KONTROL TECHNOLOGIES CORP - KNRLF STOCK NEWS

Kontrol Technologies Corp. (OTCQB: KNRLF) has launched Kontrol Carbon, a solution aimed at assisting commercial and industrial clients with GHG emission monitoring, management, and carbon credit monetization. CEO Paul Ghezzi highlighted the growing customer interest in GHG regulations and emissions reduction. The new brand will offer services including GHG verification and carbon offsets. Additionally, Kontrol has been selected by a USA REIT for an energy management solution, utilizing its SmartSuite technology by June 2022. Ian Colquhoun joins as Director of GHG Emissions.

Kontrol Technologies Corp. (OTCQB:KNRLF) announced its participation in the Maxim Group 2022 Virtual Growth Conference from March 28-30, 2022. CEO Paul Ghezzi will present on March 28 at 9:00 a.m. ET. The presentation will be accessible until 5:30 p.m. ET on March 30. Registration is necessary for participation through this link.

Kontrol Technologies Corp. (OTCQB:KNRLF) has successfully shipped its BioCloud technology to a new customer in Hong Kong, focusing on air quality solutions. Additionally, a testing partner has completed its first purchase of BioCloud technology. Kontrol is set to commence a pilot study of BioCloud for classroom use in the USA, expected to start in early Q2 2022. Notably, the company clarifies that its product does not claim to eliminate or cure COVID-19.

Kontrol Technologies Corp. (OTCQB:KNRLF) has secured a $9.7 Million HVAC and Automation project for a new high-rise building in the Greater Toronto Area. This project, awarded to its subsidiary Global HVAC and Automation, is part of Kontrol's broader strategy to expand its capabilities in energy-efficient solutions. A Letter of Intent has been signed, with the contract expected to finalize in Q2 2022, and project commencement slated for Q3 2022, expected to conclude in Q4 2023. The company aims to enhance its recurring revenue through integrated building technology.

Kontrol Technologies Corp. (OTCQB:KNRLF) has successfully completed initial testing of its BioCloud technology in Japan, achieving positive detection of the influenza virus. This technology aims to automate laboratory processes for real-time monitoring of air quality and early viral detection. The initial results indicate that the BioCloud system effectively captured aerosolized influenza virus. The company emphasizes its commitment to enhancing safety in public spaces through advanced air quality monitoring solutions.

Kontrol Technologies Corp. (NEO:KNR, OTCQB:KNRLF) is expanding its software platform into 11 commercial buildings, totaling 2,750,000 square feet. This deployment, part of a growth strategy, enhances real-time energy management for an established Canadian REIT with $10 billion in assets. CEO Paul Ghezzi highlights that this technology can improve operational efficiency as energy costs rise. The company also announced the departure of Chief Revenue Officer Joseph Gallo, with no immediate replacement planned.

Kontrol Technologies Corp. (OTCQB:KNRLF) is expanding its BioCloud technology into Japan through a partnership with a seasoned trading company specializing in HVAC systems. This collaboration aims to finalize a distribution agreement by February 2022, enhancing Kontrol's global footprint. Furthermore, the company provided an update on ongoing performance testing of BioCloud technology, emphasizing its real-time detection capabilities for airborne viruses, including SARS-CoV-2. However, the company clarifies that its product is not a medical device and does not claim to eliminate COVID-19.

Kontrol Technologies Corp. (OTCQB:KNRLF) is expanding its BioCloud technology footprint by shipping units to distributors in Qatar and the Czech Republic. This move follows the anticipated completion of Health Canada testing by January or February 2022. Additionally, performance testing at the University of Western Ontario will yield results on January 10, 2022, showcasing the BioCloud's capabilities in detecting the SARS-CoV-2 virus. The company aims to enhance air quality monitoring and strengthen brand recognition.

Kontrol Technologies Corp. achieved a monthly record of approximately $23 million in new request for quotations in December 2021. This growth positions the company for substantial growth into 2022, with over $35 million in potential revenue opportunities. Strategic initiatives for 2022 include uplisting to a major US stock exchange and expanding energy management technologies across North America.