Kontrol Technologies Wins Multiple City Customers for Building Decarbonization; Accelerates Bitcoin on the Balance Sheet Strategy
Kontrol Technologies has secured multiple new city customers through successful RFP competitions against larger organizations, expanding its sustainable buildings platform. The company will provide sustainability solutions across multiple buildings in the customers' portfolios. Additionally, Kontrol has accelerated its bitcoin strategy, now holding approximately $3 Million CAD in bitcoin or bitcoin-related proxies on its balance sheet. The company reports having no long-term secured debt, generates interest income from treasury holdings, and maintains sufficient capital for its mergers and acquisitions strategy.
Kontrol Technologies ha acquisito diversi nuovi clienti cittadini attraverso competizioni di RFP di successo contro organizzazioni più grandi, ampliando la sua piattaforma di edifici sostenibili. L'azienda fornirà soluzioni di sostenibilità per diversi edifici nei portafogli dei clienti. Inoltre, Kontrol ha accelerato la sua strategia bitcoin, attualmente detenendo circa $3 milioni CAD in bitcoin o proxy legati al bitcoin nel suo bilancio. L'azienda riporta di non avere debiti garantiti a lungo termine, genera redditi da interessi dalle partecipazioni in tesoreria e mantiene capitale sufficiente per la sua strategia di fusioni e acquisizioni.
Kontrol Technologies ha asegurado múltiples nuevos clientes urbanos a través de competiciones exitosas de RFP contra organizaciones más grandes, expandiendo su plataforma de edificios sostenibles. La compañía proporcionará soluciones de sostenibilidad a través de múltiples edificios en las carteras de los clientes. Además, Kontrol ha acelerado su estrategia de bitcoin, manteniendo actualmente aproximadamente $3 millones CAD en bitcoin o proxies relacionados con bitcoin en su balance. La empresa informa que no tiene deuda asegurada a largo plazo, genera ingresos por intereses de sus tenencias de tesorería y mantiene capital suficiente para su estrategia de fusiones y adquisiciones.
Kontrol Technologies는 대규모 조직을 상대로 성공적인 RFP 경쟁을 통해 여러 새로운 도시 고객을 확보하며 지속 가능한 건물 플랫폼을 확장했습니다. 이 회사는 고객 포트폴리오에 있는 여러 건물에 지속 가능성 솔루션을 제공할 것입니다. 또한, Kontrol은 비트코인 전략을 가속화하였으며, 현재 약 $3 백만 CAD의 비트코인 또는 비트코인 관련 대리인을 보유하고 있습니다. 이 회사는 장기 보장 부채가 없으며, 재무 보유로부터 이자 수익을 창출하고, 인수합병 전략을 위한 충분한 자본을 유지하고 있다고 보고하고 있습니다.
Kontrol Technologies a sécurisé plusieurs nouveaux clients urbains à travers des compétitions RFP réussies contre des organisations plus grandes, élargissant ainsi sa plateforme de bâtiments durables. L'entreprise proposera des solutions de durabilité pour plusieurs bâtiments dans les portefeuilles de ses clients. De plus, Kontrol a accéléré sa stratégie en bitcoin, détenant actuellement environ 3 millions CAD en bitcoin ou en proxies liés au bitcoin dans son bilan. L'entreprise rapporte ne pas avoir de dettes sécurisées à long terme, génère des revenus d'intérêts à partir de ses avoirs de trésorerie et maintient un capital suffisant pour sa stratégie de fusions et acquisitions.
Kontrol Technologies hat mehrere neue Stadt-Kunden durch erfolgreiche RFP-Wettbewerbe gegen größere Organisationen gewonnen und erweitert damit seine Plattform für nachhaltige Gebäude. Das Unternehmen wird Nachhaltigkeitslösungen für mehrere Gebäude im Portfolio der Kunden bereitstellen. Darüber hinaus hat Kontrol seine Bitcoin-Strategie beschleunigt und hält jetzt etwa 3 Millionen CAD in Bitcoin oder bitcoinbezogenen Proxys in seiner Bilanz. Das Unternehmen berichtet, dass es keine langfristigen gesicherten Schulden hat, Zinseinkünfte aus Treasury-Beständen generiert und ausreichendes Kapital für seine Fusionen- und Übernahme-Strategie aufrechterhält.
- Won multiple city contracts through competitive RFPs
- Holds $3M CAD in bitcoin/bitcoin proxies
- No long-term secured debt
- Generating interest income from treasury holdings
- Sufficient capital for M&A strategy
- None.
Kontrol is pleased to announce the addition of multiple new City customers (the customers) following the completion of multiple successful RFPs (request for proposals). Kontrol was able to win the opportunities by competing against larger organizations. Kontrol will be providing its sustainability solutions to multiple buildings across the customer portfolios.
“Our sustainability expertise and solutions continue to gain new customers and a growing presence in the markets of sustainability and decarbonization of buildings,” says Paul Ghezzi, CEO of Kontrol. “Our goal is to expand each of these customer relationships over time and grow the number of buildings we provide solutions to.”
Following the press release dated November 8th, 2024, the Company has accelerated its bitcoin on balance sheet strategy and now holds approximately
The Company has no long term secured debt, is generating interest income from its treasury holdings and has sufficient capital on hand to execute on its mergers and acquisitions strategy as previously disclosed in the press release dated October 29, 2024.
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company's product and service offering as expected; the ability to expand with existing customers, the ability to complete company acquisitions, the bitcoin on balance sheet strategy, the ability to return to profitability in 2025 and government and regulatory factors impacting the energy conservation and sustainability industry.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241115748915/en/
Kontrol Technologies Corp.
Paul Ghezzi, CEO
info@kontrolcorp.com
11 Cidermill Avenue, Suite 201
Tel: (905) 766.0400
Source: Kontrol Technologies Corp.
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