Kontrol Technologies Corp N.KNR

Kontrol Receives Ontario Funding

[wilander]

Kontrol 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.

[wilander]

I really like the last part. They are clearly developing the tech further and further. "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

[LivingTheDream1]

Good News. Will look at adding to my position around $0.90.

[wilander]

More validation for the company and its capability to produce Biocloud on a large scale. Impatiently waiting now for HC to give its seal of approval. Once that happens the floodgates will hopefully open and the sales we have been waiting for should begin to materialize shortly thereafter , making the production capacity validated. Very exciting days ahead. GLTAL

[Edcando]

Agreed! The news has been payed out for us whether the market has paid attention or not. IMO the only thing that's changed is the timeline. Still believe we will get a run up before HC results and if they are postive I see a great future here. 

[Rogg47]

ohhhhh sounds like you you gave up on your $3 prediction!! Loll 

[canyousayiii]

Reality slapping them in the face. I called this news a non-event long time ago and even this morning. I was called an idiot and we closed up 2 pennies on it on a measly just over 100k shares on Canadian exchanges. Easy call to make because the narrative behind its meaning changed, and as we suspected, it is not tied to the 20,000 monthly production. I am just waiting to see when all those

[Edcando]

Bwahahaha what?! No it sounds like you just quoted my $3 (don't forget the possible "+") prediction. Literally "still believe we will get a run up before HC results (the run up in my belief to around $3 or maybe a little more).  It's not a pump or a promise . It's exactly an aipinion based prediction like I clearly explained where I compared it to a bio company

[canyousayiii]

Edcando, did you ever think about tailoring your expectations more based on the actual play you are trying to predict rather than looking for proxies? If you did, I think you would come to the conclusion that there will be no meaningful run up prior to the HC results (now potentially coming in any day), let alone calling for the price to be more than three times the today's level. Funny that