Kontrol Technologies Unveils BuildX AI and Secures Loan Deal
Kontrol Technologies Corp. (CBOE.CA: KNR) (OTCQB: KNRLF) (FSE: 1K8), a leading Canadian technology company specializing in smart buildings and sustainable infrastructure, has announced the launch of its new BuildX AI platform, aimed at modernizing HVAC and building systems for commercial and industrial customers. Alongside this launch, the Company also provided a corporate update and disclosed a loan agreement with its CEO.
BuildX AI: Revolutionizing Building Operations
Kontrol Technologies currently serves over 400 commercial and industrial buildings across North America with advanced HVAC solutions and energy management services. Its new BuildX AI platform marks a significant milestone in the Company’s innovation journey, bringing artificial intelligence and IoT-driven analytics into the core of building operations.
Unlike traditional building management systems that emphasize routine maintenance and equipment replacements, BuildX AI is designed to offer deep integration of data, advanced diagnostics, and actionable insights that optimize both operations and capital planning. By bridging the gap between legacy systems and next-generation technologies, BuildX AI seeks to unlock substantial efficiencies for asset managers, facility operators, and property owners.
“AI enables us to process vast amounts of data and deliver actionable insights for better asset management and streamlined operations,” said Paul Ghezzi, CEO of Kontrol Technologies. “We are in the early stages of growing our AI platform and are planning multiple customer pilots over the next six months.”
Technology Behind BuildX AI
The BuildX AI platform is engineered to seamlessly connect with existing HVAC and building infrastructure without requiring full system overhauls. This interoperability allows building owners to adopt the technology without excessive upfront investment. Key features of BuildX AI include:
- Real-time monitoring and analytics via cloud-based dashboards
- Integration of drones and smart sensors throughout buildings to capture granular environmental and performance data
- AI-driven insights for predictive maintenance, fault detection, and energy consumption optimization
- Enhanced decision-making tools for capital expenditure planning and asset lifecycle management
By combining machine learning with continuous feedback loops from physical assets, BuildX AI helps users identify performance issues, inefficiencies, and safety concerns before they escalate into costly problems. The use of drones and IoT sensors extends the reach of facility management teams, allowing inspections and diagnostics in hard-to-access areas.
The company intends to roll out pilot programs with selected customers over the next half-year and will provide updates as pilot outcomes are analyzed.
Strategic Vision and Acquisitions
Alongside its product innovation, Kontrol Technologies is actively exploring strategic acquisition opportunities to expand its capabilities and market reach. The Company is currently in discussions with multiple targets. However, all potential acquisitions remain subject to due diligence and the negotiation of definitive agreements.
“We believe that growth through strategic acquisitions is key to enhancing our technology stack and customer base,” said Ghezzi. “Each opportunity is evaluated carefully for alignment with our core mission of sustainable and intelligent building solutions.”
While no formal agreements have been reached at this stage, Kontrol plans to provide additional updates to shareholders once negotiations advance to finalized deals.
Related Party Loan Agreement
In a separate announcement, the Company disclosed that on May 2, 2025, it entered into a loan agreement with its CEO, Paul Ghezzi. Under the agreement, Kontrol will loan Ghezzi a principal amount of $680,000, repayable within one year. The loan will carry interest at the Canada Revenue Agency’s (CRA) prescribed rate and is structured under standard commercial terms.
Importantly, this transaction qualifies as a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). However, it is exempt from the formal valuation and minority shareholder approval requirements of the regulation because the total loan amount represents less than 25% of the Company’s market capitalization.
To ensure sound governance practices, the loan was unanimously approved by all independent directors of the Company, with Ghezzi abstaining from the vote due to his personal involvement in the transaction.
Kontrol stated that the loan arrangement complies with legal and ethical standards, and was put in place following proper disclosure and board review procedures.
About Kontrol Technologies
Kontrol Technologies Corp. is a Canadian public company at the forefront of smart building technologies, IoT integration, and sustainable infrastructure. Through its suite of cloud-based solutions and expert services, the Company helps clients optimize energy usage, reduce emissions, and improve operational performance across commercial and industrial facilities.
Operating in the rapidly growing market of intelligent buildings, Kontrol’s offerings span:
- Energy efficiency and emissions monitoring
- Building automation and control systems
- Remote diagnostics and fault detection
- Data analytics and visualization tools
Kontrol’s mission is aligned with the global movement toward net-zero carbon targets and digitally enabled infrastructure, delivering value not only to its customers but also to society at large.
