Kontrol Technologies Corp (KNRLF)

[Sam Dan]

First sales to Toyota bodes well for the success of this project.
"Kontrol” or "Company") is pleased to announce it's first SmartFactory order form Toyota Tsusho Canada, Inc. The order is for an Ontario automotive manufacturing plant.

Following a detailed review of the Plant and it's operations, Kontrol and TTCI formulated an approximate $850,000 retrofit and upgrade program. Plant management has selected to begin with an initial SmartFactory upgrade of approximately $180,000 as part of it's capital budget for 2019. The balance of the upgrade program will be considered for the 2020 to 2023 capital budget period.

“We are pleased to receive our first SmartFactory order and excited about the potential opportunity in both Canada and the United States,” says Paul Ghezzi, CEO of Kontrol. “As we anticipated, operating Plants in the automotive sector typically have defined annual capital expenditure budgets and our SmartFactory solutions will fit into those budgets accordingly. Initial orders are anticipated to have follow up orders and repeat business.”

For the first order, the Plant will receive an upgrade to it's HVAC systems, a real-time water management system for it's paint process, real-time vibration sensors on various equipment and real-time management of all upgrades through the Kontrol Energy SmartMax® Gateway and SmartSite® software.
"We are impressed with Kontrol Energy’s demonstrated ability to use it's software technology and solutions to provide data collection and analytics so that each improvement within a Plant can be monitored and adjusted in real-time. We look forward to expanding our strategic alliance with Kontrol Energy across Canada, and also into the United States market to help our customers improve operating efficiencies and increase cost savings"; says Yuji Shibano, General Manager Energy Solutions Group.

Following the initial order Kontrol and TTCI are focused on rapidly expanding the SmartFactory solution across more than 200 automotive and automotive plants across North America."