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Kontrol Technologies Secures $16 Million Hvac And Automation Project From Canadian Multi-Family High Rise Customer

Mar 30, 2022•over 3 years ago

Amount Raised

$16 Million

Toronto

Description

Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has secured a $16 Million HVAC and Automation project, through its wholly owned subsidiary, Global HVAC and Automation (“Global”), for a new high rise building in the Greater Toronto Area.

Company Information

Company

Kontrol Technologies

Location

Toronto, Ontario, Canada

About

As described in the Company’s press release dated December 28, 2021, the Company has been quoting and bidding on various opportunities and this represents the awarding of one of those opportunities and follows the $9.7 million project award that was announced by the Company on March 9, 2022. Such risks include, but are not limited to the following: that the Company may encounter delays in carrying out the activities contemplated in the contracts described in this press release; that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that the Company’s technologies will not prove as effective as expected; that customers and potential customers will not be as accepting of the Company's product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.

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