- Creating a more sustainable future through lower energy use and emissions in the cannabis industry
- Introduced SmartSuite® thermostat, which will be piloted this year to existing customers
- Focused on expanding energy IOT hardware and software solutions globally
With over 40 years of combined clean energy management experience, Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8) has the ability to cut the cost of energy and reduce greenhouse gas (GHG) emissions. Cannabis growers have begun to use Kontrol’s solutions, as traditional growing methods require large amounts of energy and are responsible for 30 percent of the growers’ expenses. By providing smart energy management and emission compliance solutions, Kontrol is staying true to the company’s vision of actively participating in the creation of a more sustainable future.
In a news release, Paul Ghezzi, CEO of Kontrol Energy, stated, “As cannabis moves to become a global commodity the ability to source lower costs of energy with real-time analytics and management is increasingly important.” However, the cannabis industry is not the only global market for Kontrol.
On January 8, 2019, the company issued a press release (http://nnw.fm/MS5Oy) introducing the SmartSuite® thermostat, a wireless, loT-connected energy saving technology designed to maximize ROI, increase tenant interaction and retention and grow property valuation. The SmartSuite® is able to connect into existing building automation systems, communicate with utilities and provide in-suite energy management that’s complete with analytics and user interfaces. This thermostat will be piloted to existing customers in commercial, multi-residential and hospitality buildings.
Kristian Lavereau, COO of Kontrol, added, “As part of our key strategic objectives for 2019 we seek to accelerate our technology solutions for the digitization of energy and to expand our property technology (proptech). We are also focused on expanding both our energy IOT hardware and software solutions globally.”
Collectively, companies lose $50 billion each year in energy costs, which translates to roughly 30 percent of energy use wasted. Kontrol believes that there is a better way. The company stands behind its vision that any building can be smart. Kontrol is already working to lower energy use and emissions in commercial buildings, multi-residential buildings, commercial cannabis, utilities, manufacturing and education. The company is reshaping the way customers use, manage and allocate energy resources.
Kontrol Energy was recently announced as the seventh-fastest growing startup in Canada by Canadian Business and Maclean’s. In less than two years, the company’s revenue run rate has grown from $1.8 million to $15 million. The company’s strategy consists of a combination of disciplined mergers and acquisitions combined with organic growth.
For more information, visit the company’s website at www.KontrolEnergy.com
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