Kontrol Technologies Provides Corporate Update
Achieves Monthly Record Issued Request for Quotations in December 2021
Provides Key Strategic Initiatives for 2022
Kontrol Technologies Corp. a leader in smart buildings and cities through IoT, Cloud and SaaS technology, provided a corporate update on its operations and strategic initiatives.
Request for Quotations
In December 2021, the Company issued a monthly record of approximately $23 million in new request for quotations, driven by continued growth across its operating platform. Kontrol is currently quoting more than $35 million in new potential revenue opportunities.
“We continue to expand opportunities within our existing customer base while working diligently to scale into additional markets with new customers,” said Paul Ghezzi, CEO of Kontrol Technologies. “Achieving a record month of quotations positions Kontrol for a continuation of substantial growth into 2022. Our core focus on sustainability, energy conservation, and greenhouse gas emission reduction are key drivers of our operating platform’s expansion.”
Kontrol provides request for quotations on an ongoing basis across its customer base. A request for quotation does not always result in a revenue generating project or opportunity. Historically, the Company has been able to convert more than 2/3rd of its request for quotations into revenue generating opportunities.
Key Strategic Initiatives for 2022
Following a year of record growth in 2021, Kontrol is focused on a number of key strategic initiatives for 2022 including but not limited to:
- Uplisting to a major US stock exchange
- Acceleration of Kontrol BioCloud through key distribution partners
- Continued expansion of the Company’s energy management technology platform across North American markets
- Leadership in ESG initiatives and reporting
- Continued strong organic growth within its existing markets through its cross-selling platform
Kontrol Technologies Corp. is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.
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