Kontrol Announces Addition of New Operating Division and Provides Corporate Update

About this update from Kontrol Technologies Corp.

[{"type":"text","content":"Kontrol Announces Addition of New Operating Division and Provides Corporate Update\n\n\n\n\n\n\n\n Kontrol Technologies Corp. (CBOE.CA:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company”)\n \n is pleased to announce the formation of a new operating subsidiary and to provide a corporate update.\n \n\n\n Formation of Kontrol Applied Sciences\n \n\n\n The Company announces the formation of Kontrol Applied Sciences Corp. (“Kontrol Applied Sciences”), an operating subsidiary of Kontrol Technologies Corp. Kontrol Applied Sciences has been created to sit at the intersection of safer spaces, microbiology, and artificial intelligence. Building on Kontrol’s prior experience in developing technology solutions designed to improve the safety and quality of indoor environments, Kontrol Applied Sciences will seek to further explore and apply emerging science as it relates to study of microorganisms and their interaction with various built environments.\n \n\n Kontrol Applied Sciences is currently in the early-stage evaluation and research phase of development. The Company’s current plans include identifying potential research and commercialization opportunities, evaluating applicable technologies and applications The Company also intends to identify opportunities where government funding programs may be available to support early-stage initiatives, consistent with its prior experience in accessing such programs.\n \n\n During this initial phase, anticipated expenditures are expected to primarily consist of research and development activities, exploratory scientific analysis, business development initiatives, and costs associated with evaluating potential funding opportunities and strategic partnerships. The Company currently anticipates that expenditures associated with Kontrol Applied Sciences will remain limited in the near term while the Company assesses the viability and scope of potential projects and determines appropriate next-stage development plans.\n \n\n The next stage of development is expected to involve the identification and selection of specific research initiatives or technology applications for further development, including the potential pursuit of research collaborations. The timing and costs associated with any such initiatives...

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