TORONTO, Dec. 19, 2017 /CNW/ - Kontrol Energy Corp. (CSE: KNR) is pleased to announce, further to its press release dated November 1, 2017, that it is expanding its blockchain technology development to solve the greenhouse gas emissions challenges faced by multi-national organizations.
"Currently there is no simple answer to the question that many global companies are asking, which is, how do we become a carbon neutral business?" says Paul Ghezzi, CEO of Kontrol Energy. "Following the Paris Climate Accord, numerous organizations have announced their intention to be carbon neutral by 2050. That's why we are working on an efficient, timely and cost-effective solution to be rolled out in 2018. Through blockchain technology we will seek to facilitate a transparent carbon measurement and carbon offset market."
A carbon offset is a credit for greenhouse gas reductions achieved by one party that can be purchased and used to compensate (offset) the emissions of another party. Carbon offsets are typically measured in tons of CO2-equivalents and are bought and sold through various international brokers and trading platforms. These transaction platforms are generally not transparent, liquid or efficient.
Without a universal ledger it is difficult for any organization to measure how much carbon they have both emitted and offset. This is where blockchain technology can facilitate a unique solution which is data-driven, allows verification of multiple approval steps and exists separately from the environmental benefits to which they correspond. In a world in which carbon emissions and offsets are tracked transparently and reliably, organizations will be able to better mitigate their carbon impact in real-time.
"Through blockchain technology we will create a platform where companies can measure and verify their carbon emissions and carbon offsets," continues Paul Ghezzi. "Further we will provide our customers with the capability to build their own carbon offset projects and create their own unique loyalty program tied to the acceleration and achievement of their corporate sustainability goals."
Kontrol has launched a new operating brand, NetZero World Inc. and is reviewing various potential operating acquisitions of blockchain technology companies as it continues to progress on its blockchain development program. Visit www.netzeroworld.org for more information.
About Kontrol Energy Corp.
Kontrol Energy Corp. (CSE:KNR) is a leader in energy efficiency solutions and technology. Through a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Statements:
Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements regarding possible future acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth, the provision of solutions to customers and Greenhouse Gas emissions reductions, proposed financial savings and sustainable energy benefits and energy monitoring. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others. 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, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected that 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 the Company 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, except as required under applicable securities law.
SOURCE Kontrol Energy Corp.
For further information: Paul Ghezzi, CEO, [email protected]; Kontrol Energy Corp., 180 Jardin Drive, Unit 9, Vaughan, ON, L4K 1X8, Tel: 905.766.0400, Toll free: 1.844.866.8123