- 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://ibn.fm/MGCJm).
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://ibn.fm/rPJcO).
“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://ibn.fm/uZgt6).
“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://ibn.fm/hgQOs).
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 athttp://ibn.fm/KNRLF
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