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-Real-time energy management and reduction of GHG emissions-
TORONTO – Kontrol Technologies Corp. (NEO: KNR) (OTCQB: KNRLF) (FSE: 1K8) (“ Control “or the” Society “), a leader in smart building technologies, is pleased to announce that the Company has been selected to deliver its SmartSuite energy management technology in 3 buildings covering over 330,000 square feet of real estate.
“We have developed our integrated suite technology to solve the challenges our customers face in managing their buildings and suites,” said Kristian Lavereau, director of smart building technology. “The ability to reduce energy waste, manage remote operations and reduce greenhouse gas (‘GHG’) emissions in real time gives our technology a significant advantage because we deliver value. to our customers. ”
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“Following a marketplace review, we selected Kontrol and their SmartSuite ® technology to help us control, manage and reduce apartment heating costs in three of our multi-unit residential buildings (apartments) in Ontario, ”said R. Jason Ashdown, Co-Founder and Chief Sustainability Officer, Skyline Group of Companies . “Heating costs are a major expense and one of the main sources of GHG emissions. With SmartSuite ® Providing smart sensors and cloud access to suite settings, our operations team can monitor energy consumption in real time and help reduce waste and GHG emissions. Skyline has always focused on sustainability. This partnership is the next step in providing a better standard of living for our tenants, staff and investors while reducing our environmental impact.
The SmartSuite ® installations will begin and end in the fourth quarter of 2021. Over a period of 10 years, it is expected that the SmartSuite ® The technology will provide approximately 2,882,850 kilowatt-hours of energy savings and approximately 2,000 tonnes of GHG emissions reduction.
Monetization of carbon credits
Following its previously announced press release dated September 28 e , 2021, these facilities will be eligible for Kontrol’s carbon credits monetization platform.
“We are delighted to welcome the Skyline group of companies to the Kontrol platform as we continue to deliver innovative technology to reduce energy waste and the corresponding GHG emissions,” said Paul Ghezzi, CEO of Kontrol Technologies.
Market size
There are over 40 million multi-residential units in North America covering thousands of buildings where the SmartSuite ® the technology can lead to significant reductions in energy waste and emission reductions. Kontrol is actively pursuing this market through its existing customer base and focusing on new customer additions. (www.statista.com)
About Kontrol Technologies Corp.
Kontrol Technologies Corp. (NEO: KNR) (OTCQB: KNRLF) (FSE: 1K8) is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware and service solutions to its customers to improve energy management, air quality and continuous emissions monitoring.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
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Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained in this document which are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information may be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “should”, “plan”, ” anticipate “,” intention “,” potential “,” proposed “,” estimate “,” believe “or the negative of these terms, or other similar words, expressions and grammatical variations, or statements that certain events or conditions” could “or” will “occur, or through strategy discussions.
When Kontrol expresses or implies an expectation or belief about future events or results, that expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. These assumptions include, but are not limited to, that sufficient capital will be available to the Company and that the technology will be as efficient as expected.
However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, if at all; that these technologies will not prove to be as effective as expected; such customers and potential customers will not accept the Company’s offer of products and services as expected; and government and regulatory factors affecting the energy conservation and carbon credits industry.
Therefore, one should not place undue reliance on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as of the date hereof and are based on the beliefs, estimates, expectations and opinions of management as of that date. Kontrol assumes no obligation to publicly update or revise these forward-looking statements or any forward-looking statements contained in any other document, whether as a result of new information, future events or otherwise, or to explain any differences. significant between subsequent actual events. and such forward-looking information, except as required by applicable securities laws. Readers are urged to carefully consider these and other potential factors, uncertainties and events, and not to place undue reliance on forward-looking information.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211029005354/en/
Contacts
Kontrol Technologies Corp.
Paul Ghezzi
CEO
info@kontrolcorp.com
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Phone. : (905) 766.0400
Investor Relations :
Brooks hamilton
MZ Group – MZ North America
KNRLF@mzgroup.us
Phone. : +1 (949) 546-6326
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