Kontrol Technologies Corp. (KNR) (KNRLF) (1K8) (“Kontrol”), has been selected by a large integrated petrochemical customer under a recurring multi-year agreement to provide
emission monitoring solutions.
“As emission regulations increase at the state and provincial level, we are well positioned to provide emission monitoring solutions with a strong history and track record of servicing the oil, gas, cement and petrochemical industries,” said, Paul Ghezzi, CEO of Kontrol Technologies. “We continue to focus on growing our recurring and multi-year agreements with our blue-chip customer base.”
The Customer operates across Canada and for industry competitive purposes will not be named.
As previously released on March 23rd, 2023 the Company continues to advance its new development dry kiln technology for deployment with a leading global cement company. The Company anticipates advancing its planned deployment in Q2 of 2023. The current design development has focused on reducing power consumption by up to 83%, installation footprint by up to 90%, and capital costs by approximately 50%, when compared to current technology in the market. The technology is also targeting GHG emission reductions through improved operating efficiencies.
