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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 wilanderon Jul 14, 2021 8:40am
204 Views
Post# 33541349

Kontrol Receives Ontario Funding

Kontrol Receives Ontario FundingKontrol Technologies Receives Final $800K from Ontario Together Fund for its BioCloud Technology, July 14, 2021 /CNW/ - Kontrol Technologies Corp. (NEO: KNR) (OTCQB: KNRLF) (FSE: 1K8) ("Kontrol" or the "Company"), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, is pleased to announce that through its wholly owned operating subsidiary CEM Specialties Inc. ("CEMSI"), it has received the final $800K in funding from the Ontario Together Fund for its BioCloud technology. Ontario Together Fund Following the initial receipt of $1.2 Million from the Ontario Together Fund in February of 2021, Kontrol, through its operating subsidiary CEM Specialties Inc., has completed the required conditions precedent and has received the final balance of $800K. The total received from the Ontario Together Fund is $2 Million. "We are pleased to finalize the funding requirements for the Ontario Together Fund and continue to add to our BioCloud technology innovation," says Paul Ghezzi, CEO of Kontrol Technologies Corp. "As governments move to re-open the economy, many businesses are gearing up to have their employees and customers return to office, retail, and entertainment environments. Real-time airquality monitoring and early viral and pathogen detection plays an important role in ensuring employee and customer peace of mind to help encourage a full return to normal everyday life." Additional Innovation for Air Quality and Safer Spaces Based on the current BioCloud technology which provides for early detection of Covid-19 and other viral pathogens, Kontrol has integrated new sensor capabilities to measure overall air and environmental quality. These include sensors for volatile organic compounds,particulate matter, humidity, C02, air velocity, differential pressure and more. Customers who want to ensure that all aspects of air quality in their environments are safe, can now rely on Kontrol BioCloud for turn-key access to a complete suite of real-time monitoring, detection, measurement, data and analytics.
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