A small technology firm just announced that their technology has delivered a real-time detection of COVID-19 virus from its completed pilot in the Middle East. This is a huge feat to be accomplished, especially as new cases recently began soaring in countries such as Japan. Shares of Kontrol Technologies Corp (OTCQB:KNRLF) popped on the news.
Kontrol, a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.
Traders were bullish on the news as shares hit an early session high of $2.00/share (+47.06%) following the news.