Kontrol Energy Introduces SmartSuite(R) Energy Management Technology for Global Commercial, Multi-Residential and Hospitality Real Estate Market
, ("Kontrol" or the "Company") is pleased to announce that it has launched a new IOT energy management hardware and software solution for the global commercial, multi-residential and hospitality real estate market.
On December 1, 2016 Kontrol acquired the assets of LOG-1 EMS an energy management thermostat with more than 20,000 units deployed across Canada. The LOG-1 EMS has now been replaced and rebranded as the Kontrol SmartSuite® thermostat.
Kontrol is pleased to announce that beginning in Q1, 2019 existing customers will begin to pilot the SmartSuite® thermostat in commercial, multi-residential and hospitality buildings. Kontrol’s customers include some of the largest REITS in North America.
Designed for the commercial, multi-residential and hospitality building sectors and driven by the move to smart buildings and smart cities, the SmartSuite®thermostat has the ability to connect into existing building automation systems and to also communicate with utilities.
Providing in-suite energy management with rich analytics and user interfaces, the SmartSuite® thermostat delivers energy savings, comfort and measurable GHG reductions.
The SmartSuite® capabilities include:
• Real-time energy management and conversation
• Rich data analytics
• Smart learning algorithms
• Multiple user interfaces
• Bluetooth connection
• Integrated with window and door sensors
• Ability to communicate with utilities
"As part of our key strategic objectives for 2019 we seek to accelerate our technology solutions for the digitization of energy and to expand our property technology (proptech). We are also focused on expanding both our energy IOT hardware and software solutions globally," says Kristian Lavereau, COO Kontrol Energy.
The global Internet of Things (IoT) in market size is expected to reach USD 94.44 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 21.5% CAGR during the forecast period.
