KONTROL TECHNOLOGIES CORP - KNRLF STOCK NEWS

Kontrol Technologies Corp.

announced the issuance of its first patent for the Kontrol BioCloud technology, which enhances its smart building solutions. The U.S. patent (11,619,571) relates to an Air Sampling System designed for air quality monitoring, specifically featuring advanced components for liquid water condensation and optical detection. CEO Paul Ghezzi emphasized this achievement as a vital milestone in their technology platform, highlighting ongoing efforts for additional patent applications to boost their offerings. Kontrol Technologies, a leader in IoT and SaaS solutions for smart buildings, aims to enhance sustainability and energy management.

Kontrol Technologies Corp. will report its Fiscal Year End 2022 financial results as of December 31, 2022, on March 31, 2023. A complete set of Financial Statements and Management's Discussion & Analysis will be filed on SEDAR on the same date. A conference call hosted by CEO Paul Ghezzi and CFO Claudio Del Vasto will detail the results at 4:30 PM Eastern on the same day. Participants are encouraged to connect five minutes early. After the call, a replay will be available until April 7, 2023, using entry code 651919 #.

Kontrol Technologies Corp. (OTCQB:KNRLF) has been selected by a Fortune 100 Customer for energy monitoring and facility optimization across 1.6 million square feet. This project, starting in early Q2 2023, will generate monthly recurring revenues for Kontrol as it implements its technology platform to enhance energy efficiency and reduce greenhouse gas emissions. The Customer, a leader in the energy services sector, operates globally with about $40 billion in annual revenue, emphasizing its significant market presence. The partnership aims to achieve sustainability goals through optimized building operations.

Kontrol Technologies Corp. (NEO:KNR, OTCQB:KNRLF) has introduced its High-Temperature Dry Kiln Probe technology targeting the cement industry, receiving government funding for its launch. The company aims to test this innovation with one of the largest cement firms globally in Ontario, Canada, with a pilot starting in Q2 2023. Key benefits include reducing power consumption by 83%, installation footprint by 90%, and capital costs by about 50%. This technology is crucial for enhancing emissions monitoring, thereby addressing greenhouse gas (GHG) emissions, one of the major environmental challenges faced by cement plants.