Kontrol Technologies Corp - KNRLF STOCK NEWS

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.

Kontrol Technologies Corp. (OTCQB: KNRLF) reported a record $21.5 million in Q3 2021 revenue, a 614% increase year-over-year. The company achieved a net income of over $2 million, marking its most profitable quarter in history. Adjusted EBITDA also hit a record $2.8 million, rising 224% year-over-year. Kontrol updated its fiscal year 2021 outlook, projecting revenues of $43 million to $46 million and adjusted EBITDA of $6 million to $7 million.

Kontrol Technologies Corp. (OTCQB:KNRLF) has confirmed the effectiveness of its BioCloud technology in detecting COVID-19 via independent laboratory testing. The technology recorded positive detection results from four individuals, backed by real-time data analytics. CEO Paul Ghezzi noted this as a significant milestone, promising valuable data for partners and researchers. A conference call is scheduled for November 15, 2021, at 4:30 PM EST to discuss Q3 2021 financial results. For detailed analytics, visit BioCloud's report.

Kontrol Technologies Corp. (OTCQB:KNRLF) continues to exceed expectations with over 400 customer buildings and plans to double its market share in 2022. The company highlights the increasing demand for sustainability solutions driven by rising energy costs, GHG emission penalties, and shareholder activism. They report preliminary record revenues of at least $18 million for Q3 2021, with a record order book of $160 million. Final Q3 results will be disclosed on November 15, 2021.

Kontrol Technologies Corp. (OTCQB:KNRLF) has entered the net zero building infrastructure market through its subsidiary, Global HVAC and Automation. The company aims to expand its market share by offering net zero solutions, including VRV/VRF technology and geothermal installations. Global has completed its first integrated installation of VRV/VRF technology and plans to quote geothermal solutions by Q4 2021. The geothermal market is projected to reach $50 billion annually by 2027, driven by increasing regulations on emissions.

Kontrol Technologies Corp. (OTCQB:KNRLF) is shipping BioCloud units to a hospital in Belgium amid a COVID-19 outbreak. BioCloud technology, designed for air quality and early virus detection, is gaining traction in various applications. Strengthened by partnerships, including Steelcase, the company anticipates more testing results on November 15 highlighting positive detection responses. Kontrol aims to expand its market presence, enhancing revenue growth and operational progress.

Kontrol Technologies Corp. (OTCQB:KNRLF) will release its financial results for the nine months ending September 30, 2021, on November 15, 2021, after market close. A complete set of interim Financial Statements and Management's Discussion & Analysis will be available on SEDAR on the filing date. CEO Paul Ghezzi and CFO Claudio Del Vasto will host a conference call at 4:30 PM EST on the same day to discuss the results. Interested participants can access the call through the provided link and numbers.

Kontrol Technologies Corp. (OTCQB: KNRLF) has enhanced its SmartSuite energy management technology, integrating it with natural gas and hydronic heating sources to help customers reduce energy waste and greenhouse gas emissions. The technology offers a typical payback of under 3 years due to energy savings. With potential installations in 600 buildings, the company predicts up to 300 million kilowatt hours in energy savings and 400,000 tonnes of GHG reductions over three years. SmartSuite's cloud-based platform allows real-time management of energy performance.

Kontrol Technologies Corp. (OTCQB:KNRLF) announced its selection to provide its SmartSuite energy management technology in three buildings across over 330,000 square feet in Ontario. The installations, set to complete in Q4 2021, are expected to yield approximately 2.88 million kilowatt-hours in energy savings and reduce GHG emissions by about 2,000 tonnes over ten years. This partnership with Skyline Group allows Kontrol to tap into the significant North American multi-residential market, enhancing its carbon credit monetization platform.