The news just keeps on coming
KONTROL ENERGY PROVIDES SMART FACTORY UPDATE
Kontrol Energy Corp. has provided a corporate update relating to its Smart Factory platform and its growing software-as-a-service (SaaS) business. On March 25, 2019 Kontrol announced that it had entered into a strategic partnership with Toyota Tsusho. Working together Kontrol and Toyota will assist automotive and automotive parts factories achieve improved efficiencies in the areas of buildings, utilities and process. The key benefit to factory customers is the ability to reduce costs and improve operational profitability by being able to analyze, manage and adjust operations in real-time.
90-day Highlights
4 facilities reviewed
2 pilots completed
Up to $700,000 of revenue opportunities based on 2 facilities
Anticipating up to $2 Million in revenue opportunities for 2019
Paul Ghezzi stated, "We are excited about the Smart Factory platform potential as a new organic growth vertical for Kontrol. In approximately 3 months time we have been able to validate our technology and expedite two pilots and begin to focus on large revenue opportunities. The opportunity over hundreds of factories can be a very significant growth driver for Kontrol."
Software as a Service (SaaS)
Kontrol has designed a proprietary SaaS platform, including 2 patents, for buildings and industries to better manage their energy and facilities in real-time. For a typical building of up to 50,000 square feet in size Kontrol may integrate hundreds of sensors and for a factory of approximately 100,000 square feet in size Kontrol may integrate thousands of sensors into its SaaS platform. Through robust cloud analytics and automation Kontrol is able to communicate in real-time with any piece of equipment and provide optimization of process and increase profitability. Customers receive immediate feedback and can measure and track facility improvements immediately.
Paul Ghezzi continued, "We are now collecting and analyzing more than 2 Billion data points annually and are working diligently to scale our SaaS platform across our existing customer base and now a new growth vertical in Smart Factories. In addition, our SaaS platform can also drive new revenue streams in the maintenance and management of facilities through our real-time data analytics services."
According to MarketsandMarkets.com, the smart factory market is expected to reach USD $358.01 Billion by 2023. Smart factory refers to various fully integrated automation solutions adopted for manufacturing facilities. A fully optimized factory can provide a competitive advantage to OEMs seeking to reduce their overall operating costs and improve their profitability.
