TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), operating subsidiary CEM Specialties Inc. (CEMSI) has been selected by a new USA Customer (the “Customer”) to design and integrate specialized emission technology in order to monitor Ethylene oxide in real-time. The Customer provides advanced emission technology solutions globally.

Entry into New Emission Monitoring Market

CEMSI won the opportunity based on its expertise in the regulated emission monitoring market as well as its ability to integrate highly complex emission systems which include real-time monitoring.

“This new Customer represents our entry into a growing new market for the real-time monitoring and measurement of Ethylene oxide,” says Paul Ghezzi. “Our business growth in the regulated emissions market continues and we will seek to advance further opportunities with this new Customer.”

Ethylene Oxide Emissions

The ability to monitor and quantify Ethylene oxide (EtO or EO) is central to eliminating sources and reducing long-term exposure to this hazardous air pollutant. Ambient air monitoring systems for Ethylene oxide continuously and automatically monitors and quantifies low, ambient levels of EtO. It is ideal for use in community monitoring stations and at industrial fence-lines.

According to the Environmental Protection Agency (EPA) Ethylene oxide is a flammable, colorless gas used to make other chemicals that are used in making a range of products, including antifreeze, textiles, plastics, detergents, and adhesives. Ethylene oxide also is used to sterilize equipment and plastic devices that cannot be sterilized by steam, such as medical equipment. EPA is committed to reducing risks from ethylene oxide. www.epa.gov

Kontrol Technologies Corp.

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.sedar.com

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

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. Forward-looking information contained in this press releases includes, but is not limited to, the following: future ambient air monitoring solutions to be offered by Kontrol for its potential customers; future goal of monetizing carbon credits; the anticipated timing of the initial design and integration of specialized emission technology in order to monitor ethylene oxide in real-time; and any energy savings that the Company’s technology will provide for the Customer; the future success of any of Kontrol’s products; and customer demand relating to energy management.

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; that future emission technology solutions can be conducted as planned; that technology will be as effective as anticipated; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or at all; that the ability to monitor and quantify Ethylene oxide (EtO or EO) for the Customer will go as planned; and that demand will continue for energy management products and for the Company’s products in particular.

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.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
601 Rowntree Dairy Road, Unit B

Vaughan, ON L4L 5T8

Tel: (905) 766.0400

This partnership marks the first demand response program in North America to incorporate EV chargers in multi-unit residential buildings

TORONTO–(BUSINESS WIRE)–SWTCH Energy, a company specializing in electric vehicle (EV) charging solutions for multi-tenant properties, and AutoGrid, the industry’s leading virtual power plant (VPP) and distributed energy resources management system (DERMS) provider, today announced a partnership to integrate 250 EV chargers in multi-tenant properties into an active demand response program with a Canadian utility. This partnership marks the first time that a North American utility will incorporate multi-unit residential building chargers into its demand response programs.

AutoGrid’s AI-powered Flex™ platform can process data from millions of energy assets simultaneously and subsequently forecast demand patterns, helping utilities automate distributed energy management. By tapping into this cutting-edge technology, SWTCH EV chargers that participate in AutoGrid’s demand response programs will be adjusted remotely for brief periods, helping manage demand on the electrical grid.

“In partnership with AutoGrid, we are committed to introducing and scaling innovative solutions with outsized impacts on grid reliability and efficiency,” said SWTCH CEO and Co-Founder Carter Li. “North American energy infrastructure is coming under tremendous pressure, making the introduction of turnkey, efficiency-boosting measures more important than ever. With AutoGrid’s proven experience as a leading DERMS provider, we look forward to a successful launch in Canada and a rapid expansion across North America.”

“By supporting EV adoption in multi-family properties, AutoGrid’s partnership with SWTCH taps an important source of capacity for the grid, but also expands access for consumers across the socioeconomic spectrum to participate in accelerating the energy transition,” said Amit Narayan, AutoGrid Founder and CEO. “We are excited to be part of this important milestone in striving for energy equity and climate action.”

Demand response is a technology-enabled conservation system for electric power supply; it involves shifting or shedding electricity during peak demand periods. Demand response works in two ways: price-based programs, which use price signals and tariffs to incentivize consumers to use less electricity, and incentive-based programs that pay consumers directly. As utilities pledge to cut carbon emissions, the global demand response market is expected to grow by $1.07 billion between 2020 and 2025, led by North America.

While this type of demand response program is gaining traction throughout the single-family home category, multi-tenant building assets remain an untapped resource. The partnership between SWTCH and AutoGrid sets a precedent for DERMS providers and utilities across the continent at a time when the need for energy resilience is more dire than ever.

About SWTCH Energy Inc.

Headquartered in Toronto, Ontario, with offices in Brooklyn and Boston, SWTCH is pioneering EV charging solutions for multifamily and commercial properties across North America. SWTCH leverages the latest technology available to help building owners and operators deploy EV charging by tapping into their existing grid infrastructure. Through constant innovation and an extensive partnership network, SWTCH provides the most profitable and unique business model for multi-tenant buildings to stay competitive. For more information, visit www.swtchenergy.com.

About AutoGrid

AutoGrid accelerates the transition to renewable energy in order to combat the climate crisis. Our AI-driven software makes distributed energy resources smarter, enabling prediction, optimization, and real-time control of energy assets, including electric vehicles, batteries, roof-top solar, utility-scale wind, storage, and more. With over a decade of pioneering experience across the globe, AutoGrid offers fleet owners, energy-as-a-service companies, renewable project developers, utilities, and electricity retailers a scalable solution that enables them to build, own, operate, and participate in Virtual Power Plants. The AutoGrid Flex™ platform manages over 6,000 MW of VPPs in 17 countries. For more information, please visit: https://www.auto-grid.com/

Contacts

Media
Isabelle Hawkes

Antenna for SWTCH Energy

SWTCH@antennagroup.com

John Perry

VP, Marketing & Communications

AutoGrid

media@auto-grid.com