Kontrol Technologies Wins Multi-Year Emission Monitoring Revenues for Rail Infrastructure Expansion in Ontario
TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company“) a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has been selected to provide multi-year monitoring of emissions for the expansion of rail infrastructure in the Province of Ontario.
“This is new customer, and a new infrastructure opportunity which was delivered by our team under the Kontrol Carbon solution platform,” says Paul Ghezzi, CEO of Kontrol Technologies. “In addition to the initial installation of analytics equipment and sensors, we will be monitoring the emissions generated from the site for three years which further expands our recurring revenues.”
Emission Monitoring and Compliance
Industrial facilities and infrastructure projects, operating continuously, and with a high level of constant emissions are often required to install a permanent, fixed, continuous emissions monitoring system (CEMS). CEMS must be able to identify correct ranges, response times and accuracy of measurement as well as have a reliable uptime and operation life so that the plant can continue to run.
Kontrol will be installing a customized CEMS solution as well as providing real-time monitoring over 3 years for a new rail infrastructure project. The rail infrastructure project is part of the current expansion of high-speed commuter rail expansion in the Province of Ontario. For Industry competitive purposes the customer will not be named at this time.
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, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
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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. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected, that customers and potential customers will not be as accepting of the Company’s product and service offering as expected, and government and regulatory factors impacting the energy conservation industry.
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Kontrol Technologies Corp.
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400
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