Kontrol Technologies Corp (KNRLF)

[Sam Dan]

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Further update from KNR as they build up revenue production
Kontrol Energy Corp. (CSE:KNR, FSE:1K8), ("Kontrol" or the "Company") has been selected by one of Canada's leading real estate asset management firms, to deliver a central heating plant for 4 multi-residential buildings with 425 apartment units. The value of the project is $1.9 million and will begin immediately with substantial completion anticipated for Q1 of 2019. The central heating plant will be augmented with the addition of a $400,000 co-generation system in Q2 2019 to further improve efficiency. For industry competitive purposes the Real Estate Asset Manager will not be disclosed. “Our vertically integrated energy solutions deliver energy savings in real time to improve operating efficiencies, reduce net operating income and increase property valuations,” says Paul Ghezzi, CEO Kontrol Energy.
In addition to the central heating plant, Kontrol will provide its real-time energy management system to manage the energy demand and consumption of each of the multi-residential buildings.
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR, FSE: 1K8) 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 (GHG) emissions.
Kontrol Energy was recently announced as the 7th fastest growing Startup in Canada by Canadian Business and Macleans