Kontrol Technologies Corp Stock Price, News & Analysis

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.

Kontrol Technologies Corp. (OTCQB: KNRLF) has filed a preliminary base shelf prospectus allowing it to offer up to $20 million in various securities. This move aims to provide the company with financing flexibility in favorable market conditions over a 25-month period. The specific terms of any future offerings will be defined at the time they occur, with detailed information available in subsequent prospectus supplements. A copy of the prospectus is accessible on SEDAR.

Kontrol Technologies Corp. is expanding into the Quebec demand response energy market, utilizing its SmartSuite technology to offer a superior solution for energy management in commercial and multi-residential buildings. The demand response market in North America is projected to rise significantly, with a predicted size of USD 75.53 billion by 2030, growing at a CAGR of 14.2% from 2020-2030. The company's approach includes integration with utility programs to incentivize energy savings and operational efficiency, aiming to enhance utility grid optimization and reduce greenhouse gas emissions.

Kontrol Technologies Corp. (OTCQB:KNRLF) reports increased shipments of its BioCloud units to a global technology company with annual revenues of approximately $7 billion. This collaboration follows a non-disclosure agreement (NDA) and technology review completed in Q3 2021. The partnership signifies Kontrol's growing presence and application of its BioCloud technology, which detects airborne viruses. Additionally, Kontrol has entered into another NDA with a USA-based covid testing company to evaluate BioCloud for municipal applications.