Kontrol Technologies Corp. (OTCQB:KNRLF, NEO:KNR) has provided a corporate update on its operations and strategic initiatives as the company continues to grow.
The company said that for December 2021 it has issued a monthly record of about $23 million in new requests for quotations, driven by continued growth across its operating platform.
Kontrol added that it is currently quoting more than $35 million in new potential revenue opportunities.
“We continue to expand opportunities within our existing customer base while working diligently to scale into additional markets with new customers,” said Kontrol CEO Paul Ghezzi in a statement.
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“Achieving a record month of quotations positions Kontrol for a continuation of substantial growth into 2022. Our core focus on sustainability, energy conservation, and greenhouse gas emission reduction are key drivers of our operating platform’s expansion.” he added
Kontrol provides request for quotations on an ongoing basis across its customer base. A request for quotation does not always result in a revenue-generating project or opportunity. Historically, the company noted that it has been able to convert more than two-thirds of its request for quotations into revenue-generating opportunities.
Following a year of record growth in 2021, the company said it is focused on a number of key strategic initiatives for 2022 including but not limited to:
- Uplisting to a major US stock exchange
- Acceleration of Kontrol BioCloud through key distribution partners
- Continued expansion of the company’s energy management technology platform across North American markets
- Leadership in ESG initiatives and reporting
- Continued strong organic growth within its existing markets through its cross-selling platform
Kontrol is a leader in smart buildings and cities through IoT, Cloud, and SaaS technology. Kontrol provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality, and continuous emission monitoring.
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