Kontrol Receives $405,000 Order from New USA Industrial Customer
Technology solutions for global gas emissions monitoring
Toronto, ON / Accesswire / February 26, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol" or 'Company') a leader in the energy efficiency sector through IoT, Cloud and SaaS technology announces it has received a CDN$405,000 order from a new USA industrial customer for the implementation of a continuous gas emission monitoring system.
The customer operates an industrial glass manufacturing facility and is regulated to deliver continuous emission data at the local and state level. Under the terms of the installation, Kontrol will provide both process control and government regulated emissions monitoring equipment. The installation is anticipated to commence in Q2 2020 and be completed in Q3 2020.
Software and Service Recurring Revenues
Following the completion of the installation Kontrol will deliver ongoing service and software monitoring on a recurring revenue basis and in the approximate amount of $40,000 per annum.
"Given the importance of continuous gas emission regulation and real-time data for local and state governments in the USA, we are anticipating increased demand in the gas emission monitoring sector. This demand for our solutions is further driven by the increase in accountability for greenhouse gas reductions", says Paul Ghezzi, CEO of Kontrol.
Clarification to Press Dated February 24, 2020
As per the press release dated February 24th, 2020 in relation to Kontrol's engagement of Integrous Capital to provide investor relations services in the United States, Kontrol will pay Integrous $12,500 USD per month for a period of 6 months.
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is a leader in the energy efficiency and smart building 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 is one of Canada's fastest growing companies in 2018 and 2019 as ranked by Canadian Business and Maclean's.
Source: Kontrol Energy Corp.
