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Indiva Announces Pre-Market Release of Third Quarter Results on Tuesday, November 21, 2023

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Kontrol Technologies' CEM Specialties Receives Additional Orders from US Customer; Continued Organic Growth in Regulated Emission Markets

Kontrol Technologies Corp.'s operating subsidiary, CEM Specialties (CEMS), has announced the reception of additional orders from a US customer. These orders are aimed at designing and integrating advanced emission technology for real-time monitoring of ethylene oxide. The total value of these orders is approximately $1 million CAD. This development signifies the company's sustained organic growth in regulated emission markets.

Ethylene Oxide Emissions

Ethylene oxide (EtO or EO) is widely used in various industries for the production of solvents, detergents, adhesives, textiles, and pharmaceuticals. It is also utilized for sterility purposes in cosmetics, fumigants, and hospitals. Monitoring ethylene oxide emissions is crucial due to its classification as a hazardous air pollutant.

Continued Organic Growth

Kontrol Technologies' CEO, Paul Ghezzi, emphasizes the importance of the regulated emission market for the company's continued organic growth. The company has successfully delivered real-time monitoring technology solutions to assist customers in monitoring ethylene oxide emissions. The majority of these deliveries have been to the US market, with additional markets including Australia and Mexico. The Environmental Protection Agency (EPA) is proposing stricter air emissions standards and worker protections for ethylene oxide, highlighting the need for continuous monitoring and reduction of this hazardous air pollutant. Based on current supply chains and lead times, the new orders are expected to contribute to revenues in the fourth quarter of 2023 and the first quarter of 2024. The customer's identity is not disclosed for competitive reasons. In conclusion, Kontrol Technologies' CEM Specialties receiving additional orders for advanced emission technology demonstrates the company's expertise in regulated emission markets. Their focus on real-time monitoring solutions for ethylene oxide emissions positions them as a key player in environmental protection and sustainability efforts. The recent announcement by Kontrol Technologies Corp. about CEM Specialties receiving additional orders from a US customer is a testament to the company's continued organic growth in the regulated emission markets. For new businesses looking to enter this space, this development serves as a clear indicator of the increasing demand for advanced emission technology, particularly for monitoring ethylene oxide. As industries continue to use ethylene oxide in the production of various products, the need for real-time monitoring solutions is becoming increasingly critical due to the substance's classification as a hazardous air pollutant. The Environmental Protection Agency's proposed stricter air emissions standards further underscore this need. New businesses should take note of Kontrol Technologies' successful delivery of such solutions, primarily to the US market but also to other markets like Australia and Mexico. The undisclosed identity of the US customer who placed the additional orders also hints at the competitive nature of this market. Therefore, new businesses must not only develop advanced emission technology but also strategize effectively to secure significant orders. Kontrol Technologies' success in this regard positions them as a formidable player in the field of environmental protection and sustainability.
Story First Published at: https://financialpost.com/pmn/business-wire-news-releases-pmn/indiva-to-report-third-quarter-results-pre-market-on-tuesday-november-21-2023
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