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Kontrol Technologies Files Preliminary Base Shelf Prospectus

TORONTO, May 14, 2021 / PRNewswire / – Control Technologies Corp. ((NEO: KNR) (OTCQB: KNRLF) (FSE: 1K8) (“Control technologies“or”control“) A leading provider of intelligent buildings and cities with IoT, cloud and SaaS technology is pleased to announce that a preliminary basic shelf prospectus (the”Shelf brochure“) with the securities regulators in the provinces British Columbia, Alberta and Ontario. When that submission is final, Kontrol has the right to offer, spend, and sell $ 15 million of common stocks, warrants, subscription receipts, debt instruments and shares, or any combination thereof, from time to time separately or together in amounts, at prices and on terms to be determined on the basis of market conditions at the time of the offer and as set out in an accompanying Supplement as stated, the shelf prospectus remains valid for the period of 25 months after its final validity.

The net proceeds from offers in the shelf prospectus will be used as indicated in the relevant prospectus addendum.

A copy of the shelf brochure can be found under Kontrol’s profile on SEDAR at www.sedar.com.

About Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities with IoT, cloud and SaaS technology. Kontrol Technologies offers its customers a combination of software, hardware and service solutions to improve energy management, air quality and continuous emissions monitoring.

For more information on Kontrol Technologies Corp. can be found on the website at www.kontrolcorp.com and by reviewing his profile on SEDAR at www.sedar.com.

Neither IIROC nor any exchange or other securities regulator accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws including, without limitation, the filing of the final base shelf prospectus and any related supplement, the potential issue of Kontrol securities and the use of any proceeds from such offers. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some instances, forward-looking information may be identified by words or expressions such as “may,” “will,” “expect,” “likely,” “should,” “would,” “plan,” “anticipate,” “intend,” “potentially,” “suggested,” “estimated,” “believe” or the negative of these terms or other similar words, expressions, and grammatical variations thereof or statements that “may” or “will” “happen to” or through certain events or conditions Discussions about the strategy.

When Kontrol expresses or implies an expectation or belief regarding future events or results, that expectation or belief is based on assumptions made in good faith and based on a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. These risks include, but are not limited to, risks related to the timing and filing of the final base shelf prospectus, the potential offer of securities by Kontrol, the uncertainty surrounding the completion of a future offer, and the ability to obtain applicable regulatory approval all contemplated offers, Kontrol’s ability to negotiate and finalize future financing transactions, and other risks identified from time to time in Kontrol’s public filings, including, but not limited to, those set out in Kontrol for the past year are listed December 31, 2020Copies of these are stored at SEDAR at www.sedar.com.

Accordingly, undue reliance should not be placed on forward-looking statements, and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are valid as of the date of this publication and are based on the beliefs, estimates, expectations and opinions of management at that time. Kontrol assumes no obligation to publicly update or revise any forward-looking statements or forward-looking statements contained in other documents as a result of new information, future events or for any other reason or to explain material differences between subsequent actual events and such forward-looking information, provided that this is not required under applicable securities law. Readers are cautioned to carefully consider these and other factors, uncertainties and potential events and not to place undue reliance on forward-looking information.

SOURCE Kontrol Technologies Corp.

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