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A New, Regulated Market for this NEO Tech Stock to Capitalize Upon?

Stockhouse Editorial
1 Comment| October 12, 2021

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Click to enlargeKontrol Technologies Corp. (CSE: KNR, Forum) reported on Tuesday that it is providing customers with new building automation controls and monitoring solutions for water conservation, including building-level and in-suite technology.

Due to increasing regulations and the importance of reducing water waste, the company is entering the water reporting, monitoring and conservation market. Most large buildings typically report their annual water usage and water conservation plans, while areas that are impacted by drought measures can also include regulated conservation.

In a media release on this news for investors, KNR’s Chief Executive Officer Paul Ghezzi said that the core of the company’s growth strategy is to capture additional market share in each building in its operating footprint, while scaling across customer portfolios.

“Our customers seek a unified platform to better manage their buildings and critical energy infrastructure, including the increasingly important water monitoring vertical. The more technology Kontrol deploys to provide real-time data and controls for important infrastructure and utilities, the greater our ability to deliver value to our customers, and ultimately to our shareholders.”

Kontrol intends to offer its customers smart meters and sensors on its unified SmartSite platform through integration with its latest acquisition of Global HVAC and Automation. The company also seeks to create recurring revenues through both software and service.

Smart water meters are an important tool to help end users optimize water resource, monitor for leaks, and provide real-time service, however they often lack an easy to use and unified platform.

CEO Ghezzi added that this new opportunity is an example of our continued integration with Global’s operations.

“Prior to the acquisition, Global was outsourcing all building technology to third parties. We are now working diligently to bring those opportunities in-house and add to what is being offered to customers on a recurring basis.”

Engaged in the business of smart buildings and cities through IoT, cloud, and SaaS technology, Kontrol recently received an initial order for its BioCloud product (a real-time analyzer designed to detect airborne viruses and pathogens), following the signing of a memorandum of understanding with an international heating, cooling and ventilation business.

Kontrol added that the HVAC company is part of large global industrial conglomerate which designs, manufactures, and distributes its proprietary products through more than 30,000 distributors globally.



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