NEWS: Kontrol Technologies Surpasses 400 Customer Buildings Kontrol Technologies Surpasses 400 Customer Buildings Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) ("Kontrol" or the "Company"), a leader in smart building technologies, announces that it continues to scale its technology and solutions as it surpasses 400 customer buildings and is set to double its market share in 2022. Accelerating energy costs, GHG emission penalties, stakeholder activism demanding more robust sustainability initiatives and the need for healthy buildings is driving record growth in the Company’s operating platform.
“The commercial, multi-residential and industrial building sectors are facing severe challenges with rising energy costs and the shift by Governments to penalize excessive GHG emissions,” said Paul Ghezzi, CEO of Kontrol Technologies. “In addition, shareholder activism is demanding that large real estate asset managers, owners and operators take immediate action to reduce emissions across their building portfolios. All of these factors are creating tailwinds in our business across our energy, emissions and air quality technology and service offerings.”
The Company has previously announced preliminary record revenues for Q3, 2021 of at least $18 Million (see press release dated October 13th, 2021). Final results for Q3 will be presented on November 15th.
Including the recent acquisition of Global HVAC and Automation (“Global”), the Company has previously announced a record order book of $160 Million. Based on its current order book and the new opportunities across its operating platform, Kontrol anticipates that it will double its customer building footprint in 2022 to 800 buildings. This is an internal management estimate based on the existing confirmed order book, the current quoting activity and the Company’s 2022 outlook. The growth in customer buildings should be considered forward looking information.
“The recent rise in energy and utility costs, coupled with concerns over GHG emissions and the importance of embedded intelligence to drive healthy and sustainable buildings is accelerating the building modernization cycle. We are currently quoting at record levels across our operating platform,” continues Ghezzi. “Kontrol continues to increase its brand and technology solutions platform for a growing blue chip customer base.”