Further update from management re company growth
("Kontrol" or the "Company"), as part of its overall growth plansfor 2019, is targeting a number of strategic and accretive acquisitions.
Energy Retrofit and Emission Compliance
The immediate area of strategic focus for the Company is to grow its current operations in energy retrofits and emission compliance with an aim to expand across Canada through a number of accretive acquisitions. As part of Kontrol's consolidation strategy, the Company has identified numerous potential acquisitions at attractive valuations.
Energy Retrofit
An energy retrofit represents an upgrade to the energy performance of commercial building assets for their ongoing life. Retrofits involve modifications to existing commercial buildings that seek to improve energy efficiency or decrease energy demand. "As we work to vertically integrate our business and develop new energy technologies, gaining market share and customers through a strategic acquisition supports our growth objectives," says Paul Ghezzi, CEO Kontrol Energy.
Emission Compliance
Kontrol currently operates in the emission compliance market as a supplier of turn-key equipment installation and ongoing measurement and reporting. Kontrol's customer base includes large integrated oil and gas producers, mining conglomerates, global cement companies, and industrial manufacturers. "Our 2019 growth plan includes establishing a national footprint through an acquisition in both Western and Eastern Canada," continues Paul Ghezzi, "Further, as a growing share of our revenues are being driven by US customers, we have recently added a Texas sales office."
Organic Growth
In addition to accretive acquisitions, the Company is targeting organic year over year growth rates above 20%. The organic growth will be primarily driven by the Company's energy technology and revenue synergies across the Company's operating subsidiaries.
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.
