A very significant achievement reported from a revenue production area of the company. I am anxious to hear the report promised on the 29th
"("Kontrol" or "Company") is pleased to announce that it has successfully completed the previously announced pilot for continuous process improvement, through its wholly owned subsidiary, CEM Specialties Inc. ("CEMSI") in the facility of a global leading plant-based meat substitute company.
Under the terms of the pilot, CEMSI installed process analyzer equipment (the "analyzer") and associated real-time monitoring services to assist in the rapid evaluation, measurement and validation of organic inputs. The value of the installed analyzer and services is approximately $150,000 USD. Following the successful completion of the pilot on November 22nd, 2019, the pilot Customer (the "Customer") has indicated that they intend to purchase 2 analyzers for a total of approximately $300,000 USD as an initial order. The order is anticipated to be placed within 2 weeks following the completion of the pilot. The Customer has also indicated that at the time of the order Kontrol will be able to use their name and globally recognized brand in a joint press release.
The Customer operates 6 global facilities and each facility may require up to 10 analyzers per location to meet their production demands.
"Our team was able to rapidly deploy this new customized industrial technology solution and deliver great results for the Customer," says Gary Saunders, President of CEMSI.
"We are pleased that we delivered this successful pilot for a new industrial technology application in a rapidly growing market," says Paul Ghezzi, CEO of Kontrol Energy. "We look forward to growing our technology solutions with the Customer globally."
