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Monitoring and Service Options to Drive Recurring Income
TORONTO — Kontrol Applied sciences Corp. ( NEO:KNR) ( OTCQB:KNRLF) ( FSE:1K8) (“Kontrol” or the “Firm“), a frontrunner in good constructing applied sciences, is offering its clients with new constructing automation controls and monitoring options for water conservation, together with building-level and in-suite expertise.
“The core of our development technique is to seize further market share in every constructing in our working footprint, whereas scaling throughout our buyer portfolios,” stated Paul Ghezzi, CEO of Kontrol. “Our clients search a unified platform to raised handle their buildings and demanding vitality infrastructure, together with the more and more essential water monitoring vertical. The extra expertise Kontrol deploys to offer real-time information and controls for essential infrastructure and utilities, the larger our capability to ship worth to our clients, and in the end to our shareholders.”
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A New Regulated Market
Kontrol is coming into the water reporting, monitoring and conservation market resulting from growing laws and the significance of decreasing water waste. It’s typical that the majority massive buildings report their annual water utilization and water conservation plans. Importantly, areas which can be impacted by drought measures may embody regulated conservation.
Integration with World HVAC and Automation
Via integration with its newest acquisition of World HVAC and Automation (“World”), Kontrol will provide its clients good meters and sensors on its unified SmartSite platform. Good water meters are an essential device to assist finish customers optimize water useful resource, monitor for leaks, and supply real-time service, nonetheless they typically lack a simple to make use of and unified platform.
“This new alternative is an instance of our continued integration with World’s operations,” continued Ghezzi. “Previous to the acquisition, World was outsourcing all constructing expertise to 3rd events. We are actually working diligently to carry these alternatives in-house and add to what’s being supplied to clients on a recurring foundation.”
Recurring Revenues
Because the Firm deploys its expertise to mixture information, monitor and supply good studying alternatives to optimize buildings in real-time, it seeks to create recurring revenues via each software program and repair. Clients can profit from distant shutoff functionality, information visualization, leak monitoring and total consumption measured towards conservation measures.
New Development and Constructing Retrofit
With the completion of the World acquisition, the Firm can now provide options each within the new building and retrofit market.
About Kontrol Applied sciences Corp.
Kontrol Applied sciences Corp. ( NEO:KNR) ( OTCQB:KNRLF) ( FSE:1K8) is a frontrunner in good buildings and cities via IoT, Cloud and SaaS expertise. Kontrol supplies a mix of software program, {hardware}, and repair options to its clients to enhance vitality administration, air high quality and steady emission monitoring.
Extra details about Kontrol Applied sciences Corp. might be discovered on its web site at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any inventory trade or different securities regulatory authority accepts accountability for the adequacy or accuracy of this launch.
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Ahead-Trying Statements
This information launch accommodates “forward-looking data” inside the which means of relevant securities legal guidelines. All statements contained herein that aren’t clearly historic in nature could represent forward-looking data. In some circumstances, forward-looking data might be recognized by phrases or phrases similar to “could”, “will”, “count on”, “seemingly”, “ought to”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “imagine” or the detrimental of those phrases, or different related phrases, expressions, and grammatical variations thereof, or statements that sure occasions or circumstances “could” or “will” occur, or by discussions of technique.
The place Kontrol expresses or implies an expectation or perception as to future occasions or outcomes, such expectation or perception relies on assumptions made in good religion and believed to have an affordable foundation. Such assumptions embody, with out limitation, that enough capital might be out there to the Firm and that expertise might be as efficient as anticipated.
Nonetheless, forward-looking statements are topic to dangers, uncertainties, and different elements, which might trigger precise outcomes to vary materially from future outcomes expressed, projected, or implied by such forward-looking statements. Such dangers embody, however aren’t restricted to, that enough capital and financing can’t be obtained on cheap phrases, or in any respect; that these applied sciences is not going to show as efficient as anticipated; these clients and potential clients is not going to be as accepting of the Firm’s product and repair providing as anticipated; and authorities and regulatory elements impacting the vitality conservation trade.
Accordingly, undue reliance shouldn’t be positioned on forward-looking statements and the forward-looking statements contained on this press launch are expressly certified of their entirety by this cautionary assertion. The forward-looking statements contained herein are made as on the date hereof and are based mostly on the beliefs, estimates, expectations, and opinions of administration on such date. Kontrol doesn’t undertake any obligation to replace publicly or revise any such forward-looking statements or any forward-looking statements contained in another paperwork whether or not because of new data, future occasions or in any other case or to clarify any materials distinction between subsequent precise occasions and such forward-looking data, besides as required below relevant securities regulation. Readers are cautioned to think about these and different elements, uncertainties, and potential occasions rigorously and to not put undue reliance on forward-looking data.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20211012005713/en/
Contacts
Kontrol Applied sciences Corp.
Paul Ghezzi
CEO
info@kontrolcorp.com
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400
Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
KNRLF@mzgroup.us
Tel: +1 (949) 546-6326
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