Kontrol Technologies Corp (KNRLF)

[Sam Dan]

Another revenue producing project announced by management
" ("Kontrol" or the "Company") is pleased to announce that the Company has been selected to provide a turn-key installation of a Combined Heat and Power (CHP) system with a value of approximately $250,000. The customer is a leading Real Estate Asset Manager in Canada and it is anticipated that the CHP installation will save approximately 260,000 kilowatt hours per year in electricity consumption.

Due to industry competitive purposes, the Real Estate Asset Management company, which operates a portfolio of approximately $500 Million in commercial and residential properties, will remain confidential.

"This project is another example of how Kontrol is able to drive down the costs of energy for our customers," said Paul Ghezzi, CEO of Kontrol Energy. Mr. Ghezzi further stated, "We are currently reviewing a number of facilities in the Cannabis industry which could benefit from a similar solution. With electricity rates being significantly higher than natural gas rates, CHP systems provide an opportunity for immediate energy savings with the added efficiency benefit of capturing and recycling heat waste."

The CHP installation is conditional upon the receipt of final building permits and applicable approvals, and installation is anticipated to commence in July 2019."