Kontrol Energy Appoints Mr. Samuel Reid to its Blockchain Advisory Board

TORONTO, Feb. 26, 2018 /CNW/ - Kontrol Energy Corp. (CSE:KNR, FSE:1K8) (the "Company" or "Kontrol") further to its announcement in the press releases dated Nov. 1, Dec. 20 and Dec. 28, 2017 has established a Blockchain Advisory Board that will assist the company's expansion into blockchain technology solutions. The company now welcomes Mr. Samuel Reid to the Advisory Board effective immediately.

Samuel Reid is a mathematician, business executive, inventor, and STEM polymath. As the CEO and a Co-Founder of Geometric Energy Corporation since June 2015, he delivers mathematical and scientific consulting to industry, academia, and government. He provides advisory services and execution to technology feasibility and development in energy systems and blockchain, with a focus on solid state sodium ion batteries, decentralized smart grids and assisting companies that want to integrate Distributed Ledger Technologies, as well as the interoperability of private and public ledgers.

Mr. Reid holds important positions in the blockchain and cryptocurrency space including Chief Blockchain Engineer of the Gibraltar Blockchain Exchange, the world's first government regulated token sale platform and cryptocurrency exchange. Since 2011, Mr. Reid has been focused on discrete geometry, logic, cryptographic security, quantum computing, and a variety of other highly technical fields of mathematics and computer science, along with vast experience in theoretical and experimental physics and chemistry.

"We are delighted to have Sam join our Blockchain Advisory Board to assist Kontrol with its expansion of Distributed Ledger Technology ("DLT") solutions for the distributed generation and carbon offset markets," says Paul Ghezzi, CEO of Kontrol. "Sam is a leader in the DLT sector and has participated in numerous significant DLT projects, including the Gibraltar Blockchain Exchange."

About Kontrol Energy Corp.

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.

Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward Looking Statements:

Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements regarding possible future acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth, the provision of solutions to customers and Greenhouse Gas emissions reductions, proposed financial savings and sustainable energy benefits and energy monitoring. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected that customers and potential customers will not be as accepting of the Company's product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.

SOURCE Kontrol Energy Corp.

Paul Ghezzi, CEO, [email protected]; Kontrol Energy Corp., 180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8 Tel: [phone], Toll free: 1.844.866.8123