Kontrol Technologies Corp Stock Price, News & Analysis

Kontrol Technologies Corp. (KNRLF) has been selected by the Sarnia Sting, an Ontario Junior Hockey team, to implement its BioCloud technology in training facilities and locker rooms. This real-time air quality and viral monitoring solution aims to enhance health and safety by detecting airborne pathogens, including viruses like Covid-19. CEO Paul Ghezzi emphasized the growing interest in BioCloud technology, supporting safer spaces for athletes. This partnership reflects Kontrol's continued expansion in the sports sector and highlights the importance of health protocols in athletic environments.

Kontrol Technologies Corp. (NEO: KNR, OTCQB: KNRLF) will host a shareholder update presentation on August 5, 2021, at 12:00 p.m. Eastern Time. CEO Paul Ghezzi will discuss the company’s solutions, business model, and growth initiatives. To join the webinar, use the dial-in number 1-877-407-9208 or access via the provided webcast link. A replay will be available post-webinar until September 5, 2021. Kontrol Technologies specializes in smart building technologies through IoT, Cloud, and SaaS, focusing on energy management and emission monitoring.

Kontrol Technologies Corp. (KNRLF) announced the receipt of $800K in funding from the Ontario Together Fund, completing a total of $2 Million secured for its BioCloud technology. This funding will enhance real-time air quality monitoring and pathogen detection as businesses prepare for reopening. The BioCloud system is designed to monitor various air quality parameters, supporting safe work and public spaces. CEO Paul Ghezzi emphasized the importance of air quality in ensuring peace of mind for employees and customers alike.

Kontrol Technologies Corp. (OTCQB: KNRLF) announced a purchase agreement to acquire a leading building solutions company for $6.75 million, enhancing its operations in smart buildings and cities. The Acquisition Company has audited revenues of $43 million in 2020 and a contracted order book of $120 million over three years, with a growth rate exceeding 20%. The deal includes $3.25 million in cash and $3.5 million as vendor take back financing. This acquisition aims to generate synergies, enhance recurring revenue, and create long-term shareholder value.

Kontrol Technologies Corp. has established a sales channel into U.S. Government procurement via the NIH CIO-CS GWAC, allowing government agencies to acquire its products. CEO Paul Ghezzi highlighted that this streamlines procurement processes for their technologies, which focus on environmental monitoring and energy efficiency. Currently, products like Kontrol BioCloud units and SmartSuite are available for purchase through this channel. The company aims to serve federal agencies as the U.S. prioritizes safe indoor environments and energy waste reduction.

Kontrol Technologies Corp. (OTCQB:KNRLF) announced its partnership with Enterprise, a public relations firm, to enhance its media presence in Canada. CEO Paul Ghezzi highlighted the importance of their smart building technology in creating healthier environments, especially as the economy reopens. The collaboration aims to boost brand awareness around Kontrol's offerings in energy efficiency and emission monitoring. Enterprise aims to leverage its expertise in storytelling to effectively communicate Kontrol's narrative during this critical period.

Kontrol Technologies Corp. has secured a $450,000 contract through its subsidiary, CEM Specialties Inc., for continuous emission monitoring systems from a new oil and gas customer in Kuwait. This deal marks an expansion into the $2.5 billion global emission monitoring market, enhancing Kontrol's footprint in the Middle East. The systems are set for delivery in Q3 2021, tailored to meet stringent regulatory demands for monitoring emissions. CEO Paul Ghezzi highlights this order as a testament to the company’s capacity to deploy advanced environmental technologies in significant energy markets.

Kontrol Technologies Corp. (NEO: KNR) announced its delivery of five BioCloud units to the Canadian Olympic Committee for real-time viral detection, enhancing Team Canada's health and safety during the Tokyo 2020 Olympic Games. BioCloud is a real-time air analyzer designed to detect airborne pathogens, ensuring safe spaces for athletes. Additionally, Kontrol is donating extra units to further support the initiative. BioCloud is not a medical device, and the company does not claim it can eliminate COVID-19.

Kontrol Technologies Corp. has engaged MZ Group for a strategic investor relations and financial communications program aimed at enhancing visibility in the investment community. The collaboration will focus on highlighting Kontrol's leadership in digital transformation for smart buildings, utilizing their proprietary technologies like BioCloud. MZ Group will support capital market strategies, coordinate roadshows, and build brand awareness. The engagement is valued at US$10,000 per month for 12 months. Kontrol aims to capitalize on opportunities in energy efficiency and sustainability management.