Canada-based Kontrol Energy Corp. has announced that it has entered the Saudi Arabian energy and emission compliance market through its wholly-owned subsidiary, CEM Specialties Inc.
"We see great opportunity in this expansion to Saudi Arabia, especially in the areas of technology deployment for improved emission compliance and real-time management of energy," Paul Ghezzi, CEO of Kontrol Energy, said in a statement.
Kontrol and its new regional partner, Zedan Group, have entered into a letter of understanding (LoU) whereby the latter will distribute the firm’s emission compliance and energy IOT and cloud technology.
Further to the LoU, Kontrol and Zedan are negotiating preferred distribution rights driven by sales volumes, the statement said.
While Zedan will provide Kontrol with opportunities from its established customer base, the Canadian firm will support Zedan as a distributor and solution provider.
"We look forward to supporting the Zedan team as they grow their solutions to customers which include government, industrial and the oil and gas sectors," Gary Saunders, President of CEM Specialties Inc, said.
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