Kontrol Technologies Launches BuildX AI Platform and Announces Loan Agreement
Article content
TORONTO — Kontrol Technologies Corp. ( CBOE.CA:KNR) ( OTCQB:KNRLF) ( FSE:1K8) ('Kontrol Technologies' or 'Kontrol' or 'Company') provides corporate update and announces new BuildX AI platform for commercial and industrial buildings.
Article content
Article content
The Company serves over 400 commercial and industrial buildings with HVAC solutions and services. It has launched BuildX AI, a new platform designed to improve how building owners and operators interact with their buildings and HVAC systems. Traditionally, the industry focuses on equipment replacement and maintenance cycles, but this approach often lacks efficient data integration and analytics to improve how buildings and HVAC assets are managed. BuildX AI addresses this by connecting with existing equipment and incorporating advanced drone technology and sensors throughout buildings. Asset managers and owners will gain much needed insights and actionable data to improve operations and capital budgeting.
Article content
'AI enables us to process vast amounts of data and deliver actionable insights for better asset management and streamlined operations,' said Paul Ghezzi, CEO of Kontrol. 'We are in the early stages of growing our AI platform and are planning multiple customer pilots over the next six months.'
Article content
The Company will provide an update on its pilots as they are completed.
Article content
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.
Article content
Loan Agreement
Article content
The Company further announced that it has entered into loan agreement dated May 2nd, 2025 (the ' Loan Agreement ') pursuant to which the Company has agreed to loan Paul Ghezzi, CEO of the Company, the principal amount of $680,000 (the ' Loan '). The Loan is repayable within one year and will bear interest at the CRA prescribed rate.
Article content
The Loan constitutes a 'related party transaction' pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (' MI 61-101 '). The transaction is exempt from the formal valuation and minority securityholder approval requirements of MI 61-101 as the fair market value of the Loan does not exceed 25% of the Company's market capitalization, calculated in accordance with MI 61-101.
Article content
The Loan was unanimously approved by the directors of the Company entitled to vote thereon, which consisted of all directors of the Company except for Mr. Ghezzi who abstained from voting.
Article content
Kontrol Technologies Corp.
Article content
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol 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.
Article content
Forward-Looking Statements
Article content
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.
Article content
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.
Article content
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those 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.
Article content
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 made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
27 minutes ago
- Cision Canada
Fresh Kitchen + Juice Bar Supports Pride with Fundraising and an ALL DAY Happy Hour Deals Kick Off Event on Monday June 23rd!
TORONTO, June 23, 2025 /CNW/ - As a long-time ally of the 2SLGBTQ+ community since opening our doors in 1999, we're doubling down on our Pride support this year. On Monday, June 23rd, Fresh Kitchen and Juice Bar is offering all-day Happy Hour pricing! That's $5 smoothies, $6 wine + beer, $8 eats, and more - available ALL DAY at all Fresh locations. In addition to all day Happy Hour deals, we're donating $1 from every Rainbowberry Smoothie sold in June to The 519, a Toronto-based organization supporting the 2SLGBTQ+ community. "At a time when some brands are pulling out of Pride, we're proud to show up louder," said Ruth Tal, Founder of Fresh. "Our values haven't changed - and our support won't either." Join us in celebrating Pride with joy, flavour and purpose. Follow @freshrestaurants for more. About Fresh Kitchen + Juice Bar: Fresh has been a trailblazer in Toronto's plant-based dining scene since 1991. Founded by Ruth Tal as a humble juice bar on Queen West, we've grown into a beloved restaurant brand, known for delivering innovative, fresh, and nourishing plant-based meals. With 7 locations across the Greater Toronto Area, Fresh continues to inspire those who want to eat with freshness in mind. Visit us at
CTV News
28 minutes ago
- CTV News
Canada signs new security and defence partnership with Europe
