Kontrol Energy Corp. (CSE:KNR) (FSE:1K8), has been selected to deliver its proprietary energy management hardware and software solution for up to 60 multi-residential buildings across Canada.

“Our energy management technology is a key area of organic growth for Kontrol,” says Paul Ghezzi, CEO Kontrol Energy. “We are driving enterprise solutions and demonstrating our ability to scale. With a low installation cost and immediate access to energy data we can provide real estate asset managers and owners with real-time visibility into their energy consumption and energy demand while supporting mission critical needs.”

For industry competitive reasons the Real Estate Asset Management will remain confidential. Approximately 30 percent of the portfolio will be on-line in early Q4, 2018 and it is anticipated that the balance will be on-line in early Q1, 2019. The solution will be deployed as Software as a Service on a monthly subscription basis.

How Kontrol’s proprietary technology operates

Kontrol has developed an Internet of Things (IOT) hardware and software technology which can be rapidly deployed at a low cost within any commercial or multi-residential building. With the ability to communicate with any building automation system, Kontrol is able to gather data related to heating, cooling and electricity immediately and send that data into Kontrol’s cloud architecture where the data is analyzed. Through comparison and analysis to over 15 Billion data points spanning more than 180 buildings Kontrol can quickly identify inefficiencies, savings and mission critical risk. With an ongoing cycle of review, analysis and adjustment building owners and managers can optimize their energy demand, energy consumption and generate significant savings while having instant visibility to building performance. Automated alerts and notifications allow for the potential to address problems more quickly and efficiently.

“As we grow our installed footprint and we gather more rich data we are also building intelligence that we can apply across our customer base,” continues Paul Ghezzi. “We have insights across building types, building designs, different utilities, and various regions. Our customers will not only benefit from the specific insights available to them directly but also a large pool of data related to all buildings managed by Kontrol. It is in this specific area where we are targeting our machine learning initiatives.”

About Kontrol Energy

Kontrol Energy Corp. is a leader in the energy efficiency sector through IOT, Cloud and Blockchain technology.  With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas emissions.

Kontrol Energy was recently announced as the 7^th fastest growing Startup in Canada by Canadian Business and Maclean’s.