- KNR aims to be an industry leading provider of energy efficiency and emission compliance solutions by utilizing IoT, Cloud and SaaS technology to reduce energy costs; it recently completed IP and patent purchases from Dimax Controls Canada, Inc.
- KNR offers cannabis infrastructure solutions and has received contracts with licensed producers (LPs) to provide energy efficiency tech that cuts greenhouse gas (GHG) emissions
- KNR, through a subsidiary, will provide emission compliance services to a cannabis company in Ontario, Canada
- The company has now applied for listing on the OTCQB Venture Market
Kontrol Energy Corp. (CSE: KNR) (OTC: OTSHF) (FSE: 1K8) is following its strategic growth plan by applying for a OTCQB Venture Market listing, which it believes will make it easier to attract more institutional and retail investors and offer ease of trading in the company’s common shares (http://nnw.fm/7Ougs).
In a news release, Paul Ghezzi, CEO of Kontrol Energy, said, “Currently we have an office in New York City and approximately 20% of the company’s consolidated revenues are generated in the U.S. With the company now on a $16 million revenue run rate, it is an opportune time to provide U.S. investors with a platform to more easily invest in Kontrol’s common shares.”
Kontrol Energy is an Ontario, Canada-based innovator in the energy efficiency sector, offering clients market-based energy solutions to reduce energy costs and cut GHG emissions. It achieves this by applying disruptive and integrated technologies. In its corporate presentation, Kontrol Energy projects that it is on track to be cash flow positive in the first half of 2019 (http://nnw.fm/82RjS).
Kontrol Energy continues to grow, as its subsidiary, ORTECH Consulting Inc., has been engaged to offer emission and odor compliance services to a cannabis company in Ontario, Canada. Ghezzi said, “As we continue to share our energy and emission services to the cannabis market, we continue to gain new customer wins.” He noted that the client is not named for competitive reasons (http://nnw.fm/etK4K).
Another segment of Kontrol Energy’s strategy is growth through strategic, accretive acquisitions. Kontrol Energy, through an asset purchase, recently acquired the IP and patents of Dimax Controls Canada Inc., and it has rebranded the energy software technology as Kontrol SmartSite (http://nnw.fm/p6gMT).
In April 2018, Kontrol Energy bought the operating assets of MCW Dimax Ltd. Now, it has purchased the IP formerly licensed to that company, which includes two U.S. patents and one Canadian patent. Ghezzi added, “The Kontrol SmartSite technology now joins Kontrol SmartSuite in our growing portfolio of IOT enabled energy and property technologies.”
For more information, visit the company’s website at www.KontrolEnergy.com
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
