- Kontrol Energy focuses on smart-energy solutions for North American customers
- The company is entering the cannabis sector with its energy-efficiency and emission-compliant solutions
- Kontrol Energy recently commenced trading on the OTCQB Venture Market
Based in Vaughan, Ontario, Kontrol Energy Corp. (CSE: KNR) (OTC: KNRLF) (FSE: 1K8) is a leader in the energy efficiency sector via IoT (Internet of Things), cloud and SaaS (Software as a Service) technology. The company integrates smart-energy devices, energy software and energy retrofits to help organizations benefit from energy cost savings while reducing greenhouse gas emissions. Kontrol offers its SmartMax intelligent energy technology. Recently, Kontrol Energy was named as the seventh-fastest growing start-up in Canada in 2018 by Canadian Business and Maclean’s.
The company’s specialty is the assimilation of smart-energy technologies and solutions for North American commercial and industrial property owners and operators. Kontrol is focusing on the large North American marketplace, where up to 30 percent of energy is wasted. As such, more than $50 billion is lost each year because of this waste (http://cnw.fm/2vwYN).
Industry analysts suggest that the multitrillion-dollar energy-efficiency market offers major opportunities over the next five years. Established market segments include energy retrofits ($71.4 billion), distributed generation ($179.9 billion), energy analytics ($33.5 billion) and greenhouse gas/carbon measurement and reduction ($1.2 trillion). The benefit to its customers is that Kontrol Energy’s solutions result in immediate and real-time energy savings in the range of 25 to 30 percent. As a result, the company’s customers have more control over energy use (http://cnw.fm/eT4LU).
With a focus on providing energy-efficiency assistance, Kontrol Energy is entering the cannabis vertical sector. The goal of its cannabis solutions is to provide energy efficiency and emission-compliance solutions to licensed producers. The company has two NDAs signed for generation and emission, and it anticipates adding 5 to 10 percent to top-line revenue over the next year (http://cnw.fm/5sUYE) via its cannabis initiatives.
Recently Kontrol Energy announced that its common shares are now trading on the OTCQB Venture Market (http://cnw.fm/LmG68) under ticker symbol ‘KNRLF’. The OTCQB Venture Market is a U.S. trading platform operated by OTC Markets Group in New York City.
Kontrol’s common shares will continue to trade on the Canadian Securities Exchange under symbol ‘KNR’ and on the Frankfurt Stock Exchange under symbol ‘1K8’. Eligibility for the OTCQB Venture Market involves companies being current in their financial reporting. Eligible companies must also pass a minimum bid price test and undergo a yearly company verification and management certification process.
In a news release, Kontrol Energy’s chief executive officer, Paul Ghezzi, said, “Listing on the OTCQB Venture is part of a long-term strategy to introduce the company to a broader audience. We believe trading on the OTCQB will help us enhance liquidity by providing our current and future U.S. investors with a trading platform.”
Kontrol Energy offers its customers the opportunity for high ROI on their investments in efficiency measures. The company also offers ROI opportunities to investors via its strategic accretive acquisitions and cannabis infrastructure solutions. With established operations and a strong customer base, Kontrol Energy continues to execute on its vision of smarter energy as it works to improve its customers’ bottom lines.
For more information, visit the company’s website at www.KontrolEnergy.com
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
Receive Text Alerts from CannabisNewsWire: Text “Cannabis” to 21000
For more information please visit https://www.cannabisnewswire.com and or https://CannabisNewsWire.News
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
CannabisNewsWire (CNW)
Denver, Colorado
www.cannabisnewswire.com
303.498.7722 Office
Editor@CannabisNewsWire.com
