Press Release Summary:
Allowing device to device, device to Cloud, device to smart phone and tablet communication, Kontrol Energy Management System 2 is integrated with advanced internet of things. Offering remote settings adjustment and control functionality, unit uses data and analytics for heat and cooling. Based on real time learning algorithm, product comes with door and window sensors to support in-suite automation.
Original Press Release:
Kontrol Energy Corp. to Launch Next Generation Energy Management System (EMS) and Offer Energy as a Service Solution
Following the acquisition of the Log-One Ltd. Energy Management System (EMS) in December, 2016 and the subsequent rebranding of the technology to the Kontrol EMS, Kontrol Energy Corp. (the "Company") has commenced the upgrade to the next generation version of the EMS technology.
The upgraded version, Kontrol EMS 2 (EMS 2) is expected to begin sales in Q4 of 2017. The Company continues to sell the existing version of the EMS technology.
The EMS 2 will include a robust Internet of Things (IOT) upgrade to allow device to device communication, device to Cloud communication and device to smart phone and tablet communication. The primary market for the EMS 2 is building owners, landlords, property managers, national retail chains and institutional real estate investors who require deep energy conservation in the areas of heating and cooling without the cost and complexity of full building automation. Heating and cooling can account for up to 55% of overall energy use in a building.
The current version of the EMS provides up to 25% per annum in energy savings. The EMS 2 will seek to increase those savings to in excess of 30% per annum while adding a robust data analytics platform.
Some of the features of the EMS 2 will include the following:
- Connection to the Cloud
- Ability to adjust settings and control functionality remotely
- Door and window sensors to support in-suite automation
- Occupancy usage and monitoring
- Real time alerts
- Data and analytics for heat and cooling in real-time
- Real time learning algorithm based on occupancy
- Compliant and certified for sales in Canada, the USA and China
"On a portfolio wide basis, and across multiple jurisdictions and geographic locations, our customers will be able to have real time visibility at the suite level and be able to answer the following questions: Which is the best performing suite in my portfolio and which is the best performing building? says Paul Ghezzi, CEO of Kontrol Energy Corp. "This type of visibility and real-time data is missing in the retail, commercial and multi-residential sector and the EMS 2 provides a disruptive technology solution".
Energy as a Service
With the ability to monitor heat and cooling usage in real-time and control temperature, the Company intends to offer the Kontrol EMS 2 with a no up-front capital option based on providing an 'Energy as a Service' contract over a period of 5 years and 10 years. With this financial solution, building owners and managers can avoid capital spend and share in energy savings on a pro-rata basis over time. The benefit to the Company is recurring revenue over time and the ability to deploy across real estate portfolios in larger volumes.
About Kontrol Energy Corp.
Kontrol Energy Corp. (CSE:KNR) is a leader in energy efficiency solutions and technology. Through 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 Green House Gas (GHG) emissions.
Paul Ghezzi, CEO
Kontrol Energy Corp.
5045 Orbitor Drive, Bldg. 9, Suite 401,
Mississauga, ON L4W 4Y4
Toll free: 1.844.866.8123