Update by KNR
"On August 9, 2016?Kontrol Energy Corp. (CSE: KNR) (?Kontrol?) announced the completion of its reverse take-over transaction with Arrowhead Gold.? Kontrol?s securities trade on the Canadian Securities Exchange (?CSE?) under the symbol ?KNR?.?
Kontrol is a leader in energy efficiency solutions and Internet of Things (IoT) enabled technologies designed to lower the energy consumption of buildings and optimize energy management while providing a corresponding reduction in Green House Gas emissions."
Through a robust mergers and acquisition strategy, combined with organic growth, Kontrol is positioned for continued success. The Energy Efficiency sector can be broadly defined as those businesses delivering products and services focused on energy conservation, energy storage and renewable energy power generation. Energy efficiency is the fastest growing energy sector globally. According to the IEA (Independent Energy Agency), ?energy efficiency is the invisible powerhouse to improve our energy security, lower energy bills and move us closer to reaching our climate goals.?
Kontrol has recently acquired an established Energy Management System (EMS) technology. By adding IOT and mobile application capability, the company intends to create a recurring revenue platform through a SaaS (software-as-a-service) model. The Kontrol EMS technology will provide for preprogrammed heating and cooling automation, smart learning algorithms, and more environmental control while delivering best-in-class energy savings.
The company anticipates that the Kontrol EMS technology will add $4-million of revenue in 2017 with an anticipated 50-per-cent gross margin. Along with the most recently announced potential acquisition and a growing number of potential acquisitions in various stages of due diligence, the company continues to execute on its business plan."