BRUSSELS - Canada and the European Union opened a new era of transatlantic co-operation Monday with the official signing of a security and defence partnership at a joint summit in Brussels. The agreement commits Canada and Europe to collaboration on defence and is a step toward Canada participating in the continent's massive new defence procurement program, known as ReArm Europe. Prime Minister Mark Carney, who travelled to Brussels for the Canada-EU Summit, is pursuing more options for defence procurement as Canada seeks to reduce its reliance on the United States. Carney met with European Council President Antonio Costa and European Commission President Ursula von der Leyen at the summit, before the final deal was signed. Costa said Canada and the EU are 'looking at the world through the same lens' and this meeting has taken the partnership to a new level. Von der Leyen told Carney he was 'here among friends.' She said Canada and the EU are two strong democracies bound by historic ties and connected by a 'dynamic, fair and open' trade partnership. She said the EU wants not just to reaffirm the friendship and partnership with Canada but also to reshape it. She said the agreement is the 'most comprehensive' ever completed. 'We know we can count on you and you can count on us,' she said. Carney said the leaders are putting into practice some of what they discussed at the G7 and have been working on for years. Carney said the deal is crucial for Canada and 'shows a way forward.' Under the terms of the agreement, Canada and the EU will hold an annual 'security and defence dialogue' involving top officials. The agreement also commits both partners to expanding co-operation in support of Ukraine, improving Canadian military mobility in Europe and enhancing maritime co-operation in regions of 'mutual interest' like the Indo-Pacific. Canada will need to sign a second agreement with the European Commission before it can take part in the 150-billion-euro ReArm Europe initiative. The security and defence agreement also pledges further collaboration on emerging issues in cybersecurity, foreign interference, disinformation and outer space policy. Carney also met with Belgian Prime Minister Bart De Wever ahead of the Canada-EU Summit. De Wever said that Canada's partnership with the EU is vital now because 'we've woken up in a world that doesn't look that friendly anymore.' A government official briefing reporters on the trip said the partnership is expected to make procurement easier and more affordable, while also allowing Canada to diversify its sources of equipment. On Tuesday, Carney travels to The Hague for the NATO summit, where member nations will decide whether to fully endorse a substantial increase in the defence spending target, from two per cent of GDP to five per cent. Carney said earlier this month Canada would increase its defence spending this year to meet the two per cent target for the first time since it was established in 2014. By Catherine Morrison.
Globe and Mail
an hour ago
- Globe and Mail
Mining M&A Sparks Market Action as Junior Miner Gets Acquired
Kicking off the week, a significant mining sector acquisition has made headlines, sending shares of the acquired company sharply higher. Shares of Reyna Silver (TSX-Venture: RSLV) (OTCQ: RSNVF) were on a tear this morning as the company announced that they have entered into a definitive agreement with Torex Gold Resources (TSX: TXG), under which Torex will acquire all outstanding shares of Reyna Silver (excluding those it already owns). The acquisition will be carried out through a court-approved plan of arrangement. Shareholders of Reyna Silver will receive cash consideration of CDN$0.13 per share. "We are thrilled to announce that Reyna has entered a Definitive Agreement with Torex. In 2020, recognizing the need for producers to replenish their ounces, we set out to create a company with the premise of looking for projects with high-grade and district scale potential. We put together an outstanding portfolio of four projects in Mexico and Nevada. Taking each project from initial concept to proof of concept, the Reyna Board recognizes that in the current financing environment, the Torex offer allows these projects to remain as a portfolio and to have the necessary capital and expertise to move them to the next stage," said Jorge Ramiro Monroy, CEO of Reyna Silver. Reyna Silver is a junior exploration company focused on high-grade, district-scale silver projects in Mexico and the U.S. In Nevada, it holds options to acquire majority interests in the Gryphon Summit and Medicine Springs Projects, both targeting multi-metal CRD and porphyry systems. In Mexico, Reyna fully owns the Guigui and Batopilas Projects, covering historically significant silver-producing districts in Chihuahua State. Shares of RSLV are currently up 50% at $0.1275 while U.S. listed shares (RSNVF) are up 39.37% at $0.0913 in mid-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc. Phone: (800) 558-4560 Ext: 101
