Kontrol Technologies Corp. announced that it has added an industrial emission customer and has won multiple energy efficient installations in the commercial building sector. The total value of the combined revenue is approximately $500,000 and will be allocated between December 2023 and February 2024 based on equipment lead times.

The emission customer is a fully integrated steel manufacturer which seeks to monitor critical emissions from its manufacturing plant in Canada. The commercial building customer is a new customer with a significant real estate portfolio across Canada and operates as a REIT. For the industrial emission customer, Kontrol will provide extensive monitoring and analysis of critical emissions.

For the commercial building customer Kontrol will be installing complex heat pump technology to replace existing heating, cooling, and ventilation (HVAC) systems and to drive energy savings of up to 60% per annum and reduce corresponding building emissions. In addition to one-time revenues Kontrol offers an ongoing asset management and service platform which drives higher margin recurring revenues on an annual basis. The customers will not be named for industry competitive purposes.