Vancouver, B.C., Canada – July 30, 2020 – Legend Power® Systems (TSX-V: LPS), today announced that a second Boston commercial property owner has taken the initial step to deploy Legend’s SmartGATE solution. The client, a leading international financial services and insurance firm, will utilize the data analysis and executive decision-making tool, SmartGATE Insights, in 4 of its buildings. Insights’ real-time data will drive informed business decisions to increase revenue, reduce costs, enhance tenant experiences, and increase net asset value. “The SmartGATE solution optimizes energy efficiency and reduces greenhouse gases and significantly mitigates the detrimental effects of poor electrical power quality to critical systems, resulting in optimal business results,” said Legend VP Engineering, Mark Petersen. “Executives need accurate and timely information to make important business decisions and SmartGATE provides that information and the appropriate solutions to improve their businesses. Legend continues to evolve our platform from being solely an energy savings offering, to being a critical power analytics and solutions provider.” SmartGATE Platform – Real-time Insights to Enhance Building Operations and Reduce Cost The first step in implementing the SmartGATE platform across a portfolio of buildings is SmartGATE Insights, which provides the real-time data and diagnostic information to assist senior leadership in determining portfolio inefficiencies. SmartGATE Insights captures thousands of electricity data points which impact efficiency, reliability and life expectancy of systems. Legend then distills the data into intuitive business impacts in its user-friendly Power Impact Report. While based on detailed data and industry-standard power quality measurements, the report also highlights business metrics so key decision-makers can understand the value in correcting these issues to maximize business performance and asset value. From the initial deployment of SmartGATE Insights through to full deployment of the SmartGATE platform, building owners are continuously supplied with data and analysis that can drive solutions that enhance tenant experience and safety, increase revenue, reduce costs, and increase net asset value. About Legend Power® Systems Inc. For further information, please contact: Steve Vanry, CFO Sean Peasgood, Investor Relations Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements The post Second Boston Customer Initiates SmartGATE™ Deployment appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2DgnUoq
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Legend Power Systems Selected as Feature Presenter for New York State Energy Authority Gathering7/20/2020 Vancouver, B.C., Canada – July 20, 2020 – Legend Power® Systems (TSX-V: LPS) has been selected by the New York State Energy Research and Development Authority (NYSERDA) to present at its July 23rd, Multifamily Building Solutions Network Provider webinar. The webinar is attended by approved members responsible for delivering energy assessments and energy savings incentives for multifamily building developers and owners across the State of New York. Legend’s SmartGATETM solution analyzes, confirms and then solves for electrical energy issues in any commercial building. The resulting benefits including lower operating costs, energy savings, enhanced building portfolio value, and improved tenant satisfaction make SmartGATE a perfect fit for delivering on the Multifamily Performance Program’s core mandate. “Legend’s multifamily building customer base, which includes the Company’s single largest customer, have clearly discovered SmartGATE’s benefit as a valued decision-making tool and for its ability to deliver a broad spectrum of financial benefits, including incentives”, said Mark Petersen, VP, Engineering of Legend Power. “Because these attendees are NYSERDA approved leaders, we are confident they’ll see the benefit of a turnkey solution which both analyzes and corrects electrical energy issues.” The Webinar is open to all members of the NYSERDA Multifamily Building Solutions Network and they can register at this location: https://register.gotowebinar.com/register/1673426318143461648 About NYSERDA NYSERDA works with stakeholders throughout New York including residents, business owners, developers, community leaders, local government officials, university researchers, utility representatives, investors, and entrepreneurs. NYSERDA partners with them to develop, invest, and foster the conditions that:
Capital Markets Advisory Contract Extension About Legend Power® Systems Inc. For further information, please contact: Steve Vanry, CFO Sean Peasgood, Investor Relations Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements The post Legend Power® Systems Selected as Feature Presenter for New York State Energy Authority Gathering appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2WEXvHz Vancouver, B.C., Canada – July 9, 2020 – Legend Power® Systems (TSX-V: LPS) announces that another major Real Estate Investment Trust (“REIT”) will leverage Legend’s proven technology to aid in proactive executive decision-making supported by timely and accurate information. By selecting SmartGATE InsightsTM, Legend’s customer will uncover previously undiagnosed underperformance in the electrical systems of its commercial buildings. These performance issues often lead to higher operating costs, lower net operating income and other potential financial risks to the firm including damaged tenant experience. Left undiagnosed, electrical energy challenges are known to negatively impact the overall financial health of commercial building portfolios. Insights gained provide the basis for collaboration with customers to implement solutions that most effectively address their priority needs and concerns. “With today’s complex and volatile electrical energy environment, executive leaders deal with more uncertainty than ever before. The business impacts however, are entirely manageable utilizing information derived from connected and emerging technology solutions like SmartGATE InsightsTM and SmartGATETM which can significantly impact corporate performance and asset management,” said CEO Randy Buchamer. “With increased compliance concerns, growing ESG expectations and general business performance challenges, our customers and prospects are clear that they need a tool that enables proactive and accurate decision-making.” Buchamer added, “With the continued acceptance of Legend solutions by major organizations to address their electrical energy challenges, we are optimistic about Legend’s growth prospects in North America.” The major North American multi-family REIT is working with, and strategically deploying, Legend solutions to identify opportunities to increase the value of their $2 billion+ CRE portfolio. With a successful track record of developing, redeveloping, acquiring, and managing distinctive apartment homes in some of the best markets in the US, the REIT owns or holds 296 apartment communities containing 86,596 apartment homes in 11 states. The REIT has selected from its portfolio, three multi-family buildings located in the city of Boston for evaluation. With Boston’s high utility rates and significant local ESG compliance requirements, the REIT deemed the Boston-based properties to be ideal initial locations to better understand the financial implications of electrical energy impacts across their extensive CRE portfolio. About Legend Power® Systems Inc. For further information, please contact: Steve Vanry, CFO Sean Peasgood, Investor Relations Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements The post Legend Power® Systems Selected by Multi-Family REIT in Boston to Evaluate Business Impact of Electrical Energy Supply appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2O5zDbo |
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