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Kontrol Technologies Corp N.KNR

Alternate Symbol(s):  KNRLF

Kontrol Technologies Corp. is a provider of energy management, continuous air quality and emission solutions to commercial and industrial consumers. It delivers building intelligence through the Internet of things (IoT), software and cloud technology as well as project integration. Its smart technology is deployed to customers through a cloud-based interface accessible on desktops and mobile devices. It collects real-time and historical data using IoT sensors and direct connection to industrial control systems, bringing various sources of asset performance data into the cloud where smart-learning software is applied to optimize performance. The Company, through CEM Specialties Inc., offers turn-key emission monitoring equipment, integration design, manufacturing, service, repairs, and on-site performance certification testing. It offers building heating, ventilation, and air conditioning integration, automation and retrofits to enhance the energy efficiency of buildings and facilities.


NEO:KNR - Post by User

Post by wildbird1on Dec 04, 2020 8:50am
301 Views
Post# 32035660

Initial sale of units...

Initial sale of units...PressRelease Dec 3, 2020...
Kontrol said (Quote) " The company has commenced initial production of Biocloud units for delivery in approximately 5 to 6 weeks, initial delivery include "Sale of units to distributors and Kontrol customers" (End of Quote).
The big word here is ...Initial delivery include "Sale of units" to distributors and Kontrol customers. It does seem to imply that those units are already sold to distributors and customers.

In the Sept 10, 2020 PressRelease Kontrol said " Kontrol is planning for up to 20000 units per month (5000 a week).
In the Dec 3, 2020 Quote it does say that it will take 5 to 6 weeks for initial "Sale of Units" to be completed.
Let's cut the production by 50%, 2500 units a week = 15000 units already sold to distributors and customers.

Not bad for an initial "Sale of Units" to distributors and customers.

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