Another possibly major new technology developed by the company to enhance revenue for the company!KNR a leader in the Market Place.
"KNR ("Kontrol" or 'Company') a leader in the energy efficiency sector through IoT, Cloud and SaaS technology announces that it is launching its new energy technology for the commercial, multi-residential, hospitality and industrial building market.
The SmartSuite solution has been in development for the past 2 years and is now certified for the Canadian market. As part of the launch Kontrol is entering into pilots with three leading commercial real estate management companies. Under the terms of the pilots Kontrol will install its SmartSuite hardware and software in three buildings for a period of 60 days.
Combining leading energy management in real-time with rich cloud analytics and smart learning algorithms, the SmartSuite technology is much more than a traditional smart thermostat.
"Our technology delivers energy savings in real-time by automating up to 80% of heating and cooling controls and provides instant analysis and feedback through our proprietary cloud solution," says Kristian Lavereau, COO of Kontrol Energy. "Our plan is to deliver our technology on a Software as a Service (SaaS) basis allowing our customers the opportunity to avoid large capital expenditures and benefit from immediate energy savings."
According to the EIA, North American buildings consume approximately $200 Billion USD in energy annually and up to 30% of that energy consumption is lost due to inefficiencies. Kontrol's technology addresses that challenge by providing real-time energy savings through enhanced automation, smart learning algorithms and rich analytics in the cloud.
"For the first time real estate managers and owners will be able to assess their best performing building and best performing suites across their entire portfolio in real-time," continues Mr. Lavereau. "Delivering our technology through a SaaS model provides us with a unique market opportunity."
Concurrent with the pilots in Canada, Kontrol is in various non-binding negotiations to begin pilots in the USA and is also in the process of achieving the required certifications for key USA markets. An update on the pilots will be provided in Q1, 2020 as well an update on progress of expanding into the USA.
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (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."
