Faith Good Afternoon One & All,
The following are recent news clips of KNR & their progress.
Concerning Paul G & his team, one can see they are executing to plan. That involves long hours, hard work and does reflect their successes to date, and IMO will continue to do so far into the future.
I see no change in their plan to go Blue Chip. I've done my DD, and my faith is they will succeed as their recent work performances have proved out.
IMO, Maintaining the faith & staying Patient & Long will make a world of difference in the weeks/months/qtrs ahead.
Enjoy the news of most recent times as follows:
TORONTO, ON / September 23, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol" or "Company") is pleased to provide a corporate update. "Our team at Kontrol has been very busy since the completion of pre-commercialization testing through the independent labs," says Paul Ghezzi, CEO of Kontrol. "We have now moved to the commercialization phase for the Kontrol BioCloud® analyzer ("BioCloud analyzer" or "BioCloud") which includes further lab testing to establish the lower detection limits. In addition, we are pleased to share that BioCloud is receiving interest from potential customers and distribution partners and we are selecting key suppliers for commercialization. We are in discussions with provincial and federal government entities regarding contributions to commercialization funding and potential future procurement. Our internal goal is to have BioCloud units commercially available in November 2020."
Commercialization of BioCloud
As part of BioCloud's commercialization plans, Kontrol will provide lower detection limits and operating specifications for the analyzer. Initial expectations, based on lab testing completed to date, is that BioCloud will be effective in small to medium space settings with 3 or more people, and therefore would be suitable for applications in many environments such as classrooms, offices, airplanes, trains, buses, long-term care facilities and hospitals.
Like all electrical products, BioCloud is required to operate with a CSA approval in Canada. The Company is in the process of seeking CSA approvals as part of commercialization. CSA is a leader in Standards Development and in Testing, Inspection and Certification around the world including Canada, the U.S., Europe and Asia. The CSA registered mark shows that a product has been independently tested and certified to meet recognized standards for safety or performance. The Company has a long history of success in achieving CSA approvals in our established continuous emissions business.
Operating Subsidiaries, Trademarks and Patents
Kontrol BioCloud Inc., which was recently incorporated, is a wholly owned subsidiary of Kontrol, and will be the primary sales and marketing entity for BioCloud. CEM Specialties Inc. ("CEMSI"), also a wholly owned operating subsidiary of Kontrol, will be the primary research, development, and integration entity for BioCloud.
Kontrol has commenced the trademark of the term Safe Space Technology and has initiated the patent registration for its intellectual property related to BioCloud.
Securing Supply Chain
Kontrol has selected a number of suppliers that will form part of BioCloud supply chain, and we will be announcing those names in the coming weeks, following the issuance of applicable purchase orders.
"While we are not making any claims about revenue at this time, we are building our global supply chain with the goal of being able to supply the market with up to 20,000 units per month," says Gary Saunders VP of Kontrol. "We plan to have this substantially completed over the coming weeks."
Strengthened Balance Sheet and Discussions for Additional Government Funding
As of September 22, 2020, the Company has received approximately $1 Million in cash from the exercise of common share options and warrants which has strengthened Kontrol's balance sheet to advance BioCloud's commercialization.
TORONTO, ON / October 29, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol" or "Company") is pleased to provide an update on its Kontrol BioCloud (or "BioCloud") technology. As initially referenced in the press release from September 10, 2020 Kontrol is providing an update on lower detection limits and commercialization.
Lower Detection Limit
"We are pleased to continue to advance towards production of BioCloud units in November," says Paul Ghezzi, CEO Kontrol. "The lower detection limit is an important benchmark to provide potential customers with the operating sensitivity of BioCloud."
As part of its commercialization of the BioCloud technology, Kontrol has currently established a lower detection limit of 50 SARs-COV-2 virus particles. This represents a sufficient sensitivity to the SARS COV-2 virus for commercialization.
The determination of lower detection limit was tested under independent laboratory conditions over multiple tests. The BioCloud virus collector was exposed to live SARs-COV-2 virus (virus that causes COVID-19) at multiple levels of virus ranging from 10,000, 5,000, 1,000, 100, 50 and 5 viruses. These tests were conducted multiple times to ensure repeatability of the response, and under laboratory conditions the detection of the live SARs-COV-2 virus was repeatably identified at 50 virus particles.
Commercialization
Based on feedback from potential customers and potential distribution channels Kontrol is seeking multiple certifications concurrently to meet regional requirements. These include CSA, CE and UL. CSA is a Canadian certification; CE mainly applies to European electronic products and UL is typically required in the USA.
Balance Sheet
Kontrol currently has approximately $3.0 Million of cash on hand as of October 28th, 2020 and has sufficient resources to complete the commercialization of BioCloud.
National Research Council of Canada
Kontrol has submitted all of its required research and files for potential National Research Council of Canada funding.
TORONTO, ON - November 5, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol" or "Company") is pleased to announce that it has received CSA standards approval for its BioCloud® technology.
"This is another important milestone for Kontrol and represents the continuing advancement of the BioCloud® technology," says Paul Ghezzi, CEO Kontrol. "CSA is a Canadian standard for safety and is also accepted in jurisdictions outside Canada. In addition to CSA we continue to work on other important regional certifications including UL and CE for the United States and European markets respectively."
2020-11-12 10:59 ET - News Release
Mr. Paul Ghezzi reports
KONTROL RECEIVES UL STANDARDS APPROVAL FOR BIOCLOUD TECHNOLOGY
Kontrol Energy Corp. has received UL (Underwriters Laboratories) standards approval for its BioCloud technology. As referenced in the press release dated Nov. 5, 2020, Kontrol has previously received CSA (Canadian Standards Association) standards approval and has now received UL standards approval.
"We continue to execute on the important milestones for commercialization of BioCloud," said Paul Ghezzi, chief executive officer of Kontrol. "With CSA and UL, we now have standards approval that covers Canada, the United States and various other global regions. We continue to work towards CE standards certification, which is primarily for the European market."
TORONTO, ON / November 18, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol" or "Company") is pleased to provide an update on its BioCloud technology development.
"Our team continues to execute on the vision to create and bring to market a safe space technology," says Paul Ghezzi, CEO of Kontrol.
Distribution Agreements
The Company intends to sell BioCloud directly to various potential customers. At the same time the Company is pursuing both exclusive and non-exclusive distribution channels for BioCloud sales. Kontrol is pleased to announce it has entered into two non-exclusive BioCloud distribution agreements. The distribution agreements cover Ontario and Saskatchewan.
The Company has also entered into discussions with various parties for potential industry exclusive distribution agreements which would require minimum unit quantity orders.
New Website
Kontrol has launched a new website for BioCloud. For more information please visit www.kontrolbiocloud.com.
Name Change
Kontrol Energy Corp. is in the process of changing its name to Kontrol Technologies Inc. The name change is anticipated to take place by the end of December 2020.
Cash on Hand
As of November 17, 2020, the Company has $3.8 Million of cash on hand.
---------------------------------
Their track record to date speaks volumes. Reasons why I've contined building my position in KNR. Faith ? I have a world of faith in management's continued successful business execution.
I am more than willing to wait long for the times required for the KNR team to continue addressing the complex tasks ahead.
Best of wishes to All, good health,
Sincerely,
Topseeker
P.S. Successful/Timely business executions is Paul G & his team's ' bread & butter ' that they do so very well. Many Thanks from a KNR Long. Topseeker