Kontrol Energy Expands IoT Technology Solutions to Global Asset and Facilities Management
TORONTO, ON / ACCESSWIRE / 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 Billionin 2018 and will grow toUSD 59.33 Billionby 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.
Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com
For further information, contact us at admin@kontrolenergy.com Kontrol Energy Corp., 180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8 Tel: 905.766.0400, Toll free: 1.844.566.8123
