Smart energy technology company Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8) this morning announced that it has acquired the IP and patents of Dimax Controls Canada Inc. and subsequently rebranded the energy software technology as Kontrol SmartSite®. The newly-announced acquisition brings the IP that was formerly licensed to MCW Dimax, which Kontrol Energy acquired in April 2018, under the Kontrol Energy umbrella. Per the update, the asset purchase includes two U.S. patents and one Canadian patent. “Following the successful integration of the MCW Dimax team and operating assets into Kontrol Energy Group, we are pleased to have now closed on the IP and patents which will enable further technology development,” Paul Ghezzi, CEO of Kontrol Energy, stated in the news release. “The Kontrol SmartSite® technology now joins Kontrol SmartSuite® in our growing portfolio of IOT enabled energy and property technologies.”
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About Kontrol Energy Corp.
Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8) is a leader in the energy efficiency sector through IOT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to its customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions. For more information, visit the company’s website at www.KontrolEnergy.com
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