Mr. Paul Ghezzi reports

KONTROL TECHNOLOGIES WINS CONTINUOUS AIR AND WATER MONITORING CUSTOMER; RECURRING ANNUAL REVENUES

Kontrol Technologies Corp. has added a new industrial customer, providing real-time monitoring of air quality and water quality across a number of petrochemical facilities. The company will operate and manage air monitoring and water assets, including a network of monitoring stations, associated data acquisition software and equipment, and calibration equipment.

"We continue to add new customers in the growing sector of regulated air quality and water monitoring," says Paul Ghezzi, chief executive officer of Kontrol. "With this new customer, we will be monitoring, in real-time, a number of large industrial facilities in Ontario, Canada. The recurring revenue demonstrates our ability to continue to add significant customers on a multiyear solution offering."

Approximately $1.1-million in recurring revenues will be generated over a three-year period. In addition, the company will have the opportunity to deliver, at the request of the customer, individual projects, improvements or upgrades which are not recurring but may add to revenues over time.

The customer will not be named for industry competitive reasons.

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.

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