Kontrol Technologies Wins Multiple City Customers for Building Decarbonization; Accelerates Bitcoin on the Balance Sheet Strategy

TORONTO — Kontrol Technologies Corp. ( NEO:KNR) ( OTCQB:KNRLF) ( FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company”) operates a sustainable buildings platform for customers including REITS, municipalities, property managers and industrial and commercial buildings.

Kontrol is pleased to announce the addition of multiple new City customers (the customers) following the completion of multiple successful RFPs (request for proposals). Kontrol was able to win the opportunities by competing against larger organizations. Kontrol will be providing its sustainability solutions to multiple buildings across the customer portfolios.

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“Our sustainability expertise and solutions continue to gain new customers and a growing presence in the markets of sustainability and decarbonization of buildings,” says Paul Ghezzi, CEO of Kontrol. “Our goal is to expand each of these customer relationships over time and grow the number of buildings we provide solutions to.”

Following the press release dated November 8^th, 2024, the Company has accelerated its bitcoin on balance sheet strategy and now holds approximately $3 Million CAD in bitcoin or bitcoin related proxies on its balance sheet.

The Company has no long term secured debt, is generating interest income from its treasury holdings and has sufficient capital on hand to execute on its mergers and acquisitions strategy as previously disclosed in the press release dated October 29, 2024.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

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However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company’s product and service offering as expected; the ability to expand with existing customers, the ability to complete company acquisitions, the bitcoin on balance sheet strategy, the ability to return to profitability in 2025 and government and regulatory factors impacting the energy conservation and sustainability industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241115748915/en/

Contacts

Kontrol Technologies Corp.
Paul Ghezzi, CEO
[email protected]
11 Cidermill Avenue, Suite 201
Vaughan, ON L4K 4B6
Tel: (905) 766.0400

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