Mr. Paul Ghezzi reports

KONTROL TECHNOLOGIES ADDS CARBON SEQUESTRATION MONITORING CUSTOMER

Kontrol Technologies Corp. has added a carbon sequestration monitoring customer to its industrial emissions platform. The company will provide real-time monitoring for its customer to support the development and integration of carbon sequestration solutions at a large industrial facility in Ontario, Canada.

"The market around carbon sequestration is taking hold as large industrial emitters may face financial penalties if they are unable to meet their emission targets," says Paul Ghezzi, chief executive officer of Kontrol. "Many large industrial emitters are moving forward with carbon sequestration plans, and we are pleased to be able to support the growth of this new opportunity with real-time monitoring solutions which can monitor and measure various emissions and emission levels."

According to Natural Resources Canada, in response to the climate imperative, global momentum in the carbon management sector has grown substantially in recent years, with over 570 carbon capture, utilization and storage (CCUS) projects in development. By 2030, 368 projects are expected to be operational, with an anticipated capacity to capture 743 million tonnes of carbon dioxide per year.

The customer will not be named for industry competitive reasons.

About Kontrol Technologies Corp.

Kontrol Technologies, 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.

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