04:05:02 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Kontrol Energy Corp
Symbol KNR
Shares Issued 27,295,875
Close 2018-09-11 C$ 0.50
Market Cap C$ 13,647,938
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Kontrol Energy selected for four CHP installations

2018-09-11 09:04 ET - News Release

Mr. Kristian Lavereau reports

KONTROL ENERGY SELECTED TO DELIVER FOUR COMBINED HEAT AND POWER (CHP) INSTALLATIONS BY LEADING REAL ESTATE ASSET MANAGER

Kontrol Energy Corp. has been selected to deliver four combined heat and power (CHP) projects by a leading real estate asset manager. The projects have a combined value of approximately $1-million and an electricity generation capacity of approximately 1.1 million kilowatt-hours per year. The projects will be installed in four separate multiresidential buildings in the Greater Toronto Area.

For industry competitive reasons, the real estate asset management, which operates a substantial portfolio of commercial and residential properties, will remain confidential.

"With electricity rates being significantly higher than natural gas rates, CHP systems provide an opportunity for immediate energy savings with the added efficiencies of capturing and recycling heat waste," said Kristian Lavereau, chief operating officer of Kontrol Energy. "Following the installations, Kontrol will provide real-time monitoring and energy analytics to maximize performance and energy savings over time."

The project installations are conditional upon the receipt of certain installation incentives from the local utility. Two of the four projects have received approval for their applicable incentives and the remaining two projects are anticipated to receive the approval for their applicable incentives in Q4 2018.

About Kontrol Energy Corp.

Kontrol Energy is a leader in energy efficiency through Internet of things, cloud and blockchain technology. With a disciplined merger and acquisition strategy, combined with organic growth, Kontrol Energy 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.

We seek Safe Harbor.

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