Kontrol Technologies Corp (OTCQB:KNRLF, NEO:KNR) said it has been selected to provide ongoing building energy system management services to nine new buildings, under multi-year service agreements, for two new commercial building customers.
"We are pleased to continue to add new customers under our recurring revenue platform and expand into 9 new buildings," Paul Ghezzi, CEO of Kontrol Technologies said in a statement. "As energy costs continue to rise, our service and technology platform offers real-time energy management, monitoring and controls which can help run a more efficient building."
Kontrol also said that, further to its press release dated March 23, 2022, it intends to seek to monetize carbon credits from energy efficiency upgrades through the CSA Clean Projects Registry: https://www.csaregistries.ca/
For each energy efficiency project which provides for a reduction in GHG emissions which can be quantified and verified, Kontrol will seek to create a verified carbon credit. The initial SmartSuite project referenced in Kontrol's October 29, 2021 press release is expected to be completed by the end of May 2022 and following completion, Kontrol expects that it will be submitted for carbon credit registration as part of Kontrol's 2022 carbon credit projects.
To quality for the CSA Clean Projects Registry independent verification is required subject to project performance.
Kontrol Technologies is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. The company provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Contact the author at jon.hopkins@proactiveinvestors.com