TORONTO–(BUSINESS WIRE)– “We are pleased with our progress and continued execution of our key strategic objectives for 2023,” stated Paul Ghezzi, CEO Kontrol Technologies. “Ongoing cost reductions combined with organic growth have brought us to positive net income from continued operations ahead of schedule. We continue to make good progress in deleveraging and right sizing the balance sheet. The Company has entered new growth markets in our emission analyzer business and will continue to scale into these markets as we head into 2024.” Consolidation and Rebranding to Kontrol Building Solutions The Company’s operations in the commercial building sector will be consolidated and rebranded into Kontrol Buildings as of January, 2024. As part of the consolidation a unified platform delivering HVAC, air quality and real-time energy monitoring will be established. Under the rebranding the Company will continue to execute on its successful cost rationalizations as well as integrate all of the Company’s building solutions and technologies under one brand. Emissions Business The Company will seek to expand its regulated emission business and will continue to operate under the well recognized brand of CEM Specialities Inc. The Company’s emission platform has been expanding its offerings to include the regulated Ethylene oxide […]