Smart energy technology company Kontrol Energy (CSE: KNR) (FSE: 1K8) this morning announced submission of its application to list its common shares on the OTCQB Venture Market, subject to OTCQB approval and satisfaction of applicable requirements. Kontrol anticipates that an OTCQB listing will expand its U.S. presence, as well as provide current and future U.S.-based shareholders with increased access to and ease of trading of the company’s common shares. Kontrol will continue to trade on the Canadian Securities Exchange under the company’s existing symbol “KNR” and under its existing symbol “1K8” in Frankfurt. “Admission to the OTCQB is part of our strategic growth and our focus on introducing the Company to a broader range of institutional and retail investors in the U.S.,” Kontrol Energy CEO Paul Ghezzi stated in the news release. “Currently we have an office in New York City and approximately 20 percent of the Company’s consolidated revenues are generated in the US. With the company now on a $16 Million revenue run rate, it is an opportune time to provide U.S. investors with a platform to more easily invest in Kontrol’s common shares.”
To view the full press release, visit http://ibn.fm/QucMk
About Kontrol Energy Corp.
Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8) is a leader in the energy efficiency sector through IOT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to its customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions. Kontrol Energy was recently announced as the 7th fastest growing Startup in Canada by Canadian Business and Maclean’s. For more information, visit the company’s website at www.KontrolEnergy.com
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