Kontrol Technologies Corp Stock Price, News & Analysis

Kontrol Technologies Corp. (OTCQB:KNRLF) will release its financial results for the nine months ending September 30, 2021, on November 15, 2021, after market close. A complete set of interim Financial Statements and Management's Discussion & Analysis will be available on SEDAR on the filing date. CEO Paul Ghezzi and CFO Claudio Del Vasto will host a conference call at 4:30 PM EST on the same day to discuss the results. Interested participants can access the call through the provided link and numbers.

Kontrol Technologies Corp. (OTCQB: KNRLF) has enhanced its SmartSuite energy management technology, integrating it with natural gas and hydronic heating sources to help customers reduce energy waste and greenhouse gas emissions. The technology offers a typical payback of under 3 years due to energy savings. With potential installations in 600 buildings, the company predicts up to 300 million kilowatt hours in energy savings and 400,000 tonnes of GHG reductions over three years. SmartSuite's cloud-based platform allows real-time management of energy performance.

Kontrol Technologies Corp. (OTCQB:KNRLF) announced its selection to provide its SmartSuite energy management technology in three buildings across over 330,000 square feet in Ontario. The installations, set to complete in Q4 2021, are expected to yield approximately 2.88 million kilowatt-hours in energy savings and reduce GHG emissions by about 2,000 tonnes over ten years. This partnership with Skyline Group allows Kontrol to tap into the significant North American multi-residential market, enhancing its carbon credit monetization platform.

Kontrol Technologies Corp. (OTCQB:KNRLF) has announced preliminary Q3 2021 revenues of $18.0 million, a stunning increase of approximately 500% from $3.0 million in Q3 2020. This growth is attributed to the expansion of its operating platform and recent acquisition of Global HVAC and Automation. The company maintains its 2021 revenue outlook at $38 million and anticipates a 2022 revenue range between $85 million and $90 million. Final financial results will be disclosed in mid-November 2021.

Kontrol Technologies Corp. (OTCQB:KNRLF) is enhancing its building automation solutions by entering the water conservation market. This strategy aims to capture market share and offer a unified platform for managing energy and water resources. Following the acquisition of Global HVAC and Automation, Kontrol will integrate smart meters and sensors into its SmartSite platform, providing real-time data for efficiency and leak prevention. The initiative focuses on generating recurring revenues through software and services, catering to both new constructions and retrofits.

Kontrol Technologies Corp. (OTCQB: KNRLF) announced positive outcomes from its Annual General Meeting held on September 30, 2021. Shareholders approved all items presented by the Board, including the election of Joseph Ragusa as an independent Board member, bringing the total to seven directors. Additionally, the Company transitioned Kristian Lavereau from COO to Director of Smart Building Technologies, focusing on product management and innovation. Financial statements for the year ending December 31, 2020, were also reviewed.

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.