Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8) Creating Energy Efficient Solutions for Global Community

January 15, 2019 11:43:22
  • 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

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office