Mr. Paul Ghezzi reports

KONTROL TECHNOLOGIES ANNOUNCES NEW INTENDED NORMAL COURSE ISSUER BID THROUGH CBOE CANADA

Kontrol Technologies Corp. intends to implement a new normal course issuer bid (NCIB) program to buy back common shares of Kontrol through the facilities of Cboe Canada and/or alternative Canadian trading systems.

The NCIB has been approved by Kontrol's board of directors and accepted by Cboe Canada, and will be executed in accordance with the applicable rules and policies of Cboe Canada and any applicable Canadian securities laws. Pursuant to the NCIB, Kontrol may purchase, from time to time, over a period of 12 months starting April 14, 2025, and ending April 14, 2026, up to 2,757,858 common shares (representing 5 per cent of the company's issued and outstanding common shares).

On any given day during the NCIB, Kontrol may only purchase up to 29,688 common shares, equivalent to 25 per cent of the average daily trading volume of 118,753 calculated based on the trading volumes over the past six months, and may purchase once per calendar week, in a block trade, a greater number of common shares, in accordance with the applicable policies of Cboe Canada.

Purchases under the NCIB may commence as of April 14, 2025, and will end on the earlier of: (i) April 14, 2026; or (ii) the date on which Kontrol has purchased the maximum number of common shares to be acquired under the NCIB. All purchases made will be through the selected purchasing member, Ventum Financial Corp., acting on behalf of Kontrol. The purchases will be made in accordance with the rules of Cboe Canada, through the facilities of Cboe Canada or through alternative Canadian trading systems. The actual number of common shares which will be purchased, the timing of such purchases and the price at which the common shares will be purchased by Kontrol will be aligned with the rules and policies of the Cboe Canada listing manual. The common shares purchased under the NCIB will be cancelled.

Kontrol's board of directors believes that the market price of Kontrol's common shares may not, from time to time, reflect the underlying value of Kontrol, specifically its growth opportunities, and that the proposed purchasing of its common shares is in the best interests of Kontrol and represents an appropriate use of corporate funds. It is expected that any purchases made by Kontrol could also enhance value and liquidity for its shareholders.

About Kontrol Technologies Corp.

Kontrol Technologies is a leader in smart buildings and cities through Internet of things, cloud and software-as-a-service technologies. 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.