Kontrol Energy selected to supply Real Time Energy Management (RTEM) systems to Ontario Education and Broader Public Sector through OECM
TORONTO, Jan. 8, 2018 /CNW/ - Kontrol Energy Corp. (CSE:KNR) - Responding to a request for proposal for RTEM systems by the Ontario Education Collaborative Marketplace (OECM) in August 2017, Kontrol Energy Corp. submitted its proposal covering hardware, software and related energy management services and was recently selected as a contracted supplier. Kontrol Energy's RTEM system features the use of CircuitMeter as a channel partner.
With RTEM systems, facility managers can gain access to building energy consumption data at the circuit level in real time to pinpoint energy usage, identify areas where energy is wasted, and create opportunities to increase efficiency and generate cost savings. OECM is managing the process as a means to provide public sector facility managers with the ability to more easily contract with pre-screened suppliers of energy services and technology.
"We are excited at the prospect of working with our channel partner CircuitMeter to provide robust real-time energy monitoring systems to multiple sectors in the province," stated Paul Ghezzi, CEO, Kontrol Energy. "We see great potential in expanding this solution across Canada's public sector. In addition, there is significant potential to add our blockchain technology solutions in this new and emerging public-sector channel."
About Kontrol Energy Corp.
Kontrol Energy Corp. (CSE:KNR) is a leader in energy efficiency solutions and technology. Through 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 (GHG) emissions.
CircuitMeter Inc., a privately held Canadian firm, has developed patented electrical energy submetering hardware, integrated with its Big Data and cloud based CircuitMonitoring™ enterprise software. The advanced energy analytics represents a major step forward in comparison with current practice. It is designed to analyze real time, circuit level energy usage for large organizations and portfolio managers to identify energy waste and help industrial, commercial and institutional facility owners reduce their energy consumption, costs, and carbon footprint.
Launched in 2006, OECM provides collaborative sourcing and procurement services to over 500 public sector organizations in Ontario comprising school boards, colleges, universities and broader public-sector agencies (oecm.ca). The not-for-profit organization contracts with innovative, reputable suppliers to offer a comprehensive choice of quality products and services, to generate significant savings for their customers. For more information on OECM's Real Time Energy Monitoring System agreement visit oecm.ca/real-time-energy-monitoring-systems.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Statements:
Certain information included in this press release, including information relating to the proposed acquisition of solar power generating assets, future annual recurring revenue an EBITDA, payments of holdback amounts, possible future acquisitions, anticipated consolidated revenue; the provision of solutions to customers to reduce overall energy costs and greenhouse gas emissions reductions, growth strategy, and other statements that express the expectations of management or estimates of future performance constitute "forward-looking statements". The forward-looking statements in this press release are presented for the purpose of providing information about management's current expectations and plans and such information may not be appropriate for other purposes. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that the acquisition will be successfully integrated into the Company and that its revenues will be consistent with the Company's expectations, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, failure of the parties to the acquisition to fulfill closing conditions, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected that customers and potential customers will not be as accepting of the Company's product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.
SOURCE Kontrol Energy Corp.
For further information: Paul Ghezzi, CEO, email@example.com; Kontrol Energy Corp., 180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8, Tel: 905.766.0400, Toll free: 1.844.866.8123