Kontrol News Release[url=https://ceo.ca/@businesswire/kontrol-technologies-advances-net-zero-building-infrastructure]https://ceo.ca/@businesswire/kontrol-technologies-advances-net-zero-building-infrastructure[/url]
Kontrol Technologies Advances Net Zero Building Infrastructure with Launch of SmartPower® Energy as a Service Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) ("Kontrol" or the "Company"), a leader in smart building technologies, is advancing net zero building infrastructure with the launch of SmartPower®, a fully integrated Geothermal and VRF (variable refrigerant flow) solution, for the new construction and energy retrofit market.
“Launching the SmartPower® brand and solution provides a significant opportunity to grow our recurring revenues and monetize carbon credits as we continue to scale with profitability,” said Paul Ghezzi, CEO of Kontrol Technologies. “Heightened demand for net zero emission infrastructure is being driven by the adoption of carbon taxes, in key North American market regions, coupled with stakeholder activism and corporate social responsibility. By advancing new sustainable energy solutions that seamlessly integrate into our existing technology stack, we are well positioned to continue to grow our market share.”
Kontrol Technology Platform
The launch of SmartPower® for on-site power generation for heating and cooling of entire buildings is a valuable technology addition to the Company’s current platform, including SmartSite® software for building HVAC control and optimization and SmartSuite® hardware and software for in-suite energy management.
The addition of SmartPower® provides the opportunity to sell energy as a service for up to 20 years and generate recurring revenues. Geothermal power plants are a green house gas emission reduction technology which Kontrol will seek to monetize as part of its previously announced carbon credit program (see press release dated September 28, 2021).
Continued Ghezzi, “The shift to more sustainable infrastructure is an accelerating opportunity for Kontrol, as buildings continue to represent a leading source of greenhouse gas emissions. Kontrol’s customer base includes real estate investment trusts, asset managers and developers with hundreds of millions of square feet of building assets under management and in development.”
Kontrol has commenced the quoting of multiple new build high rise opportunities where the applicable customer has determined that a Geothermal power plant and VRF solution will assist in mitigating carbon taxes, provide more sustainable building infrastructure, and deliver stability in energy pricing. The SmartPower® solution will be the main source of energy for the entire building and the electricity grid will serve as the back up.