Mr. Paul Ghezzi reports

KONTROL ENERGY PROVIDES STRATEGIC ACQUISITION UPDATE FOR 2019

Kontrol Energy Corp., as part of its overall growth plans for 2019, is targeting a number of strategic and accretive acquisitions.

Energy retrofit and emission compliance

The immediate area of strategic focus for the company is to grow its current operations in energy retrofits and emission compliance with an aim to expand across Canada through a number of accretive acquisitions. As part of Kontrol's consolidation strategy, the company has identified numerous potential acquisitions at attractive valuations.

Energy retrofit

An energy retrofit represents an upgrade to the energy performance of commercial building assets for their continuing life. Retrofits involve modifications to existing commercial buildings that seek to improve energy efficiency or decrease energy demand. "As we work to vertically integrate our business and develop new energy technologies, gaining market share and customers through a strategic acquisition supports our growth objectives," says Paul Ghezzi, chief executive officer of Kontrol.

Emission compliance

Kontrol currently operates in the emission compliance market as a supplier of turn-key equipment installation and continuing measurement and reporting. Kontrol's customer base includes large integrated oil and gas producers, mining conglomerates, global cement companies, and industrial manufacturers. "Our 2019 growth plan includes establishing a national footprint through an acquisition in both Western and Eastern Canada," continues Mr. Ghezzi. "Further, as a growing share of our revenues are being driven by U.S. [United States] customers, we have recently added a Texas sales office."

Organic growth

In addition to accretive acquisitions, the company is targeting organic year-over-year growth rates above 20 per cent. The organic growth will be primarily driven by the company's energy technology and revenue synergies across the company's operating subsidiaries.

About Kontrol Energy Corp.

Kontrol is a leader in the energy efficiency sector through IoT (Internet of things), cloud and SaaS (software as a service) technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol provides market-based energy solutions to its customers, designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas emissions.

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