- Kontrol
Energy Corp. is entering a joint venture with a Toyota Tsusho subsidiary
to build technological efficiency solutions for automotive industry
production
- The
joint venture with Toyota Tsusho Canada Inc. expects to launch pilot
operations in April
- Kontrol
recently announced its entry into the asset and facilities management
industry thanks largely to its acquisition of the SmartSite SAAS platform
- The
company also recently announced its seventh smart industry acquisition,
noting that it expects its first such acquisition in the United States by
the end of the year
- The
smart factory market is expected to grow at a CAGR of 9.76 percent to
$244.8 billion in revenues by 2024
Smart energy efficiency platform developer Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is
building a presence in the U.S. market with a burst of activity that befits its
core fundamentals for directing energy where it can be best used to greater
gain. The Ontario, Canada-based disruptive digital tech company is attuning the
power of its IoT product base to the automotive industry through a planned
joint venture with Toyota Tsusho Canada Inc. (“TTCI”) that is expected to scale
across North America on the heels of Kontrol’s announced entry into the global
asset and facilities management industry and expansion of its acquisition
targets into the U.S. market.
“We are pleased to enter a significant new vertical market
opportunity with a strong global partner in TTCI,” Kontrol CEO Paul Ghezzi
stated in announcing the joint venture company on March 25 (http://ibn.fm/gxNBz). “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.”
The agreement is to create a company that provides
technological solutions and services to Original Equipment Manufacturer (OEM)
clients in the automotive sector to help them get the most efficiency from
their production and to manage energy use in real-time, integrating
digitization, real-time data analysis and machine learning.
Under the agreement, which is expected to launch pilots in
April, Kontrol will design and provide monitoring software, quality assurance
and technical support to Toyota Tsusho and its customers. Kontrol will also
design and install building automation systems and heating and ventilation
equipment. TTCI, for its part, will obtain customers, conduct engineering and
installation and provide after-sales services to customers.
TTCI is a wholly owned subsidiary of Toyota Tsusho America
Inc. and operates with about $1 billion in annual revenues. The company’s
ultimate parent entity is Toyota Tsusho Corp., which was founded in 1948 as the
trading company for the Toyota Group of automobiles.
Analysts at markets research firm Markets and
Markets predict that the smart factory market, which focuses on the
technologies and methods being developed to improve end-user industry
production, will grow at a CAGR of 9.76 percent from $153.7 billion this year
to $244.8 billion by 2024 (http://ibn.fm/JjcZ5),
highlighting the profit potential of the joint venture.
On March 18, Kontrol announced its entry into the asset and
facilities management industry, stating that the company has been actively
developing smart-learning and predictive intelligence enhancements since
acquiring the SmartSite software as a service platform last year (http://ibn.fm/rvHXT).
“Through thousands of connected devices spread across an
entire facility with each device reporting in real-time our Customers gain
immediate visibility over the work environment to improve decision making and
address operational efficiencies,” Ghezzi stated in a news release. “Predictive
maintenance and real-time management of equipment, energy assets and facilities
is a rapidly growing global market which will be part of our organic growth in
2019 and beyond… We are pleased to start working with organizations that manage
millions of square feet of commercial and industrial facilities.”
Kontrol is targeting companies with operations relating to
building automation systems, the internet of things and the HVAC technology
sector for acquisition, and it announced an LOI for its seventh such
acquisition on March 14 while also stating that it will now turn its focus to acquiring
similar companies in the United States (http://ibn.fm/ge7dn).
“Through our wholly owned subsidiaries, Kontrol already has
a presence in the U.S. along with a growing customer base,” Ghezzi
stated (http://ibn.fm/xu0Gl).
“Accelerating our U.S. sales and market presence is part of our strategic plan
for 2019 and will undoubtedly provide us the opportunity to grow
exponentially.”
Ghezzi said that the company expects to make its first U.S.
acquisitions by the end of this year. The company states that it has been able
to use a combination of debt and equity to complete accretive acquisitions
while minimizing common shareholder dilution. Target acquisitions must have at
least half of their annual revenues as recurring income and have an established
large cap customer base that will have “cross revenue synergies,” as Ghezzi
noted.
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://ibn.fm/KNRLF
About QualityStocks
QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential. We offer several ways for investors to learn more
about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment