Vancouver, B.C., Canada – September 23, 2020 – Legend Power® Systems (TSX-V: LPS) a global leader in commercial electrical system solutions, today announced the U.S. energy services division (“ESCO”) of a premier international Fortune 100 corporation has purchased two SmartGATE platforms for a New York school district customer. Partnering with the largest energy service company performance contractor in the U.S., is an important milestone as it establishes significant new sales channels and revenue streams for Legend Power. “After years of investment, we are pleased to announce our first partnership with a leading ESCO,” said Legend Power CEO, Randy Buchamer. “With over 300 units now deployed across North America, delivering financial as well as operational benefits to our customers, it was only a matter of time before ESCOs discovered the value of and opportunity in SmartGATE. We anticipate this to be the first of many relationships with U.S. ESCOs which will provide Legend with low cost / high leverage geographic reach and strong presence in key U.S. regions. Legend gets instant access to decades long, trusted relationships in an expanded set of market verticals with little or no marketing, sales or infrastructure costs. I am excited about the opportunity these partnerships can bring which should quickly help us scale the business in existing as well as new regions.” The ESCO market in the U.S. is a US$15 billion a year business that bundles energy conservation measures for large public entities such as government organizations and others. SmartGATE is a patented, unique and differentiated offering, which provides our new partner a significant competitive advantage. These advantages include enhanced energy savings performance, electrical systems reliability and power quality management capabilities which boost our ESCO partner’s value proposition and delivers it more sales wins. About SmartGATE 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 Fortune 100 Global Corporation Partners with Legend to Enhance Energy Services Offering Two New York Schools to Improve ESG Scores with SmartGATE appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/32SxfwO
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Vancouver, B.C., Canada – September 16, 2020 – Legend Power® Systems (TSX-V: LPS) a global leader in commercial electrical system solutions, today announced follow-on orders from a major Ontario-based commercial property customer, which has now enabled 16 of its multi-family buildings with SmartGATETM. The customer owns and manages a $10+ billion portfolio of North American multi-family properties including 400 buildings with over 40,000 units. ”We are pleased that SmartGATETM plays a central role in helping this customer attain ESG mandates and in enhancing financial performance across their building portfolio”, said Legend CEO, Randy Buchamer. “Legend is experiencing growth in new and existing relationships with North American multi-family building owners seeking a partner that can identify the root causes of electrical inefficiency in their buildings and provide customized solutions. This is a multi-billion-dollar market vertical for which Legend is uniquely positioned as the leader and sole provider of its kind.” SmartGATETM is an industry-leading, turnkey solution which identifies and fixes underperformance and waste in the electrical system of a commercial building. These performance issues often impact key areas of commercial real estate metrics including occupant safety and satisfaction and financial performance. This waste can also lead to higher operating costs, lower net operating income and other potential financial risks to the building owner, including damaged tenant experience. 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 Leading North American Property Manager Makes Follow-on Investment in SmartGATE Solutions for Two Additional Buildings of Multi-Family Portfolio appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2E5mwpc |
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