KONTROL TECHNOLOGIES CORP - KNRLF STOCK NEWS

Kontrol Technologies Corp. (OTCQB: KNRLF) announced an increase in its consolidated revenue order book to $160 million as of September 15, 2021. The company is also quoting over $25 million in new potential revenue opportunities. CEO Paul Ghezzi emphasized ongoing growth and record revenues in August, indicating strong activity across their operational platform. The partnership with Steelcase for air quality monitoring technology remains on track for a September 2021 launch.

Kontrol Technologies Corp. (OTCQB: KNRLF) announced a record revenue of $6.5 million for August 2021, marking its highest revenue month ever. This growth was attributed to strong organic growth and a recent acquisition. The company is focused on expanding its market share in the smart buildings sector and driving future growth through innovation. Additionally, Kontrol is set to launch a new carbon credit platform and continues to enhance its recurring revenue streams. Financial results for Q3 will be released on November 15, 2021.

Kontrol Technologies Corp. (OTCQB: KNRLF) is expanding its BioCloud technology into Australia, France, Belgium, Turkey, and Germany. The new software update enhances the platform's user interface and data functionalities. CEO Paul Ghezzi emphasized the urgency for real-time air quality monitoring. The company is also working on extending its technology for water infrastructure applications. Independent lab testing results have been positive and will be shared with government entities and prospective customers under NDA.

Kontrol Technologies Corp. has partnered with VfL Wolfsburg, a German professional soccer team, to implement its BioCloud technology in their training and club facilities. This partnership aims to enhance health and safety for athletes and staff, particularly as they prepare for the upcoming Champions League season. BioCloud, which monitors air quality for early viral detection, will join Wolfsburg as an official partner for the 2021-2022 season. This marks Kontrol's entry into European sports, showcasing its commitment to advancing safety in shared spaces.

Kontrol Technologies Corp. (KNRLF) reported an 83% revenue growth year-over-year, achieving $4.2 million in revenues for Q2 2021 and $7.5 million for the first half, a 49% increase compared to 2020. This marks the first positive net income in the company's history with net income of $178,135. The adjusted EBITDA surged 175% to $1.1 million. Kontrol anticipates a full year revenue forecast of $38 million for 2021, substantially up from $13 million in 2020, alongside a projected adjusted EBITDA of $3.7 million.

Steelcase (NYSE: SCS) has established an exclusive agreement with Kontrol Technologies Corp (NEO: KNR, OTCQB: KNRLF) to deploy Kontrol BioCloud® viral detection technology in the U.S. and Canada. This partnership enables Steelcase to provide its clients with real-time monitoring of airborne pathogens, including SARS-CoV-2. The technology samples air continuously and alerts workplace leaders upon detecting a virus. Starting early September, BioCloud will be accessible exclusively through Steelcase's dealer network, enhancing workplace safety and addressing growing employee health concerns.

Steelcase (NYSE: SCS) has announced an exclusive agreement with Kontrol Technologies Corp (OTCQB: KNRLF) to introduce the Kontrol BioCloud® technology for airborne pathogen detection in workplaces across the U.S. and Canada. This partnership enables real-time monitoring of pathogens like SARS-CoV-2, aiming to enhance safety as organizations resume office operations. The BioCloud technology samples air continuously, immediately notifying employers of any detected viruses. Starting September, this innovative technology will be accessible exclusively through Steelcase's dealer network.

Kontrol Technologies Corp. (KNRLF, NEO: KNR) will announce its financial results for the six months ending June 30, 2021, on August 16, 2021, after market close. The complete financial statements and management analysis will also be filed on SEDAR. A conference call will follow at 4:30 PM EST on the same day, led by CEO Paul Ghezzi and CFO Claudio Del Vasto. Interested parties can join via provided contact details. Kontrol Technologies focuses on smart building solutions utilizing IoT, Cloud, and SaaS technologies.

Kontrol Technologies Corp. (OTCQB: KNRLF) will present at the Sidoti Microcap Conference on August 19, 2021, at 9:15 AM ET. The company, a leader in smart buildings through IoT and SaaS technology, aims to showcase its innovations during a virtual presentation.

CEO Paul Ghezzi will also engage in virtual one-on-one meetings during the event. For more information and to schedule meetings, visit the conference's registration page.