Kontrol Energy shares fly as its BioCloud technology revealed to detect airborne coronavirus particles

Proactive Investors Friday, 11 September 2020
Kontrol Energy Corp (CSE:KNR) (OTCQB:KNRLF) saw its stock take off on Friday after the firm revealed its BioCloud technology could detect the presence of coronavirus (COVID-19) in the air. The Toronto-based firm received positive lab results for BioCloud testing against the live virus that causes COVID-19 following two successful tests against the dormant SARS-CoV-2 virus, it said in a statement. Shares of Kontrol flew on the news, gaining 62% to reach C$4.86 on the Canadian Securities Exchange and 60.4% over the counter at US$3.60. READ: Which COVID-19 vaccines are in phase III? A look at Moderna Therapeutics and the chasing pack BioCloud is an unobtrusive wall-mounted technology with a real-time analyzer designed to detect airborne viruses by sampling the air quality over time. The unit has a proprietary detection chamber that can be replaced as needed if and when viruses are detected. An alert system is created in the cloud or over local intranet. The Canadian company is preparing the technology for applications in schools, hospitals, long term care facilities and mass transit vehicles, according to a statement. "There is a critical need for technology that can provide us with assurances that the workplaces, schools, healthcare environments and other spaces we physically occupy are safe and free of infectious disease. Today, we have that in BioCloud," said Paul Ghezzi, Kontrol’s CEO. "Our team has been working day and night since the onset of the pandemic to bring this exciting technology to market. It will be an invaluable tool to enhance the existing system of individual testing and contact tracing." Kontrol will start commercializing BioCloud by initiating an application to the CSA Group for independent certification and has already started discussions with two global outsource contract manufacturers who can provide external manufacturing capacity, the company told shareholders. The unit is expected to cost around US$12,000 based on supply chain components. Contact Angela at [email protected] Follow her on Twitter @AHarmantas
Video Credit: Market News Video - Published
News video: Nasdaq 100 Movers: EXPE, CTSH

Nasdaq 100 Movers: EXPE, CTSH 01:05

In early trading on Friday, shares of Cognizant Technology Solutions topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.3%. Year to date, Cognizant Technology Solutions registers a 10.2% gain.

You Might Like

Related videos from verified sources

Parents are giving kids access to technology as early as two years old [Video]

Parents are giving kids access to technology as early as two years old

Kids these days will be more tech-savvy than their parents by the time they're 10 years old, according to new research.The survey of 2,000 parents with children aged 3-12 found the average respondent..

Credit: SWNS STUDIO     Duration: 00:49Published
3D technology could save the live performance industry [Video]

3D technology could save the live performance industry

New 3D hologram technology could be the solution to a dearth of live musicduring the coronavirus pandemic, according to one artist. Singer-songwriterDan Olsen launched the technology, created by Musion..

Credit: PA - Press Association STUDIO     Duration: 01:05Published
Tech Center: COVID-19 Safety Technology [Video]

Tech Center: COVID-19 Safety Technology

Pittsburgh Today Live's Mikey Hood has a look at some new technology for helping you to stay safe during the coronavirus pandemic.

Credit: KDKA CBS 2 Pittsburgh     Duration: 01:57Published

Tweets about this