Kontrol Technologies Wins 9 New Buildings Under Multi-Year Service Agreements

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TORONTO — Kontrol Systems Corp. ( NEO:KNR) ( OTCQB:KNRLF) ( FSE:1K8) (“Kontrol”) a chief in wise building know-how, has been picked to present ongoing constructing power process management expert services to 9 new structures, beneath multi-yr services agreements, for 2 new industrial developing clients.

“We are pleased to continue on to insert new clients beneath our recurring earnings system and extend into 9 new structures,” stated Paul Ghezzi, CEO of Kontrol Technologies. “As electrical power costs keep on to rise, our provider and technology system provides genuine-time energy administration, monitoring and controls which can help run a extra successful creating.”

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Carbon Credit history Update

Next the push launch dated March 23, 2022, Kontrol intends to seek to monetize carbon credits from electricity effectiveness updates by the CSA Clean Jobs Registry https://www.csaregistries.ca/ For each individual strength performance job which supplies for a reduction in GHG emissions which can be quantified and confirmed, Kontrol will seek out to create a verified carbon credit rating. The preliminary SmartSuite project referenced in Kontrol’s October 29, 2021 push launch ( url) is envisioned to be completed by the end of May possibly 2022 and pursuing completion, Kontrol expects that it will be submitted for carbon credit score registration as component of Kontrol’s 2022 carbon credit history initiatives. To high-quality for the CSA Cleanse Assignments Registry impartial verification is needed subject to job overall performance.

About Kontrol Technologies Corp.

Kontrol Systems Corp., a Canadian community corporation, is a chief in wise properties and towns by IoT, Cloud and SaaS technological innovation. Kontrol gives options and providers to its consumers to increase electrical power management, check continuous emissions and accelerate the sustainability of all buildings.

Additional data about Kontrol Technologies Corp. can be located on its web site at www.kontrolcorp.com and by examining its profile on SEDAR at www.sedar.com

Neither IIROC nor any inventory trade or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this launch.

Forward-searching Statements

This news launch is made up of “forward-seeking information” in the indicating of relevant securities legal guidelines. All statements contained herein that are not clearly historical in nature may possibly represent ahead-on the lookout information. In some conditions, ahead-hunting information can be determined by text or phrases these types of as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the destructive of these terms, or other similar phrases, expressions, and grammatical variants thereof, or statements that particular occasions or conditions “may” or “will” take place, or by discussions of system. Forward-hunting statements in this press release include things like but are not restricted to: statements with respect to Kontrol’s future enterprise operations future carbon credits by the CSA Cleanse Tasks Registry and timing of completion of selected assignments.

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Where by Kontrol expresses or implies an expectation or belief as to long run gatherings or success, these types of expectation or perception is primarily based on assumptions built in good faith and believed to have a sensible foundation. These kinds of assumptions contain, with no limitation, that adequate funds will be out there to the Corporation the continuation of the CSA Clean up Jobs Registry that the Enterprise will be capable to finish ongoing jobs as at present anticipated or at all and that technology will be as effective as anticipated.

On the other hand, ahead-seeking statements are issue to threats, uncertainties, and other aspects, which could lead to genuine effects to differ materially from future results expressed, projected, or implied by these types of forward-searching statements. These kinds of hazards involve, but are not minimal to, that enough money and funding simply cannot be acquired on fair terms, or at all that the Company’s technologies will not show as effective as expected those buyers and possible prospects will not be as accepting of the Company’s product and support supplying as expected and federal government and regulatory components impacting the electricity conservation marketplace.

Look at resource version on businesswire.com: https://www.businesswire.com/information/dwelling/20220422005327/en/

Contacts

Kontrol Systems Corp.
Paul Ghezzi
CEO
[email protected]
180 Jardin Generate, Device 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400

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