16:55:35 EDT Tue 17 Sep 2019
Enter Symbol
or Name
USA
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Kontrol Energy Corp
Symbol C : KNR
Shares Issued 29,287,823
Close 2019-09-11 C$ 0.63
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Kontrol to provide equipment to meat substitute firm

2019-09-11 09:19 ET - News Release

Mr. Paul Ghezzi reports

KONTROL ENERGY SECURES PILOT WITH GLOBAL LEADING PLANT-BASED MEAT SUBSTITUTE COMPANY

Kontrol Energy Corp. has secured a pilot for continuous process improvement, through its wholly owned subsidiary, CEM Specialties Inc. (CEMSI), in the facility of a global leading plant-based meat substitute company.

Under the terms of the pilot, CEMSI will provide analyzer equipment and associated installation and monitoring services to assist in the rapid evaluation, measurement and validation of organic inputs. The value of the installed analyzer and services is approximately $150,000 (U.S.). The analyzer will have the ability to report in real time and offer the opportunity to improve production quality and production efficiency. The pilot will operate for approximately 30 to 45 days. The global leading facility may require up to 10 analyzers per location to meet production demands. For industry competitive purposes, the pilot customer will not be named until the completion of the pilot.

"The plant-based meat substitute industry is a rapidly expanding global growth industry that can benefit greatly from our solutions and technologies," commented Paul Ghezzi, chief executive officer of Kontrol Energy. "We look forward to the completion of this pilot and expanding our potential customer base in this high-growth sector."

CEMSI is a wholly owned subsidiary of Kontrol. Since 1992, CEMSI has been helping companies throughout the world to design, integrate and manage continuous emission monitoring and process improvement systems. CEMSI has recently entered into the plant-based meat substitute industry and looks forward to expanding its solutions with the pilot customer and other applicable industry participants.

About Kontrol Energy Corp.

Kontrol Energy is a leader in the energy efficiency sector through Internet of things, cloud and software-as-a-service technology. With a disciplined merger-and-acquisition strategy, combined with organic growth, Kontrol Energy provides market-based energy solutions to its customers that are designed to reduce overall cost of energy, while providing a corresponding reduction in greenhouse gas (GHG) emissions.

We seek Safe Harbor.

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