Kontrol Technologies Corp (OTCMKTS:KNRLF) Stock Recovers After Recent Fall

One of the companies to have made a major new announcement on Thursday was Kontrol Technologies Corp (OTCMKTS:KNRLF) and it may well be a good idea to take a closer look into it.

Trading Data

On Thursday, KNRLF stock surged 2.92% to $0.2573 with more than

1.58K shares, compared to its average volume of 10.66K shares. The stock moved within a range of $0.2544 – 0.2573 after opening trade at $0.2544.

Kontrol Technologies Selected by Petrochemical Customer Under Recurring Multi-Year Agreement to Provide Emission Monitoring Solutions

The company announced yesterday that it had been chosen by a large integrated petrochemical customer to provide emission monitoring solutions as part of a recurring agreement spread over multiple years. The Chief Executive Officer of Kontrol Technologies Paul Ghezzi spoke about the development as well. He noted emission regulations had been tightening at both the state and provincial levels. As a result, Kontrol Technologies was in a good position to provide its emission monitoring solutions to corporations.

He went on to add that Kontrol Technologies had a proven track record of having provided this particular service to the oil, gas, petrochemical and cement sectors over the years. Ghezzi also stated that the company was committed to growing its recurring and multi-year contractual agreements with its blue chip customer base. The customer who signed up to its service is based out of Canada but Kontrol Technologies did not reveal the name owing to factors of competition. It remains to be seen if the latest development leads to a higher focus on the Kontrol Technologies stock or not.