Kontrol Technologies Corp (KNRLF)

[Sam Dan]

VERY IMPORTANT NEWS RE KNR
Kontrol Energy Corp. ("Kontrol", or the "Company") (CSE: KNR, FSE: 1K8) launches the bIOTAsphere, a Decentralized Ledger Technology (DLT) accelerator and commercialization facility serving academia, government, and business groups looking to bring solutions to market in the sectors of distributed energy, carbon reduction, smart buildings and the Internet of Things (IoT).

The bIOTAsphere, powered by Kontrol Energy, will provide the technical, business and collaborative resources to accelerate the commercialization of new DLT solutions. The bIOTAsphere is focused on applications and services that are built upon the IOTA DLT protocol, and that use the unique capabilities of this technology. Kontrol Energy is committed to supporting a new generation of products, services, and solutions that will revolutionize our daily lives and the buildings and spaces in which we live, work and play. The primary goal of the bIOTAsphere is not only to minimize our current impact on the environment but also to advance technologies that will reverse the impacts of historic GHG emissions.

The bIOTAsphere will offer a platform for high potential early-stage companies, established corporations, governments, and universities to collaborate, explore and demonstrate how DLT can bring new benefits to society and business. "Realizing the full potential of DLT requires open partnerships within the technology community to accelerate and drive innovation," says Paul Ghezzi, CEO of Kontrol Energy. "The bIOTAsphere will operate as a not for profit with various membership participation levels."

The bIOTAsphere is fully supported by the non-profit IOTA Foundation, based in Berlin, Germany. Dominik Schiener, Chairperson of the Board of Directors says, "we intend to participate in the bIOTAsphere project as an official partner while engaging some of our partner companies in this co-innovation exercise."

The bIOTAsphere will serve as the primary Canadian office for the IOTA Foundation. To learn more about the bIOTAsphere project or to inquire about becoming a member of the community, visit http://www.bIOTAsphere.com

About Kontrol Energy

Kontrol Energy Corp. (CSE: KNR, FSE: 1K8) is a leader in energy efficiency solutions and technology. Through a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions.