Kontrol Technologies, a smart energy technology provider, selected RCAP Leasing, a Canadian financing company, to offer lease finance options to customers of its BioCloud product.

“Providing our customers with access to a finance solution that is simple, easy to administer and transparent are all important features for those who would like to purchase BioCloud units but prefer to amortize that purchase monthly,” Paul Ghezzi, CEO of Kontrol Technologies, said. “The RCAP model allows us to focus on manufacturing and distribution while providing our customers with greater financing flexibility.”

RCAP Leasing will be responsible for lease structuring and approval, with typical lease terms ranging from two to five years and including monthly payments and nominal buyouts. Financing through RCAP Leasing will be available across Kontrol Technologies’ distribution network in Canada.

“We at RCAP Leasing are excited about the opportunity to support Kontrol BioCloud with a point-of-sale financing solution,” Kevin Archibald, director of sales at RCAP Leasing, said. “Our lease offering will allow Kontrol BioCloud’s customers to lease with a low, fixed monthly payment over a set term. The offering will also allow customers to preserve valuable working capital and enjoy ease of acquisition.”

Kontrol Technologies’’ BioCloud is a real-time analyzer designed to detect airborne viruses.