Canadian smart building specialist Kontrol Technologies said it is providing its customers with new building automation controls and monitoring solutions for water conservation, including building-level and in-suite technology.
“The core of our growth strategy is to capture additional market share in each building in our operating footprint, while scaling across our customer portfolios,” said Paul Ghezzi, CEO of Kontrol. “Our customers seek a unified platform to better manage their buildings and critical energy infrastructure, including the increasingly important water monitoring vertical.”
Kontrol noted that the firm is entering the water reporting, monitoring and conservation market due to increasing regulations and the importance of reducing water waste.
Through integration with its latest acquisition of Global HVAC and Automation, Kontrol aims to offer its customers smart meters and sensors on its unified SmartSite platform. The firm said that smart water meters are an important tool to help end users optimize water resource, monitor for leaks, and provide real-time service.
“This new opportunity is an example of our continued integration with Global’s operations,” Ghezzi said. “Prior to the acquisition, Global was outsourcing all building technology to third parties. We are now working diligently to bring those opportunities in-house and add to what is being offered to customers on a recurring basis.”
With the completion of the Global acquisition, Kontrol said it can now offer solutions both in the new construction and retrofit market.
In August, Kontrol Technologies announced the completion of the acquisition of Global HVAC & Automation.
Following the completion of the acquisition, Kontrol anticipated that full year revenue for 2021 will be in the $38 million range up from $13 million in 2020. For 2022, the company anticipated revenues in the range of $65 to $70 million.
Kontrol noted that heating, ventilation, and air conditioning (HVAC) systems can account for up to 70% of overall energy consumption in commercial buildings. Efficient and smart HVAC systems can drive important intelligence and improvements to make buildings more sustainable, profitable and healthier, the firm added.
Kontrol already provides its customers with a suite of Internet of Things (IoT) and cloud-based technology to optimize heating, cooling, and ventilation, as well as overall energy management and emission reduction.
The firm said that Global’s service offering complements Kontrol’s existing product portfolio, adding that the combination of the two is expected to create significant growth opportunities over the coming years.
Kontrol’s SmartSite platform integrates into building automation systems and provides a data analysis, reporting and smart learning algorithms to drive improvements in overall energy management and sustainability. Kontrol will integrate its facility management with the Global project platform to drive software revenues.
Kontrol also operates a facility management platform with ongoing and recurring revenues to manage energy assets and optimize them for performance. Kontrol said it aims to integrate its facility management with the Global project platform to drive service revenues.