Kontrol Technologies Corp KNRLF

Primary Symbol: N.KNR

Utilities Software - Application Utilities - Independent Power Producers

Kontrol Technologies Corp. is a Canadian company, which is engaged in smart buildings and cities through Internet of things (IoT), cloud and software as a service (SaaS) technology. The Company provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings. It aggregates data generated by IoT devices in cloud-based management and analytics services. This allows remote devices to be monitored and controlled by facilities managers via smartphones and tablets. The Company has collected and analyzed approximately 15 billion data records across various buildings. It is developing a suite of IOT devices, including the Smart EMS and various related sensors to connect buildings and make them intelligent. It provides in-suite building automation solutions and can be integrated into existing building automation systems.

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Kontrol Technologies Corp > NR - Corporate update

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Comment by Mostlyseriouson Nov 19, 2022 12:33pm

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RE:RE:NR - Corporate update

Well, 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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