- Kontrol Energy and Toyota Tsusho Canada recently announced a strategic partnership that will result in a smart factory tech solution based on Kontrol’s IoT hardware and software
- In addition, Kontrol announced plans to be offer innovative solutions in the cannabis industry for odor and emission control
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8), a smart energy technology company, is planning to expand its smart solutions and introduce new developments in various verticals during 2019. At the end of March 2019, the company announced a strategic partnership, followed by an early April announcement that it plans to expand its odor and emission solutions for the cannabis industry.
Kontrol Energy and Toyota Tsusho Canada announced a smart factory strategic partnership on March 25, 2019 (http://ibn.fm/jz1TM). The smart factory tech solution will bring together Kontrol’s internet of things (IoT) hardware and software with Toyota Tsusho Canada’s existing production. The aim of the partnership is to ensure the operation of improvement platforms and power generation/HVAC products for the North American automobile and OEM parts industries.
“We selected Kontrol as our partner in the Smart Factory initiatives due to their extensive experience in developing technology solutions which integrate IoT hardware and software to create a smart environment to optimize operating efficiencies. This agreement with Kontrol will enable us to deliver production and energy efficiencies and give our customers a technology solution to drive down their costs and gain a competitive advantage,” Toyota Tsusho Canada President Hidetoshi Tada said in a news release.
On April 1, Kontrol made an additional announcement, this time targeting innovation in the cannabis industry (http://ibn.fm/tEpUM). The company announced an expansion of its solutions aimed at addressing increasing regulations from local and provincial governments pertaining to cannabis growing and production.
These regulations are meant to deal with emissions and odors in various industry sectors across Canada. As the cannabis industry became legalized, the need for odor control solutions increased. Ensuring compliance is something with which many businesses aren’t prepared to deal, Kontrol Energy CEO Paul Ghezzi said.
ORTECH, Kontrol’s operating subsidiary, has more than 40 years of experience in dealing with emissions and odors in various industries. The company offers turn-key services tailored to the needs of respective businesses and scientifically aimed at identifying, measuring and mitigating VOCs.
Through such developments, Kontrol will be positioned to expand its market share and establish a solid position in the growing Canadian legal cannabis market.
While 2019 is just getting started, the year has proven to be very fruitful for Kontrol so far. The company already secured its third contract with a licensed Ontario cultivator for emission and odor control.
Kontrol’s growth was further strengthened through a series of acquisitions. Since its inception, the company has finalized six acquisitions that include Kontrol Technologies, Log-One Ltd., ORTECH Consulting Inc., Efficiency Engineering Inc., MCW Dimax Ltd. and CEM Specialties Inc. A seventh possible acquisition was announced on March 14, 2019. Based on these milestones, Kontrol has accomplished amazing revenue growth, Ghezzi noted.
For more information, visit the company’s website at www.KontrolEnergy.com
NOTE TO INVESTORS: The latest news and updates relating to KNRLF are available in the company’s newsroom at http://ibn.fm/KNRLF
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