With the spread of Covid-19 becoming worse and with no signs of stopping, these two companies located in Vaughan, Ontario are preparing to deploy innovative technology to help mitigate the spread of the Coronavirus.
Kontrol Energy (CSE: KNR) (OTCQB: KNRLF) recently launched its Covid-19 airborne detection device called the BioClolud Analyser. In 2020 the company achieved great strides as it surpassed three levels of testing with the National Research Council of Canada (NRC) achieving lower detection limits and received an additional $500,000 in funding from the NRC. During the week of December 13th 2020, KNR shipped one of its BioCloud analyzers to the United Arab Emirates (UAE) for field demonstration due to interest in the technology in the region. We expect that the company will update the market on its field demonstration in the UAE the week of January 11th, 2021.
In the coming weeks, KNR is set to complete its corporate name change to Kontrol Technologies Corp., which we believe may coincide with KNR’s anticipated application to uplist to the Toronto Stock Exchange (TSX). Following the successful listing to the TSX, KNR also plans to move its OTCQB listed security to the NASDAQ through a Form F-1 Registration Statement with the SEC.
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