Mr. Paul Ghezzi reports

KONTROL TECHNOLOGIES SELECTED BY PETROCHEMICAL CUSTOMER UNDER RECURRING MULTI-YEAR AGREEMENT TO PROVIDE EMISSION MONITORING SOLUTIONS

Kontrol Technologies Corp. has been selected by a large integrated petrochemical customer under a recurring multiyear agreement to provide emission monitoring solutions.

"As emission regulations increase at the state and provincial level, we are well positioned to provide emission monitoring solutions with a strong history and track record of servicing the oil, gas, cement and petrochemical industries," said, Paul Ghezzi, chief executive officer of Kontrol Technologies. "We continue to focus on growing our recurring and multiyear agreements with our blue-chip customer base."

The customer operates across Canada and for industry competitive purposes will not be named.

As previously released on March 23, 2023, the company continues to advance its new development dry kiln technology for deployment with a leading global cement company. The company anticipates advancing its planned deployment in Q2 of 2023. The current design development has focused on reducing power consumption by up to 83 per cent, installation footprint by up to 90 per cent, and capital costs by approximately 50 per cent, when compared with current technology in the market. The technology is also targeting GHG (greenhouse gas) emission reductions through improved operating efficiencies.

About Kontrol Technologies Corp.

Kontrol Technologies, a Canadian public company, is a leader in smart buildings and cities through IoT (Internet of Things), cloud and SaaS (software-as-a-service) technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

We seek Safe Harbor.