News - Kontrol Energy Enters Saudi Arabia (re-post)
Continuous Emission Monitoring and Smart Buildings
TORONTO, ON / ACCESSWIRE / November 15, 2019 / Kontrol Energy Corp.
(CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol" or "Company") a leader in the
energy efficiency and smart building sector through IoT, Cloud and SaaS
technology is pleased to announce that it, through its wholly owned subsidiary
CEM Specialties Inc. (collectively "Kontrol" or the "Company"), has entered
the Saudi Arabian energy and emission compliance market.
"We see great opportunity in this expansion to Saudi Arabia especially in the
areas of technology deployment for improved emission compliance and real-time
management of energy," says Paul Ghezzi, CEO of Kontrol Energy.
Kontrol and its new regional partner the Zedan Group ("Zedan") have entered
into a letter of understanding (LOU) whereby Zedan will distribute Kontrol's
emission compliance and energy IOT and Cloud technology. Further to the LOU
Kontrol and Zedan are negotiating preferred distribution rights driven by
sales volumes. Under the terms of the LOU Zedan will provide Kontrol with
opportunities from its established customer base and Kontrol will support
Zedan as a distributor and solution provider.
"To have success in Saudi Arabia, a strong local partner with an established
customer base is essential. We look forward to supporting the Zedan team as
they grow their solutions to customers which include government, industrial
and the oil and gas sectors," says Gary Saunders, President of CEM Specialties
Inc.
"Zedan Group is a conglomerate that is focussed on engineering, procurement
and construction in the infrastructure and energy sectors, with customers
including large integrated national and global leaders such as Saudi Aramco,
SABIC, Al Khafji Joint Operations (KJO) and Saudi Electricity Co," says Adam
Majzoub, Business Development Manager, Zedan. "Kontrol and CEM Specialities
provide us with a robust platform of solutions and technologies that we are
excited to bring to our customers."
Kontrol and Zedan have started the process of exploring specific customer
opportunities while ensuring Kontrol's solutions and technologies meet all the
certification requirements of the region.