Kontrol Technologies Corp (OTCQB:KNRLF, NEO:KNR) said it has been selected by an Ontario municipality through a competitive bid process to deliver a net zero emission and climate action plan.
The company said the customer, who would not be named for industry competitive purposes, is a municipality with hundreds of buildings under management with a goal of advancing its target of net zero emissions by 2030.
Kontrol CEO Paul Ghezzi said this was an important win for the company as it continued to scale its net zero emission solutions.
READ: Kontrol Technologies inks LOI for C$10M high rise building HVAC project in Greater Toronto Area
“This is a new opportunity which establishes Kontrol as a solution provider for municipalities which we believe is a growing market,” he said. “To win a competitive bid against established industry participants is a credit to the quality of our team and solutions.”
Kontrol noted that through its operating subsidiaries it has developed the Kontrol Carbon platform which includes initial design, feasibility, implementation, and potential carbon credit monetization.
“Kontrol is well positioned to continue to grow our Kontrol Carbon platform and we look forward to executing on this new opportunity as well as establishing the company as a leading ESG solutions and technology provider,” Ghezzi said.
Kontrol is a leader in smart buildings and cities through IoT, cloud, and software-as-a-service (SaaS) technology.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter (NYSE:TWTR) @emilyjjarvie