Kontrol Technologies Corp. (“Kontrol” or the “Company”) a leader in smart buildings and cities has been selected by multiple Customers (“Customers”) to deliver sustainability and net zero emission solutions for multiple public sector buildings.
“We continue to win opportunities and expand our solutions into the public sector, which has been leading the way to greater sustainability and building decarbonization,” says Paul Ghezzi, CEO of Kontrol Technologies.
Corporate Strategy
The Company is focused on growing its revenues both organically and by strategic acquisition. As part of the ongoing focus to deliver greater synergies in its operations the Company will internally re-organize its building performance technology and building engineering under one brand, Efficiency Engineering. The Company will seek to eliminate any duplication in operating costs and continue to streamline operations. The Kontrol Buildings platform will continue to focus on high margin building service revenues and recurring revenues under multi-year contracts.
“With a strong balance sheet, we can turn our focus to the growth and expansion of our core business,” continues Ghezzi. “The shift towards energy efficiency, lower operating costs and greater sustainability for large buildings is accelerating, driven by operational needs and stakeholder requirements.”
Potential strategic acquisitions will be announced when they are final. Acquisition targets with ongoing recurring revenues will be given priority.
According to the Canadian Government, “To reach Canada’s climate goals, reduce energy bills and build up Canada’s supply of energy-efficient and resilient building stock, there is a need to accelerate the retrofit of approximately 10 million buildings and construct millions of new net-zero buildings in the coming decades.” www.canada.ca/naturalresources
