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Sam Dan Member Level  Wednesday, 05/30/18 08:43:24 AM
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Kontrol Energy to integrate Artificial Intelligence (AI) into latest Energy Software acquisition
Canada NewsWire

TORONTO, May 30, 2018

TORONTO, May 30, 2018 /CNW/ - Kontrol Energy Corp. ("Kontrol", or the "Company") (CSE:KNR, FSE:1K8) a leader in the energy efficiency market through IOT, Cloud and Blockchain technology is pleased to announce that its most recent acquisition operating as ("iDimax") will be adding Artificial Intelligence (AI) across its energy software platform. iDimax operates as a Software as a Service (SaaS) platform and has more than 10 years of successful operating history across 12 million square feet of commercial real estate including some of Canada's largest institutional real estate owners and managers.

Kontrol Energy to integrate Artificial Intelligence (AI) into latest Software as a Service acquisition (CNW Group/Kontrol Energy Corp.)

"When we acquired iDimax our immediate short-term goals were to add AI across the portfolio of buildings to rapidly grow their SaaS revenues and integrate their technology across our consolidated customer base," says Paul Ghezzi, CEO Kontrol Energy. "The AI platform will be rolled out to existing customers and given iDimax is currently collecting over 2 Billion data records per annum, we are excited to enhance what we can offer to both existing and new customers."

Through its real-time energy monitoring software iDimax provides both deep energy savings through optimization while improving asset performance and useful life. The iDimax technology has been designed to work with all forms of building automation and can be installed in a low-cost and timely manner providing live streaming dashboards to property managers, portfolio managers, asset managers and key decision makers.

Kontrol's AI solution is designed to track consumption relative to the energy equipment installed on site and analyze both deficiencies and potential optimization points in real-time. The more data which is collected the smarter the AI becomes. The AI upgrade compliments existing competitive advantages of low-cost of installation and rapid deployment with minimal hardware requirements.

"In addition to expanding our customer base across Canada we are in discussions with numerous potential US customers in various stages of negotiations," continues Paul Ghezzi. "With more than 15 Billion data records collected and analyzed the IDimax technology is both proven and scalable. Growing our SaaS revenues is a key strategic objective for Kontrol."

In addition to the AI upgrade, Kontrol is actively developing various mobile and desktop applications to enhance the real-time energy analytics, optimization and performance metrics delivered by the iDimax technology. The AI upgrade and mobile applications are planned to be released in Q4, 2018.

About Kontrol Energy

Kontrol Energy Corp. (CSE: KNR, FSE: 1K8) is a leader in energy efficiency through IOT, Cloud and Blockchain 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 (GHG) emissions.

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