10:48:27 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Kontrol Energy Corp
Symbol KNR
Shares Issued 27,396,509
Close 2018-11-05 C$ 0.70
Market Cap C$ 19,177,556
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Kontrol receives $1.2-million order from mining company

2018-11-05 10:25 ET - News Release

Mr. Paul Ghezzi reports

KONTROL ENERGY'S OPERATING SUBSIDIARY CEMSI RECEIVES $1.2 MILLION EMISSIONS ANALYZER ORDER FROM GLOBAL MINING COMPANY

Kontrol Energy Corp. operating division CEMSI has received a new $1.2-million analyzer order from a global mining company.

The analyzers will deliver real-time analysis of raw materials and introduce new mine management strategies for a global industry. CEMSI is a recognized leading integrator of turnkey continuous emissions and process monitoring equipment solutions, servicing the Canadian and United States markets. Currently, up to 40 per cent of CEMSI's revenues are recurring under multiyear service agreements.

"This is a significant win for the CEMSI operating team and adds a new organic growth opportunity in the global mining industry," stated Paul Ghezzi, chief executive officer of Kontrol Energy. "Through this sale we are entering a new global market with an exciting opportunity to add future growth."

It is anticipated that the analyzer will be delivered and installed over the periods of the fourth quarter of 2018 and the first quarter of 2019. For industry competitive purposes the mining company will not be disclosed.

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.

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