Company Broadens Global Presence through Initial $450,000 Contract with New Customer
TORONTO, June 16, 2021 /PRNewswire/ – Kontrol Technologies Corp. (NEO: KNR) (OTCQB: KNRLF) (FSE:1 K8) (“Kontrol” or the “Company“), a leader in smart buildings and cities, is pleased to announce that through its wholly owned subsidiary, CEM Specialties Inc. (“CEMSI“), it has been awarded a new order for the supply of multiple continuous emission monitoring systems for an oil and gas customer in Kuwait.
“This order with a new customer represents our continued expansion into the $2.5 billion USD global emission monitoring system market1, with Kontrol’s Middle East footprint now including Kuwait,” says Paul Ghezzi, CEO of Kontrol Technologies. “Our strategy is focused on deploying our environmental monitoring and building technologies in large energy markets, and this initial sale serves as a prime example of our ability to do so effectively. Through our proprietary software, we will provide the customer with ongoing data and analytics needed to effectively monitor ongoing emissions which is paramount to enterprises within the oil and gas industry.”
The system will be delivered in Q3 2021 with the assistance of local installation teams. Continuous emission monitoring systems are engineered and built to meet the demanding regulatory needs for the determination of gas emissions, particulate matter concentration, or emission rate using optical based pollutant analyzer measurements. In…