Kontrol Energy (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8), a leader in the energy efficiency sector, today announced its entry into an agreement with Toyota Tsusho Canada Inc. (“TTCI”), a wholly owned subsidiary of Toyota Tsusho America, Inc., to implement Smart Factory technology solutions. Under the agreement, Kontrol and TTCI intend to establish a joint venture company to provide technology solutions that combine Kontrol’s Internet of Things (“IoT”) hardware and software solutions with TTCI’s existing production, operating improvement platforms, and power generation / HVAC products for the North American automobile and parts OEMs. “We are pleased to enter a significant new vertical market opportunity with a strong global partner in TTCI,” Kontrol Energy CEO Paul Ghezzi stated in the news release. “Working in partnership with a global industrial leader such as Toyota Tsusho also provides us with an opportunity to scale our technology solutions across a large potential global customer base.”
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About Kontrol Energy
Kontrol Energy Corp. 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 our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas emissions. For more information, visit the company’s website at www.KontrolEnergy.com.
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