NEWS: Biocloud Financing for CustomersTORONTO, May 10, 2021 /PRNewswire/ - Kontrol Technologies Corp. (NEO: KNR) (OTC: KNRLF) (FSE: 1K8) ("Kontrol Technologies" or "Kontrol") a leader in smart buildings and cities through IoT, Cloud and SaaS technology is pleased to announce that it has selected RCAP Leasing ("RCAP"), a leading Canadian financing company, to offer lease finance options to customers of BioCloud. "Providing our customers with access to a finance solution that is simple, easy to administer and transparent are all important features for those who would like to purchase BioCloud units but prefer to amortize that purchase monthly," says Paul Ghezzi, CEO of Kontrol. "The RCAP model allows us to focus on manufacturing and distribution while providing our customers with greater financing flexibility."
Leasing Terms
RCAP Leasing will be responsible for lease structuring and approval - typical lease terms will range from 2 to 5 years, monthly payment, and a nominal buyout. Financing through RCAP Leasing will be available across Kontrol's distribution network in Canada.
"We at RCAP Leasing are excited about the opportunity to support Kontrol BioCloud with a point-of-sale financing solution." says Kevin Archibald, Director of Sales at RCAP. "Our lease offering will allow Kontrol BioCloud's customers to lease with a low, fixed monthly payment over a set term. The offering will also allow customers to preserve valuable working capital and enjoy ease of acquisition."