- Kontrol Energy focuses on lowering energy costs and reducing greenhouse gas emissions
- The company’s emphasis is IoT, Cloud and SaaS technology
- Kontrol’s corporate strategy involves mergers and acquisitions, organic growth and cannabis sector initiatives
Established in 2015, Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8) provides market-based energy solutions to organizational customers. The company’s goal is lower energy costs and decreased greenhouse gas emissions via the use of smarter energy solutions. Kontrol’s emphasis is on enhancing energy performance in commercial, multi-residential and mission critical buildings. In addition, it has received contracts with licensed producers (LPs) in the cannabis sector. Kontrol Energy is headquartered in Vaughan, Ontario. Kontrol received recognition as Canada’s seventh-fastest growing startup in 2018.
The company is a leader in the energy efficiency sector by way of IoT (Internet of Things), Cloud and SaaS (Software-as-a-Service) technology. Kontrol’s energy solutions aim to lessen customers’ overall cost of energy while providing a corresponding decrease in greenhouse gas (GHG) emissions. Kontrol provides integrated smart energy technologies and solutions to blue chip customers in the U.S. and Canada (http://nnw.fm/GiFk2).
Kontrol Energy is focusing on its development through two pathways – acquisitions and organic growth. The company has completed six acquisitions so far at attractive valuations. Kontrol notes that there are numerous cross-sales and operating efficiencies across these acquisitions (http://nnw.fm/qcX9k).
One example of Kontrol’s M&A strategy is its acquisition of CEM Specialties, Inc. CEM is a market leader in turn-key emission monitoring equipment and solutions. Another example is the acquisition of ORTECH Consulting, Inc. ORTECH is an engineering consulting firm. It specializes in GHG reporting, emission testing, air quality testing and renewable energy/power consulting (http://nnw.fm/5RKkE). Therefore, these acquisitions tie into Kontrol’s objective of reducing GHG emissions.
Regarding organic growth, Kontrol’s strategy focuses on the acceleration of IoT devices and SaaS. The company has an organic growth target of 40 percent annually. Its aim is recurring revenues via energy management and analytics, as well as real-time data delivery. At present, Kontrol has energy software installed in 180 buildings. This software monitors and records HVAC equipment and utilities in real-time and sends the data securely to Kontrol’s Tier 1 data center.
Concerning building analytics, Kontrol Energy provides its customers with the information needed to boost operational visibility. With its analytics, Kontrol makes it possible for customers to identify opportunities for performance improvement. Moreover, businesses can share this vital information across teams and organizations (http://nnw.fm/8Ykhm).
This year, Kontrol Energy entered the cannabis market as a supplier of energy services. The goal of its services is to provide energy efficiency and emission compliance solutions, which are of vital importance to licensed producers. Kontrol assists cannabis growers in reducing the cost of energy. It also supports mission critical infrastructures in the cannabis sector. Kontrol Energy has so far obtained two contracts to provide energy efficiency services to LPs in the Canadian cannabis sector.
Kontrol Energy offers investors potential growth opportunities with its disciplined M&A strategy in tandem with organic growth. The company continues to advance initiatives regarding optimizing energy performance in buildings and supplying the cannabis market with first-rate energy services. Kontrol remains dedicated to its vision of smarter energy solutions for buildings and cities.
For more information, visit the company’s website at www.KontrolEnergy.com
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