Kontrol Technologies' CEM Specialties Receives Additional Orders from US Customer; Continued Organic Growth in Regulated Emission Markets
Kontrol Technologies Corp., through its operating subsidiary CEM Specialties (CEMS), is expanding its collaboration with a US customer to design and integrate advanced emission technology for real-time monitoring of ethylene oxide. Following previous press releases, CEMS has received additional orders worth approximately $1 million CAD, supporting their growth in this new market. Ethylene oxide is widely used in various industries, and monitoring its emissions is crucial for environmental and health protection. The Environmental Protection Agency (EPA) is proposing stricter air emissions standards and worker protections for ethylene oxide. Kontrol Technologies' hardware and software solutions have been delivering real-time monitoring technology to the US, Australia, and Mexico markets. The new orders are expected to contribute to revenues in Q4 2023 and Q1 2024. Kontrol Technologies Corp. specializes in smart buildings and cities, providing IoT, Cloud, and SaaS technology solutions to improve energy management and emissions monitoring.
Implications of Kontrol Technologies' Growth on New Businesses
The recent success of Kontrol Technologies Corp.'s subsidiary, CEM Specialties (CEMS), in securing additional orders for advanced emission technology offers valuable insights for new businesses. The company's expansion into the regulated emission market, particularly for real-time monitoring of ethylene oxide, underscores the importance of innovation and adaptability in today's dynamic business environment.
Embracing Technological Innovation
Kontrol Technologies' ability to design and integrate advanced emission technology demonstrates the power of technological innovation in driving business growth. For new businesses, this serves as a reminder to continuously seek out and leverage new technologies to stay competitive and meet evolving customer needs.
Responding to Regulatory Changes
The company's growth is also a response to proposed stricter air emissions standards by the EPA. This highlights the need for businesses to stay abreast of regulatory changes and proactively adapt their offerings. By doing so, businesses can turn potential challenges into opportunities for growth.
In conclusion, Kontrol Technologies' success in the regulated emission market provides a roadmap for new businesses. It emphasizes the importance of embracing technological innovation and adapting to regulatory changes to drive business growth and success.