Company continues to expand customer base and scale operations in Ontario’s growing building services market
TORONTO — Kontrol Technologies Corp. (CBOE.CA: KNR) (OTCQB: KNRLF) (FSE: 1K8) (“Kontrol” or the “Company”), announces that it has been awarded approximately $600,000 in new building projects with new customers.
New Customer Wins
The Company has secured new project awards across integrated HVAC and building systems for commercial and multi-residential customers. These awards represent new customer relationships for Kontrol, expanding the Company’s client base and reinforcing its reputation as a trusted provider of building technology solutions in Ontario.
The ability to win new customers in a competitive market demonstrates the growing demand for Kontrol’s integrated approach to building systems. Each new customer relationship creates the foundation for recurring service revenue, maintenance agreements, and future project opportunities as buildings age and require ongoing upgrades.
Scaling in a Growing Market
Ontario presents a compelling growth environment for the Company. The province has one of the oldest commercial and institutional building stocks in Canada, with a significant portion of buildings constructed before modern energy codes were established. These aging buildings require substantial upgrades to meet current efficiency standards, reduce operating costs, and comply with evolving regulatory requirements.
Kontrol is well positioned to capture this demand. The Company’s integrated approach — combining HVAC engineering, controls, and energy management — allows it to deliver turnkey solutions that address the full scope of a building’s efficiency needs.
Like most Canadian businesses, Kontrol was impacted in 2025 by the slowing of the Canadian economy and tariff uncertainty. However, the Company continues to execute on its plans with no current need to raise capital.
Disciplined Acquisition Strategy
Kontrol continues to actively evaluate acquisition opportunities that meet its strategic and financial criteria. The Company is focused on acquiring HVAC and HVAC-related businesses which are primarily driven by service revenues with established customer bases. These types of businesses generate repeat income through maintenance contracts and service agreements and provide the opportunity for cross-selling Kontrol’s broader building technology and energy management capabilities.
The Company continues to be selective about which opportunities it will close based on due diligence performed. Kontrol will only proceed with transactions that deliver meaningful value to shareholders and align with its long-term strategy of building a scalable, service-oriented platform in the building services sector.
Management Commentary
“Winning $600,000 in new building projects with new customers is a strong signal that our integrated approach to building systems is resonating in the market,” said Paul Ghezzi, President and CEO of Kontrol Technologies. “Every new customer we bring on expands our recurring revenue potential and deepens our presence in Ontario’s building services sector. We are scaling this business with discipline — growing our customer base organically while continuing to evaluate acquisitions that complement our capabilities.”
About Kontrol Technologies Corp.
Kontrol Technologies Corp. is a leader in smart buildings and energy efficiency solutions. The Company provides integrated HVAC, building automation, and energy management services to commercial, industrial, and multi-residential building owners across Ontario. For more information, visit www.kontrolcorp.com.
Neither CIRO 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; and government and regulatory factors impacting the energy conservation 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/20260401653240/en/
Contacts
Kontrol Technologies Corp.
Paul Ghezzi
President & CEO
11 Cidermill Avenue
Vaughan, ON L4K 4B6
Tel: (905) 766-0400
info@kontrolcorp.com
The post Kontrol Technologies Wins $600,000 in Building Projects with New Customers appeared first on Montreal Gazette.
