- Kontrol Energy Corp. is entering a joint venture with a Toyota Tsusho subsidiary to build technological efficiency solutions for automotive industry production
- The joint venture with Toyota Tsusho Canada Inc. expects to launch pilot operations in April
- Kontrol recently announced its entry into the asset and facilities management industry thanks largely to its acquisition of the SmartSite SAAS platform
- The company also recently announced its seventh smart industry acquisition, noting that it expects its first such acquisition in the United States by the end of the year
- The smart factory market is expected to grow at a CAGR of 9.76 percent to $244.8 billion in revenues by 2024
Smart energy efficiency platform developer Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is building a presence in the U.S. market with a burst of activity that befits its core fundamentals for directing energy where it can be best used to greater gain. The Ontario, Canada-based disruptive digital tech company is attuning the power of its IoT product base to the automotive industry through a planned joint venture with Toyota Tsusho Canada Inc. (“TTCI”) that is expected to scale across North America on the heels of Kontrol’s announced entry into the global asset and facilities management industry and expansion of its acquisition targets into the U.S. market.
“We are pleased to enter a significant new vertical market opportunity with a strong global partner in TTCI,” Kontrol CEO Paul Ghezzi stated in announcing the joint venture company on…
NOTE TO INVESTORS: The latest news and updates relating to KNRLF are available in the company’s newsroom at http://nnw.fm/KNRLF
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