Smart buildings and smart cities the trend to Kontrol Energy
As the world’s population increases so will the demand for energy and cost effective efficient energy production. In the US alone ~30% of energy is lost to inefficiencies. One of the key trends this decade is the move towards “smart buildings and smart cities” so as to use energy more efficiently. Another is to reduce CO2 emissions.
Kontrol Energy Corp. (CSE: KNR) is an energy efficiency technology company operating in the Internet of Things (IoTs), Cloud, and Blockchain space; with an aim to solve North Americas largest energy challenges. Kontrol Energy was formed in 2015 by a group of energy veterans who recognized that the energy efficiency industry would be a significant engine for the global economy over the coming decade.
A $60b market opportunity just in the US
The industry Kontrol serves is the $200 billion annual US energy industry. 30% of that energy which is wasted due to inefficiencies amounts to a $60 billion annual industry opportunity for Kontrol, just in the USA.
Kontrol’s passion is to help you get control (hence the name) over your energy costs and achieve your sustainability goals. Kontrol is working with manufacturers, commercial and multi residential buildings, utilities, education and the cannabis industry. Kontrol also helps its clients reduce greenhouse emissions.
On November 21, 2018 Kontrol provided an update relating to progress of operations and strategic activities over the past four months. Kontrol has completed the acquisition of CEM Specialties Inc. (“CEMSI”), thus adding $6 Million of annual revenues and approximately $1 Million in annualized EBITDA. Kontrol has received two significant customer orders totaling over CAD$2.3 million, and have secured two contracts with licensed producers in the cannabis sector to provide energy efficiency services.
CEM Specialties Inc. (CEMSI) is an emission integrator focused on helping companies monitor and reduce emissions throughout the USA, Canada and abroad; serving more than 1,000 sites currently in operation across 3 continents.
Paul Ghezzi, CEO of Kontrol Energy stated: “We are very pleased with closing the acquisition of CEMSI. In the short time since the acquisition of CEMSI, the Company has received two significant orders, which includes a CAD$1.1 million order from a global cement company and a CAD$1.2 million order from a global mining company.”
Having gone public on the CSE in 2016 and adding a few acquisitions in a vertical integration strategy, Kontrol’s revenue growth has been off the charts and is expected to continue to grow. These impressive results have seen Kontrol Energy ranked number 7 on Canada’s Top new growth companies for 2018.
Kontrol Energy is growing revenue very strongly
Kontrol entered 2016 with about $400,000 in revenue and finished the year at around $1.9 m. In 2017 the number reached about $6.9m with the expected amount for year end 2018 to be about $10.5 m. This is excellent growth, and it is expected that this will reach ~$30 million by the end of 2019.
Paul Ghezzi CEO of Kontrol Energy stated: “We have been delivering on our stated goals and objectives and seek to continue our strong growth through further accretive acquisitions and the expansion of our smart energy technologies.”
Kontrol Energy should continue to see significant growth in the years to come as the world continues to focus on greater energy efficiency and lower CO2 emissions. Very strong revenue growth and enormous market opportunities (energy efficiency/CO2 emission reductions) makes Kontrol Energy one to watch closely.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>