Control Technologies Corp. (NEO: KNR) (OTCQB: KNRLF) (FSE: 1K8) (“Control“or the”Company“), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has completed its first SmartSuite installation in Florida for a leading National USA REIT (see press release dated March 23, 2022).
“Expanding into the US market with our technology platform remains an important strategic initiative and we are excited to have our first SmartSuite installation operational,” said Paul Ghezzi, CEO of Kontrol Technologies. “We are focused on scaling opportunities that will help our customers reduce their rising energy costs and meet their sustainability goals.”
SmartSuite real-time energy and emissions reduction
SmartSuite works by integrating with heating, cooling, and ventilation (HVAC) equipment and provides a proprietary cloud platform to deliver real-time visibility, analytics, and smart controls. By regulating temperature settings and adapting to occupancy through intelligent learning algorithms, SmartSuite is designed to reduce energy waste and create long-term energy savings. For each kilowatt of energy saved, a corresponding reduction in GHG emissions can be derived.
Kontrol is working with client USA REIT to advance the second deployment site which is expected to be completed in June 2022.
About Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, continuously monitor emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. are available on its website at www.kontrolcorp.com and by consulting its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities authority accepts responsibility for the adequacy or accuracy of this release.
This press release contains “forward-looking information” within the meaning of applicable securities laws. Any statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some instances, forward-looking information may be identified by words or phrases such as “may”, “will”, “expect”, “probable”, “should”, “should”, “expect”, ” anticipates”, “intends”, “potential”, “proposed”, “estimates”, “believes” or the negative form of these terms, or other similar words, phrases and grammatical variations, or statements that certain events or conditions “may” or “will” occur, or through discussions of strategy. Forward-looking information in this press release includes, but is not limited to, the following: future Carbon solutions that will be offered by Kontrol to its potential customers; future goal of monetizing carbon credits; the expected timing of the installation and energy savings that SmartSuite will provide to customer USA REIT; the future success of any of Kontrol’s products; and the demand customers in terms of Energy management.
Where Kontrol expresses or implies an expectation or belief about future events or results, such expectation or belief is based on assumptions made in good faith and believed to be reasonably valid. These assumptions include, but are not limited to, that sufficient capital will be available to the Company; that future Carbon solutions can be carried out as planned; that the technology will be as effective as expected; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or not at all; that the planned schedule of installation and energy savings related to the SmartSuite will proceed as planned for the customer USA REIT; and that demand will continue for energy management products and for the Company’s products in particular.
However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. These risks include, but are not limited to, that sufficient capital and financing may not be obtained on reasonable terms, if at all; that the Company’s technologies will not prove as effective as expected; that customers and potential customers will not accept the Company’s product and service offerings as expected and/or that demand for such products and services will not continue; that Kontrol SmartSuite will not be replicated in the future and that the Company will not maintain its existing relationships or contracts on the same terms or at all.