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TORONTO, January 22, 2025--(BUSINESS WIRE)--Kontrol Technologies Corp. (CBOE CA:KNR) (OTCQB:KNRLF) (FSE:1K8) ("Kontrol Technologies" or "Kontrol" or "Company") operates a sustainable buildings platform for customers including REITS, municipalities, property managers and industrial and commercial buildings.
The Company continues to review multiple potential acquisition opportunities. The potential acquisitions are subject to customary due diligence and definitive agreements. The Company will provide further details subject to reaching definitive agreements.
The Company currently has approximately $14 Million in cash and marketable securities on hand including its previously disclosed bitcoin holdings. The Company is generating net positive interest income on its holdings and has no long-term debt.
The Company has acquired approximately 2,091,500 million common shares under its previously announced NCIB (normal course issuer bid).
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: the potential benefits of an acquisition; the completion of a Letter of Intent; the addition of Bitcoin to the Company’s balance sheet, the future operations of the Company; and the Company’s ability to make accretive acquisitions.