- Kontrol Energy Corp. specializes in technology and acquisitions that improve energy usage efficiency to help clients cut costs and boost ‘good neighbor’ status
- Kontrol’s acquisitions during 2018 helped drive significant year-over-year revenue growth and record fourth quarter performance
- The company’s gross profit for the year rose by $1.8 million, thanks in large part to the activities of newly-acquired operations
Green digital technology platform developer Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) has developed its model for energy efficiency promotion into a growing, thriving operation that reported strong year-over-year growth during the past year and record revenues during the fourth quarter.
The company’s fiscal 2018 results, announced on April 30, showed a 100 percent increase in fourth quarter performance over the prior fourth quarter and a 56 percent increase for the year, as compared to the prior year (http://nnw.fm/pR8Bk). That translated into a gross profit for the year of $6.4 million – an increase of $1.8 million over the previous year, largely as a result of activity from newly-acquired businesses during the 12-month stretch.
Kontrol Energy uses cutting edge technology to help companies reduce their energy costs, increase the efficiency of their energy use and improve their balance sheets. By adding company acquisitions in the building automation systems, internet of things (IoT) and HVAC technology sectors to its portfolio strategy, the energy tech business is pursuing exponential growth in 2019 in the asset and facilities management industry.
Kontrol Energy’s growth plan was highlighted in a recent agreement to create a company that provides technological solutions and services to automotive original equipment manufacturer (OEM) clients through a joint venture with Toyota Tsusho Canada Inc. (“TTCI”) – a domestic branch of the Toyota automobile group’s trading company.
The company will help clients determine how to obtain the most efficiency from their production systems and will use data analysis and machine learning to manage energy use in real-time (http://nnw.fm/Cmv98).
“Picture an automotive plant with 5,000 sensors, each of those sensors reporting something in real time… and Kontrol collects the information,” CEO Paul Ghezzi said during an interview with Follow The Money (http://nnw.fm/3UjO5). “Using that information we optimize the facility. So you’ve got really two plays there — one is a retrofit of the plant, and two is recurring revenue on a SaaS (Software as a Service) basis. So where we are is Canada, U.S. and Mexico are the markets we’ve defined. But it really is a global opportunity; at some point I think we’ll be going global with it.”
According to Ghezzi, the company’s focus on technology for buildings is acknowledgment that, in North America, buildings consume about $250 billion in energy costs each year, with expectations that, during the next decade, buildings will consume half of the energy that the world produces.
“Where that’s coming from is the move from rural to city (societies). And as cities get bigger, they consume more energy,” Ghezzi continued. “About 30 percent of all that energy is lost to inefficiencies. So call that a $60 billion market, and that’s the space that we play in.”
Research and Markets analysts forecast growth at a CAGR of 7.8 percent for the global industrial emission control systems market between 2018 and 2024 (http://nnw.fm/3bTNh). Kontrol is also entering the booming cannabis space, advising cannabis industry clients on their emissions and odor amid concerns about neighbor impacts that accompany Canada’s move to full adult-use legalization of cannabis throughout the country.
For more information, visit the company’s website at www.KontrolEnergy.com
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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