Mr. Paul Ghezzi reports

KONTROL TECHNOLOGIES ADDS NEW EMISSION ANALYTICS CUSTOMER

Kontrol Technologies Corp. has been selected by a customer to provide emission and analytics solutions in the activated carbon market.

"Our emission business continues to attract customers in highly regulated industries, where growth is driven by compliance with government mandates," says Paul Ghezzi, chief executive officer of Kontrol Technologies. "Our expertise in delivering precise emission measurement, monitoring and analytics makes us well positioned to continue our growth in these markets."

The customer operates as an activated carbon supplier with specialization in providing various types of filter media in water and waste water treatment, gas purification, and other industries. For industry competitive purposes the customer will not be named.

Corporate update

The company is investigating a potential patent infringement against its BioCloud technology by certain competitors in the marketplace. The company will protect its patents and technology for the benefit of its stakeholders. The company has previously announced two patents issued for its BioCloud technology with a third patent pending.

Since January, 2023, the company has reduced its debt obligations by approximately $4-million as it continues to manage its balance sheet prudently. The company remains in compliance with its secured lender and is generating positive EBITDA (earnings before interest, taxes, depreciation and amortization).

Kontrol Technologies Corp.

Kontrol, a Canadian public company, is a leader in smart buildings and cities through Internet of Things, cloud and 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.