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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

Comment by Mostlyseriouson Nov 19, 2022 12:33pm
197 Views
Post# 35112655

RE:RE:NR - Corporate update

RE:RE:NR - Corporate updateWell, on Nov 14 they let us know about the covenant breach at Sep 30 and that they are in discussions with the lender. On Nov 18 they let us know they are still working on it. I figure we should get another update on Tuesday and every few days thereafter to keep us informed that they are working on it, until an agreement to the solution is reached. Gotta make sure we are informed that they are working on something that is so critically important. Good thing, low level of effort for the news release, just change the date.
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