLF) is launching SmartPower®, an integrated geothermal and VRF solution aimed at enhancing net zero building infrastructure. This move is expected to boost recurring revenues and facilitate carbon credit monetization in response to increasing demand for sustainable solutions due to carbon taxes and corporate responsibility. The SmartPower® system will provide on-site energy generation, assisting in energy price stability while targeting real estate investors managing extensive building portfolios.

CEO Paul Ghezzi noted the potential for significant market growth.

Kontrol Technologies Corp. reported increased demand for its BioCloud data and analytics technology due to positive in-field performance. Under three non-disclosure agreements, the company is providing BioCloud technology to organizations focused on air quality solutions. One partner represents a global conglomerate with annual revenues of approximately $7 Billion. The firm is optimistic about potential distribution agreements but acknowledges uncertainty in revenue generation from these ventures.

Kontrol Technologies Corp. (OTCQB:KNRLF) announced management will present at two upcoming virtual investor conferences. CEO Paul Ghezzi will participate in one-on-one meetings at the Benchmark Company Discovery One-on-One Virtual Investor Conference on December 2, 2021, and at the SNN Network Canada Virtual Event from December 7-9, 2021. The Benchmark event typically attracts over 150 institutional investors, while the SNN Network serves as a multimedia financial news platform.

Kontrol Technologies Corp. (OTCQB: KNRLF) has raised its fiscal year 2022 revenue outlook to between $95 million and $105 million, up from $85 million to $90 million. The company anticipates shipping up to 500 BioCloud replacement cartridges, valued at approximately $400 each, contributing to recurring revenue. Management targets an uplisting to a senior U.S. exchange by mid-2022, aiming to enhance visibility for institutional investors. Adjusted EBITDA guidance is also increased to $10 million-$12 million, reflecting strong growth expectations.

Kontrol Technologies Corp. (OTCQB: KNRLF) has announced an exclusive distribution agreement with Airmaster and Daikin Australia to offer real-time detection of airborne pathogens through its BioCloud technology. This partnership aims to enhance air quality in workplaces by notifying employers of detected viruses in real time, allowing for prompt action. The agreement includes a three-year term with an exclusive year in the HVAC sector across Australia and New Zealand, alongside initial purchases of BioCloud units. Manufacturing opportunities for BioCloud outside of North America are also expected to be explored.