Smart energy technology company Kontrol Energy (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) this morning announced that it has engaged a consultant to assist in its application for eligibility to The Depository Trust Company (“DTC”) for trading of the company’s shares on the U.S. OTC Market. The DTC, a subsidiary of the Depository Trust & Clearing Corporation, manages electronic clearing and settlement of publicly traded companies, and the electronic method accelerates the receipt of stock, cash and the settlement process for investors trading on the OTC marketplace. “Kontrol’s ongoing operating business expansion into the U.S. through both existing customers and new potential acquisitions is the primary reason that we seek to share our growth story with U.S. institutional and retail investors,” Kontrol CEO Paul Ghezzi commented in the news release. “When shares can trade electronically, existing investors benefit from greater liquidity and execution speeds, while opening the door to new investors that may have been previously restricted from transacting in company’s shares.”
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About Kontrol Energy Corp.
Kontrol Energy 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 provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (“GHG”) emissions. Kontrol Energy was recently announced as the 7th fastest growing Startup in Canada by Canadian Business and Maclean’s. Additional information about Kontrol Energy can be found on its website at www.KontrolEnergy.com.
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