Kontrol Technologies Corp. reports developments tied to smart buildings, building services, and energy efficiency solutions. The Canadian public company provides integrated HVAC, building automation, and energy management services for commercial, industrial, multi-residential, and residential properties, with recent activity centered on Ontario and broader Canadian building markets.
Recurring company news includes financial results filed in Canada, project awards with building owners, customer-base expansion, acquisition criteria for HVAC and related service businesses, and capital actions such as its completed normal course issuer bid. Governance updates include annual meeting voting results, auditor appointment, director elections, and share compensation plan matters. Kontrol has also described its operating focus after the completed sale of the operational net assets of CEM Specialties Inc.
Kontrol Energy Corp. (CSE:KNR, OTCQB:KNRLF) has engaged sagecomm, a marketing communications firm, to promote its Kontrol BioCloud technology. This real-time analyzer detects airborne viruses and is intended for various communal settings. CEO Paul Ghezzi stated that the timing is right to broaden the BioCloud narrative. Despite the positive sentiment, the company has not made claims about the product's efficacy against COVID-19. Kontrol has a history of growth, being recognized as one of Canada's fastest-growing firms in recent years.
Kontrol Energy Corp. (CSE:KNR, OTCQB:KNRLF) has provided an update on its Kontrol BioCloud technology, a real-time analyzer aimed at detecting airborne viruses, including COVID-19. Lab testing since August 31, 2020, shows consistent positive results with its prototype. Live COVID-19 testing is rescheduled for September 8, 2020, and five functioning BioCloud units are expected soon. The technology targets areas with high foot traffic and is positioned for commercialization, although the company does not claim to eliminate or cure COVID-19.
Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF) announced its financial results for the six months ending June 30, 2020. The company reported Q2 revenue of $2.27M, down from $3.91M in Q2 2019, with a net loss of $437K. Despite challenges from COVID-19, Kontrol maintained positive EBITDA and cash flow. The acquisition of New Found Air aims to expand its customer base. Kontrol is also advancing its BioCloud technology for COVID-19 detection, with aims for commercial availability in 2020.
The company’s cash position stands at approximately $1.8M.
Kontrol Energy Corp. (OTCQB: KNRLF) has announced it will release its Q2 2020 financial results on August 31, 2020, at 4:30 PM ET. The call will be led by CEO Paul Ghezzi and CFO Claudio Del Vasto and will last 60 minutes. This release marks an important update for investors as the company is focused on energy efficiency through IoT, Cloud, and SaaS technologies. Kontrol aims to reduce energy costs and greenhouse gas emissions for its clients, highlighting its growth strategy and market positioning in the energy sector.
Kontrol Energy Corp. announced positive lab results for its Kontrol BioCloud technology, a prototype designed to detect airborne viruses, including COVID-19. The prototype showcased effective real-time detection capabilities during controlled tests, marking a significant milestone for the company. Kontrol plans to begin testing against live COVID-19 virus soon and aims for commercialization thereafter, with anticipated pricing around $12,000 per unit. The technology also exhibits potential for detecting other airborne viruses. Kontrol is self-funding its BioCloud development without external capital raises.
Kontrol Energy Corp. (OTCQB:KNRLF) announced that CEO Paul Ghezzi will present at the LD 500 investor conference on September 3, 2020. During the conference, Ghezzi plans to discuss the company's innovative BioCloud technology, aimed at detecting COVID in the air amid rising concerns about virus transmission indoors. The company has secured government funding and achieved positive lab results for BioCloud development. The LD 500 conference runs from September 1-4, 2020, addressing energy waste and air quality issues, highlighting Kontrol's commitment to environmentally friendly solutions.