Kontrol Technologies Corp (OTCQB:KNRLF, NEO:KNR) said it has completed its first SmartSuite installation in Florida for a leading national US real estate investment trust (REIT).
Kontrol CEO Paul Ghezzi told investors that expansion into the US market remains an “important strategic initiative” for the Canadian company.
“(We) are pleased to have our first SmartSuite installation operating," Ghezzi said in a statement.
READ: Kontrol Technologies wins multi-year emissions monitoring contract for rail infrastructure expansion in Ontario
The CEO noted that Kontrol is focused on scaling opportunities that will assist customers in reducing their escalating energy costs and achieving their corporate sustainability targets.
SmartSuite operates by integrating with heating, cooling, and ventilation (HVAC) equipment and provides a proprietary Cloud platform to deliver real-time visibility, analytics and smart controls.
By regulating temperature settings and adapting to occupancy through smart learning algorithms, SmartSuite is designed to reduce energy waste and create long term energy savings. For each kilowatt of energy saved a corresponding reduction in GHG emissions can be derived.
Kontro said it is working with the US REIT customer to advance the second location for deployment which is anticipated to be completed in June 2022.
Toronto-based Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
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