Continued Expansion of Building Customers Supports Growing Recurring Revenue Base

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart building technology, secured multi-year service agreements for 18 new buildings. The multi-year service agreements add to Kontrol’s growing recurring revenue base.

“We continue to scale our business by adding new customers and by expanding the scope of our solutions with existing customers in our service and building asset management platform,” said Paul Ghezzi, CEO of Kontrol Technologies. “Our value proposition allows us to win competitive bid opportunities while maintaining our focus on scaling organically within our existing client base. Taking a methodical approach to growing our ecosystem of connected buildings provides us with visibility into our business as we continue to capture market share and drive sustainable growth for our shareholders.”

Ongoing Building Service

Kontrol provides ongoing service and asset management for a growing number of commercial and multi-residential REITs (real estate investment trusts) and property managers. Under the terms of a typical engagement, Kontrol provides exclusive ongoing service, asset management and mission-critical solutions for heating, cooling, and ventilation (HVAC) systems. The typical service engagement ranges from a period of 2 to 3 years and provides Kontrol with recurring revenues. The new buildings are located in Ontario, Canada and include the addition of a new portfolio customer.

SmartSuite® Technology Update

Kontrol’s SmartSuite® technology has been recently updated to provide peak shaving and peak demand management, an enhancement implemented in direct response to requirements by local utilities and customers.

Peak demand is a term describing periods in which electrical or utility power is expected to be provided for a period at a much higher than average supply level and associated rates. Peak demand fluctuations may occur on daily, monthly, seasonal, and yearly cycles, and are generally logged in 15-minute intervals by local utilities.

Avoiding these peak demand periods can often result in a lower overall cost of energy as local utilities seek to either reward good energy consumers or provide incentives for solutions which help mitigate peak demand from consumers.

“We continue to grow and evolve our multi-technology energy management platform to drive value for our customers by delivering energy savings and emissions reductions, while maintaining a clear focus on helping our customers achieve their sustainability targets,” concluded Ghezzi.

SmartSuite® delivers in-suite energy management and real-time control of any HVAC system through a proprietary Internet of Things (IoT), wireless and cloud-based technology.

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 a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.

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.

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.

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.

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
Tel: (905) 766.0400

Investor Relations:

Brooks Hamilton

MZ Group – MZ North America

KNRLF@mzgroup.us
Tel: +1 (949) 546.6326

Not for distribution to U.S. news wire services or dissemination in the United States

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today reported the closing of the previously announced sale of the Jeuneurs asset for gross proceeds of $104.5 million (€71.2) million.

Mr. Stéphane Amine, President of the REIT, announced today, “We have closed the sale of Jeuneurs in Paris, France, which the REIT has held since its initial public offering in 2013. Jeuneurs is a seven story 50,400 square foot, fully occupied office building located in the central business district of Paris, originally constructed in 1890 and whose single tenant lease is maturing on August 31, 2023. The $104.5 million (€71.2) million gross sale price represents a $64.9 million (€44.2) million increase over the acquisition price (excluding acquisition costs) and a $35.5 million (€24.2) million premium to fair market value at December 31, 2020. We are very pleased to crystallize the exceptional value gain, confirming once again the REIT’s strategy to partially capitalize on the sale of existing older assets in order to renew the portfolio with more modern and accretive assets. The REIT is currently considering different acquisition opportunities, including but not limited to the remaining joint ventures, with the objective of deploying all the available capital in the near future.”

Inovalis REIT provides access to investors to unique quality real estate in strategic locations. In November 2021 the recently appointed Board of Trustees and management toured the Paris and Madrid main office markets in advance of finalizing the implementation of the REIT’s capital redeployment plan. In that regard, the Board of Trustees has decided to postpone the decision to distribute 50% of all incremental profit to unitholders until mid-2022. By such time, the Board would have assessed all the available investment opportunities and will have a clear idea on the necessary capital required for such investment.

Forward-Looking information

This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Inovalis REIT’s control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, global and local economic and business conditions; the financial condition of tenants; our ability to refinance maturing debt; leasing risks, including those associated with the ability to lease vacant space; interest and currency rate functions and the completion of our asset recycling plan. The REIT’s objectives and forward-looking statements are based on certain assumptions, including that the Canadian and European economies remain stable, interest rates remain stable, conditions within the real estate market remain consistent, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide ready access to equity and/or debt. All forward-looking information in this news release speaks as of the date of this news release. Inovalis REIT does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the REIT’s filings with securities regulators, including its latest annual information form and MD&A.

The forward-looking information contained herein represents the REIT’s expectations as of the date hereof and is subject to change after such date. The REIT assumes no obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.

All amounts have been converted to Canadian dollars (CAD$) using an exchange rate of 1.4682 CAD$ per €.

ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT’s investment criteria.

Contacts

David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3323

david.giraud@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

Tel:+33 1 5643 3313

khalil.hankach@inovalis.com

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Walton Global, a real estate investment and land asset management company with US$3.4 billion under management is pleased to announce a total of CAD $63.7 million in distributions that will be made to investors within various corporations: WIGI Restructured Bond Corporation (WIGI RBC), McConachie Management Corporation and Roll-up Corporation (RUC). The distributions are scheduled throughout the month of December 2021.

Roll-Up Corporation (RUC)

A distribution of approximately CAD $55 million was approved on November 15, 2021, by the Walton-managed Roll-Up Corporation (RUC). The distribution was paid to shareholders of RUC on December 1, 2021. This is the third distribution made to investors in RUC, with this distribution representing $0.082 per share. RUC investors have received a total of CAD $104 million in distributions since the formation of the entity in 2018.

RUC was formed through the amalgamation of 134 Canadian pre-development land entities and has more than 28,141 shareholders. The Corporation collectively owns an interest in 15,622 acres of pre-development land in key growth markets throughout the United States and Canada.

McConachie Asset Management Corporation

A distribution to investors on behalf of McConachie Asset Management Corporation of CAD $2.5 million is scheduled to be made on December 10, 2021.

CAD $2.5 Million is the third distribution made to bondholders in 2021. The distribution is both a principal and interest payment that will be paid to all bondholders on a pro-rata basis. A total of CAD $64.9 million of principal and interest payments have been made to investors in the McConachie project to date.

McConachie is a residential development project in Edmonton, Alberta where Walton is the project manager. Walton has been working on completing the project this year with some carry over for items to be completed by early 2022.

WIGI Restructured Bond Corporation (WIGI RBC)

WIGI RBC is making a cash distribution of CAD $6.2 million scheduled for December 31, 2021. This represents the second distribution being made from this entity in 2021 as a repayment of the bonds. A total of approximately CAD $18.9 million has been distributed to investors in WIGI RBC to date.

WIGI Restructured Bond Corporation owns Canadian assets, including pre-development land projects and active land development projects in Alberta and Ontario.

Walton anticipates it will create further monetization opportunities in 2022 that will provide additional distributions for investors within these corporations.

Contacts

Megan Wahl

LAVIDGE

480-998-2600

DL-Walton@lavidge.com