TORONTO–(Business WIRE)–Kontrol Systems Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Corporation”), a leader in intelligent constructing technologies, is shipping and delivery BioCloud units to a international technologies company (the “Customer”), which operates in the subject of technological innovation testing and validation with approximate yearly revenues of $7 billion. Following the completion of an NDA and technologies evaluation in Q3 2021, BioCloud has been selected by the Purchaser for various applications.
“This is an additional chance which demonstrates our skill to catch the attention of global organizations to the BioCloud engineering system,” said Paul Ghezzi. “In a short period of time, we have captivated numerous companies that function with a global footprint and represent scaling likely for the BioCloud technological innovation across a wide variety of programs.”
Application Collaboration
Kontrol will function closely with its new Consumer to establish which programs are ideal suited for deployment and will supply even more updates on the new Consumer in the around upcoming. For market aggressive reasons the Consumer identify will not be disclosed.
Enters into NDA with United states-Dependent Enterprise for Technologies Sharing
Kontrol recently entered into a Non-Disclosure Agreement with a United states based mostly Covid testing and technological know-how firm, which is publicly traded on the NASDAQ current market, to assess the worth of the BioCloud technology in support of on-web-site fast tests areas in various municipal applications.
About Kontrol BioCloudTM
Kontrol BioCloud (“BioCloud”) is an operating subsidiary of Canadian community enterprise Kontrol Systems. The BioCloud technological know-how is a serious-time analyzer built to detect airborne viruses and pathogens. BioCloud is an air excellent technological innovation and not a clinical product. BioCloud has been created to function as a secure place engineering by sampling the air high quality consistently. With a proprietary detection chamber that can be changed as necessary, viruses are detected, and a silent notification system is designed. BioCloud can be used to any space the place folks gather which include lecture rooms, offices, retirement residences, hospitals, mass transportation and others. Additional facts about Kontrol BioCloud can be observed on its web site at www.kontrolbiocloud.com
Kontrol Systems Corp.
Kontrol Technologies Corp., a Canadian public organization, is a leader in wise buildings and cities via IoT, Cloud and SaaS technology. Kontrol offers a mix of program, components, and service options to its shoppers to increase electricity administration, air high-quality and steady emission monitoring.
Supplemental information and facts about Kontrol Systems Corp. can be identified on its site at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts duty for the adequacy or precision of this launch.
Ahead-Seeking Statements
This information release contains “forward-on the lookout information” within the meaning of applicable securities laws. All statements contained herein that are not plainly historic in mother nature could represent forward-on the lookout details. In some conditions, forward-looking information and facts can be determined by words and phrases 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 very similar phrases, expressions, and grammatical variants thereof, or statements that particular activities or conditions “may” or “will” occur, or by conversations of strategy.
Wherever Kontrol expresses or indicates an expectation or belief as to upcoming occasions or outcomes, this kind of expectation or perception is dependent on assumptions created in good religion and believed to have a realistic foundation. These types of assumptions consist of, with out limitation, that enough funds will be obtainable to the Firm and that technology will be as powerful as predicted.
Nevertheless, ahead-on the lookout statements are issue to threats, uncertainties, and other components, which could bring about real success to vary materially from future effects expressed, projected, or implied by this kind of forward-hunting statements. This kind of hazards incorporate, but are not constrained to, that sufficient capital and financing simply cannot be obtained on reasonable phrases, or at all that people systems will not prove as successful as anticipated those people shoppers and prospective consumers will not be as accepting of the Company’s products and assistance featuring as anticipated and governing administration and regulatory variables impacting the energy conservation industry. Kontrol BioCloud is an air top quality know-how and not a medical device. The Firm is not making any convey or implied claims that its product has the means to get rid of, heal or contain the COVID-19 (or SARS-2 Coronavirus).
Appropriately, undue reliance ought to not be positioned on ahead-wanting statements and the forward-hunting statements contained in this push release are expressly certified in their entirety by this cautionary statement. The forward-searching statements contained herein are built as at the date hereof and are based on the beliefs, estimates, expectations, and thoughts of management on these types of date. Kontrol does not undertake any obligation to update publicly or revise any this sort of forward-on the lookout statements or any ahead-hunting statements contained in any other files whether or not as a consequence of new data, upcoming situations or or else or to demonstrate any materials variance among subsequent real events and this sort of forward-hunting facts, besides as required below relevant securities legislation. Visitors are cautioned to look at these and other factors, uncertainties, and opportunity activities thoroughly and not to place undue reliance on forward-wanting facts.
