Kontrol Technologies Corp N.KNR

Expect an UAE Update next week!

[wilander]

Another article suggesting Kontrol with a new little nugget inside!   (This is put out by Equitry Insight don;t forget...they know EXACTLY whats going on behind the scenes.)

DIGITAL JOURNAL

Kontrol Energy (CSE: KNR) (OTCQB: KNRLF) recently launched its Covid-19 airborne detection device called the BioClolud Analyser. In 2020 the company achieved great strides as it surpassed three levels of testing with the National Research Council of Canada (NRC) achieving lower detection limits and received an additional $500,000 in funding from the NRC. During the week of December 13th 2020, KNR shipped one of its BioCloud analyzers to the United Arab Emirates (UAE) for field demonstration due to interest in the technology in the region. We expect that the company will update the market on its field demonstration in the UAE the week of January 11th, 2021.

 

In the coming weeks, KNR is set to complete its corporate name change to Kontrol Technologies Corp., which we believe may coincide with KNR’s anticipated application to uplist to the Toronto Stock Exchange (TSX). Following the successful listing to the TSX, KNR also plans to move its OTCQB listed security to the NASDAQ through a Form F-1 Registration Statement with the SEC.

 

On the Sales front, KNR announced on December 23rd 2020, that the company has received a $750,000 order for its continuous emissions business to a US manufacturing customer and 2 BioCloud units were ordered by one of Ontario’s largest electricity generators. The company also states that it has received 40 distribution orders with deliveries expected in January 2021. KNR also anticipates having approximately 30 regional distributors towards the end of Q1 2021. VP of KNR, Gary Saunders, stated “In a short period of time since the official launch of BioCloud in December we have received strong interest and numerous distribution requests”. Mr. Saunders also stated, “We envision many more agreements across the globe as we focus on growing the BioCloud business”. It should also be noted that KNR and its supply chain are deemed essential services and will continue to operate as current lockdowns have taken place due to the Covid-19 pandemic.

 

We believe that KNR is gearing up for an exciting start to 2021 with many catalysts set to take place in the coming weeks and months!

https://www.digitaljournal.com/tech-and-science/technology/2-companies-from-vaughan-on-set-to-distribute-covid-19-tech/article/583506