Kontrol Energy Expands IoT Technology Solutions to Global Asset and Facilities Management
TORONTO, March 18, 2019 - Kontrol Energy Corp. (CSE: KNR, OTCQB: KNRLF, FSE:1K8) (“Kontrol” or "Company") announces expansion of its current IoT Technology solutions into the global Asset and Facilities Management industry.
Paul Ghezzi, CEO of Kontrol Energy commented: “Predictive maintenance and real-time management of equipment, energy assets and facilities is a rapidly growing global market which will be part of our organic growth in 2019 and beyond.” Mr. Ghezzi continued: “We are pleased to start working with organizations that manage millions of square feet of commercial and industrial facilities. This vertical has the potential to be a source of significant growth for Kontrol.”
Kontrol’s IoT Technology
Facilities and asset optimization driven by smart IoT hardware and software is much broader than energy savings initiatives alone. Kontrol’s technology advancement will allow the Company to deliver end-to-end facilities management to our customers such as real-time building data management, centralized asset performance, fault detection, predictive analytics and corrective workflow.
Paul Ghezzi went on to state: “Following our acquisition of the SmartSite® Software as a Service (SaaS) platform in 2018, we have been actively developing smart-learning and predictive intelligence enhancements. Through thousands of connected devices spread across an entire facility with each device reporting in real-time our Customers gain immediate visibility over the work environment to improve decision making and address operational efficiencies.”
The benefits of Kontrol’s IoT technology delivered in real-time include streamlined manufacturing processes, workforce efficiency, longer asset life, enhanced energy savings, operating cost reduction and labor optimization.
What is Driving Global Growth in Asset and Facilities Management
Traditionally, building automation and facility management have been independent of each other resulting in significant operational inefficiencies. As organizations seek to increase productivity and improve profitability, choosing a Solutions Provider with proven smart and predictive technologies coupled with IoT and data analytics is critical to achieving these goals. According to Research and Markets, the Facilities Management global market size was USD 34.65 Billion in 2018 and will grow to USD 59.33 Billion by 2023, a Compound Annual Growth Rate (CAGR) of 11.4%. The major growth factors include the development of sustainable infrastructure, and the adoption of IoT and connected devices for building automation across industry verticals. Moreover, there is an increasing need to meet environmental and regulatory compliance.
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.
Kontrol Energy was recently announced as the 7th fastest growing Startup in Canada by Canadian Business and Maclean’s.
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Kontrol Energy Corp.
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Certain information included in this press release, including information relating to the expansion of the Company’s current Technology solutions into the global Asset and Facilities Management industry; that predictive maintenance and real-time management of equipment, energy assets and facilities is a rapidly growing global market; future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements regarding the Offering, possible future acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth, the provision of solutions to customers and greenhouse gas emissions reductions, proposed financial savings and sustainable energy benefits and energy monitoring. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that the Offering will be successful, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others. 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, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected that customers and potential customers will not be as accepting of the Company's product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. Accordingly, undue reliance should not be placed 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 at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.