Kontrol Technologies Corp. (OTCPK:KNRL.F) will look for acquisitions. Paul Ghezzi, Chief Executive Officer said, "We will seek to grow our cash balances to pay down secured debt obligation.

We're going to focus on scalable organic growth opportunities with high margins, a way to target accretive service and recurring revenue-based companies for potential acquisition. We will continue to innovate, grow our patent portfolio and intellectual property".