KONTROL TECHNOLOGIES CORP - KNRLF STOCK NEWS

Kontrol Technologies Corp. (KNRLF) announced an initial BioCloud order following a Memorandum of Understanding with a global HVAC company on September 21, 2021. The HVAC company, part of a large industrial conglomerate, has over 30,000 global distributors. Kontrol plans to finalize a distribution agreement and explore international manufacturing opportunities. Additionally, the company will showcase BioCloud technology to U.S. military officials on October 11, 2021. The launch of a carbon credit platform is receiving favorable market feedback as Kontrol expands its reach in Canada and the Eastern U.S.

Kontrol Technologies Corp. (OTCQB:KNRLF) announced the launch of a carbon credit monetization program aimed at accelerating the shift to net zero emissions. This initiative seeks to monetize verifiable energy savings from energy efficiency projects, contributing to greenhouse gas reductions. The program targets the carbon offset market, projected to exceed $50 billion by 2030, driven by corporate sustainability goals and increasing consumer demand for transparency. The company's proprietary technology will establish carbon credits tied to energy savings over a 10-year period.

Kontrol Technologies Corp. (NEO: KNR, OTCQB: KNRLF) announced a Memorandum of Understanding (MOU) with a leading global HVAC company to negotiate distribution and potential manufacturing of its BioCloud technology outside Canada. The HVAC partner is part of a conglomerate with annual revenues of approximately $30 billion and over 30,000 global distributors. The partnership aims to enhance international distribution strategies and explore service offerings, contributing to Kontrol's growth in air quality technology.

Kontrol Technologies Corp. (OTCQB: KNRLF, NEO: KNR) has announced its participation in the Alliance Global Partners Virtual Energy Conference on September 21, 2021. CEO Paul Ghezzi will engage in one-on-one meetings with investors throughout the day. Kontrol Technologies, a leader in smart building solutions, specializes in IoT, Cloud, and SaaS technology aimed at enhancing energy management and air quality. Interested parties can request individual meetings through A.G.P. or by contacting agpevents@allianceg.com.

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.