- Kontrol Energy Corp. specializes in disruptive technology acquisitions that focus on energy use applications
- The company has expanded its reach from facilities management to automotive industry productivity and cannabis farm emissions control
- Amid Canada’s developing governmental regulations in the wake of nationwide cannabis legalization, cultivators are facing complaints about their environmental impact
- The market for global industrial emissions control is expected to grow, with a forecast CAGR of 7.8 percent through 2024 and sales of $21.1 billion by 2022
Efforts to “save the planet” have for decades turned worries about changes in our natural environment into a variety of climate-friendly endeavors, once leading comedian George Carlin to complain, “Save the planet?! We don’t even know how to take care of ourselves yet!” Smart energy efficiency platform developer Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is helping businesses take care of themselves and care for their neighbors while making the earth’s climate a little friendlier for humanity in the process.
Kontrol Energy is a Canadian company focused on developing market-disrupting digital technologies, specifically working to help customers reduce their overall energy-consumption costs while establishing a corresponding reduction of their greenhouse gas (GHG) emissions.
Initially intent on helping building managers monitor, assess and control electrical usage in their facilities, Kontrol’s functionality has grown from acquiring companies in the sector encompassing building automation systems, although that part of its mission continues, with its seventh acquisition currently pending, as announced on March 14, in support of the goal of adopting further electrical efficiency retrofit services (http://ibn.fm/P31c8).
The company announced recently that it will be working with Toyota Tsusho Canada, Inc. (“TTCI”) in a joint venture aimed at applying its digitized, real-time data analysis and machine learning capabilities toward real-time energy management in the automotive industry, providing technological solutions and services to Original Equipment Manufacturer (OEM) clients to help them get the most efficiency from their production operations (http://ibn.fm/BQS8I).
Kontrol followed that announcement with a news release on April 1 stating that the company will be advising cannabis industry clients in Canada on analysis of their emissions as government regulations continue to coalesce in the wake of the nation’s legalization of full adult-use options for the drug last year (http://ibn.fm/aVIfd).
“We offer turn-key odour and emission services designed to scientifically identify, measure and mitigate VOCs (volatile organic compounds) and help our customers be at the leading edge of compliance. We can assess applicable odour control technologies such as carbon filtration, ionization, etc. and then provide the turn-key technology solution and other critical systems required that are best suited for the specific facility,” Kontrol Energy CEO Paul Ghezzi stated in a news release. “Further, solutions to continuously monitor the effectiveness of odour control equipment or the ambient air outside of the facility can be the early warning system required to reduce the frequency of odour complaints. We are well positioned to add new customers in the Cannabis industry and grow our footprint in this significant new market.”
Elevated VOC levels can be produced during the cannabis plant flowering and harvesting process. Kontrol Energy and its operating subsidiary, ORTECH Consulting, have more than 40 years of history working with issues surrounding emissions in multiple industry sectors, according to the company.
Analysts at Research and Markets predict that the global industrial emission control systems market will grow at a CAGR of 7.8 percent between 2018 and 2024 (http://ibn.fm/1NPZ6). Allied Market Research foresees the sector reaching $21.1 billion in sales by 2022 (http://ibn.fm/nSnxo). The cannabis industry clearly has a role to play in the global emissions trends, as cultivators are being hit with a growing incidence of complaints over their environmental impact (http://ibn.fm/oyxNy). Kontrol Energy is aiming to help those growers be good corporate citizens.
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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