Mr. Paul Ghezzi reports

KONTROL TECHNOLOGIES SELECTED BY NEW CUSTOMER IN THE USA FOR EMISSION MONITORING SOLUTIONS

Kontrol Technologies Corp. has been selected by a large medical facility in the United States for a continuous emission monitoring (CEM) solution.

"Continuous emission compliance is a source of organic growth for Kontrol as we continue to add new customers and applications," says Paul Ghezzi, chief executive officer of Kontrol Technologies. "This market is being driven by new regulations at the state and provincial level. We continue to be well positioned to provide emission monitoring solutions with a strong history and track record of servicing the oil, gas, cement and petrochemical industries."

The customer operates across the U.S. and, for industry competitive purposes, the customer will not be named.

Corporate update

Since January, 2023, the company has reduced its debt obligations by approximately $4-million. The company remains in compliance with its secured lender, including interest and principal payments, and operating with EBITDA (earnings before interest, taxes, depreciation and amortization) profitability.

"We continue to operate with fiscal discipline and generate sufficient cash flows to operate and grow the business," continues Mr. Ghezzi.

The company is in the process of rebranding and further integrating multiple operating subsidiaries to better position the Kontrol brand, and increase synergies and operating efficiencies with, an emphasis on organic growth.

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.