Kontrol Technologies Corp (OTCQB:KNRLF, NEO:KNR) told investors it has launched Kontrol Carbon -- its branded solution to support commercial and industrial customers in greenhouse gas (GHG) emission monitoring, management, and carbon credit monetization.
The solutions will be offered by Kontrol's wholly owned operating subsidiaries and will cover the industrial and commercial sectors.
Also in the statement, the tech group said it was welcoming professional geologist Ian Colquhoun to Kontrol Carbon as its director of GHG Emissions.
"We see the continued growth in interest from customers who are dealing with GHG emission regulations or seek to voluntarily reduce their GHG emission footprint," said Paul Ghezzi, CEO of Kontrol Technologies, in a statement
READ: Kontrol Technologies ships its BioCloud technology to new customer in Hong Kong
"We seek to leverage the Kontrol brand and assist our customers in better monitoring, managing and in some cases offsetting and/or verifying the capture of their GHG emissions. Commercial and industrial buildings represent a significant source of GHG emissions, and we look forward to offering our solutions to help solve this global challenge," Ghezzi added.
Kontrol also revealed it had been selected by a USA real estate investment trust (REIT), the name of which remains confidential, which operates hundreds of buildings across North America, to provide an energy management solution for the common areas of two commercial buildings.
The company will install its SmartSuite technology and Cloud platform to provide visibility, analytics, and smart control over areas that have seen a large increase in energy costs.
The installation is anticipated to be completed by the end of June 2022.
Contact the writer at giles@proactiveinvestors.com