Kontrol Energy Corp.: Kontrol Advances BioCloud Technology for European Sales and Provides Update
Kontrol or
Company ), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, is pleased to announce that it continues to advance the deployment of its BioCloud technology. We are pleased with the progress we are making with our distribution network, our direct customers and various levels of Government, says Paul Ghezzi, CEO. Through our growing distribution network, we have been presented with numerous potential customers applications. Most recently we have reviewed various applications for professional and amateur sports.
Non-Disclosure Agreement (NDA)
BioCloud has entered into a Non-Disclosure Agreement, with a leading medical sports authority, to share the full scope of BioCloud s patents and research. The purpose of the NDA is to advance various potential sport applications. Such applications include, but are not limited to, dressing rooms and tra
Kontrol Advances BioCloud Technology for European Sales and Provides Update
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Kontrol Completes Debenture Exchange and Announces Intention to Begin Process of Uplisting to Major North American Stock Exchanges
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Kontrol Energy Corp.: Kontrol Completes Debenture Exchange and Announces Intention to Begin Process of Uplisting to Major North American Stock Exchanges
Kontrol or
Company ), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, is pleased to announce that it has completed its previously announced debenture exchange
(see press release dated June 9, 2020 and November 2, 2020) by private placement. The 2020 Debenture holders exchanged a total of $3,650,000 for 2022 Debentures and new proceeds of $871,000 were raised. The remaining 2020 Debenture balance of $2,061,000 was redeemed in cash by the Company. Each unit is comprised of one $1,000 8% unsecured debenture (and non-convertible) of the Company maturing on October 31, 2022 and 10 common shares.