Smart buildings technology specialist Kontrol Technologies Corp. (Ontario) announced it has been selected to deliver advanced building performance monitoring and control systems for a leading Canadian REIT, which is a current customer of the company.
Per a Kontrol statement, the additional technology supplied to the customer is intended to provide greater real-time control, analytics, and performance monitoring in 11 new buildings, spanning an aggregate of approximately 2,750,000 square feet of commercial real estate.
The Canadian REIT receiving the technology reportedly has more than $10 billion in assets under management across North America and hundreds of commercial buildings. For industry competitive purposes, Kontrol said the REIT would not be named.
“Additional technology deployment within our current customers’ buildings is part of our ongoing growth strategy as well as the continued focus on winning new customers,” commented Paul Ghezzi, CEO of Kontrol. “As energy costs continue to rise, our technology platform offers real-time energy management, monitoring and controls which can help run a more efficient building.”
Kontrol concurrently announced that that Joseph Gallo is no longer with the company, and that the position of Chief Revenue Officer of the company will not be refilled at this time.
“We thank Mr. Gallo for his contributions and wish him well as he pursues new endeavors,” concluded Kontrol CEO Ghezzi.