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Vancouver, B.C., Canada – October 28, 2020 – Legend Power® Systems (TSX-V: LPS) a global leader in commercial electrical system solutions, today announced the purchase of three SmartGATE platforms by channel sales partner Haven Consultants International (“Haven”). Haven has now purchased 20 SmartGATE platforms from Legend for its clients in eastern Canada. All three systems purchased by Haven are destined for buildings in the Province of New Brunswick. Of the three systems purchased, one is for a K-12 school, one for a courthouse and one for a college campus repeat customer. “Our distribution relationship with Legend Power is a key differentiator and an important competitive advantage for my business,” said Michael Parry, President of Haven Consultants. “Legend’s unique solution creates a new business stream without us incurring any additional operating costs while offering considerable value to our client, making their facilities more resilient while delivering a strong economic return. We have sold many SmartGATE systems as a Legend distributor and look forward to a long future offering SmartGATE solutions to our customers.” Haven has secured a 2-year agreement with the Government of New Brunswick’s department of Transportation and Infrastructure as the sole supplier of SmartGATE Solutions. The Government is committed to the maintenance and improvement of government facilities and has earmarked $36 million for sustainability measures such as SmartGATE. The 20 SmartGATE platforms will deliver approximately 635 metric tons of annual reductions in green house gases while saving building owners $210,000 by reducing power consumption by 1,750,000 kWh. “Haven was one of the first companies to join the Legend partner network, and Michael Parry has been a great champion of power optimization and conservation across eastern Canada,” remarked Randy Buchamer, CEO of Legend Power. “Our turn-key training and re-seller support processes were largely designed with Haven in mind. Haven continues to gain traction in the Atlantic Canada region with a variety of customer types ranging from education to municipal facilities. We are very pleased with this long-term distributor relationship and look forward to helping Haven grow substantially in the years to come.” About SmartGATE SmartGATE 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. Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend’s proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. 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 This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. The post Legend Channel Partner Purchases Three SmartGATE™ Platforms appeared first on Legend Power Systems. via Legend Power Systems https://ift.tt/3oKf2uu
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Legend Power Launches SmartGATE Insights Service to Assess the Health of Building Electrical Systems10/23/2020 Vancouver, B.C., Canada – October 23, 2020 – Legend Power® Systems (TSX-V: LPS), a global leader in commercial electrical system solutions, today announced the official launch of its SmartGATE Insights Power Impact Assessment Service. Having discovered chronic financial and operational underperformance in over 1,000 North American commercial buildings due to electrical power challenges, Legend developed a no-risk, non-invasive assessment, custom designed for commercial building owners. The Power Impact Assessment service can be run on many buildings simultaneously, enabling a portfolio-level view of the impact of incoming power. Virtually every system in today’s modern and complex buildings relies on electricity. With the electrification and decarbonization efforts across North America, the electric grid is under more strain than ever. This stress reduces the stability of the electric supply and decreases the lifetime, uptime and efficiency of building systems. “Our new SmartGATE Insights Power Impact Assessment Service measures the high impact attributes of electricity and then applies an array of industry-standard calculations to determine what effects they are having on a building. We regularly find that less than optimal electricity coming into buildings can decrease life expectancy of major systems by 20% to 40%, often resulting in early impairment of multi-million dollar systems. This disrupts capital asset cycles by years, costing millions of dollars.” said Mark Petersen, Legend Power’s VP Engineering. “Commercial Real Estate Owners and Operators across office, multifamily, retail, and industrial, rely on their utility to provide stable and consistent electrical power for buildings to perform at optimal financial and operational efficiency,” said Randy Buchamer, CEO of Legend Power Systems. “After 10-years in the business and having assessed over 1,000 buildings, Legend knows a significant number of them receive poor power quality and suffer from significant underperformance resulting in excess GHG emissions, lower ESG scores, increased expenses, diminished tenant experience and lower net asset value. Our new SmartGATE Insights Service provides building owners with an easy to understand score-card of relative building health, an assessment of the hidden financial and human costs, and finally a custom solution based on Legend’s turnkey industry leading technologies.” If you are interested in having a Power Impact Assessment conducted on your building to identify potential risks or financial waste due to your incoming electric service, contact Legend Power Systems at www.legendpower.com or via email at info@legendpower.com. About SmartGATE SmartGATE 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. Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend’s proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. 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. The post Legend Power Launches SmartGATE™ Insights Service to Assess the Health of Building Electrical Systems appeared first on Legend Power Systems. via Legend Power Systems https://ift.tt/3dSGvF7 Vancouver, B.C., Canada – October 14, 2020 – Legend Power® Systems (TSX-V: LPS) a global leader in commercial electrical system solutions, today announced that existing and prospective customers are increasingly expressing concern over power quality in their buildings retrofitted with state-of-the-art COVID control and monitoring technologies. Legend’s SmartGATETM diagnoses, informs and solves for a wide variety of power challenges which directly impact uptime and stability in key electrical systems in any commercial building. “The future of real estate is no longer about delivering four walls to occupiers of space. Every building owner is concerned about the safety and well-being of tenants,” said Randy Buchamer, CEO of Legend Power Systems. “Investing in the acquisition, installation and operation of COVID safety systems is one thing; having reliable and stable building power to keep these systems running at optimum operational specifications is another. Legend’s SmartGATE identifies building power challenges and eliminates or significantly reduces the impact of poor power quality on critical safety systems while reducing energy consumption and GHG emissions.” Legend has observed that approximately one-third of all buildings we assess are critically susceptible to electrical system performance issues, directly impacting safety initiatives and financial results. Contact us today at for a no-risk assessment and Power Impact Report for your building at info@legendpower.com. About SmartGATE SmartGATE 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. Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend’s proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. For further information, please contact: Steve Vanry, CFO + 1 604 671 9522 Sean Peasgood, Investor Relations + 1 647 503 1054 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 This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. The post Building Owners Look to Legend Power to Safeguard Critical Safety Systems appeared first on Legend Power Systems. via Legend Power Systems https://ift.tt/3lN6ccX Vancouver, B.C., Canada – October 1, 2020 – Legend Power® Systems (TSX-V: LPS) a global leader in commercial electrical system solutions, today announced an Ontario-based College has purchased two SmartGATE Leadership for the future starts with education today. Top educational institutions are focused on providing amazing learning environments for their students and staff, and leadership for strengthened environment, social and governance (ESG) standards. The SmartGATE platform provides a unified active power management platform ensuring optimal building performance for ideal learning environments while reducing electrical consumption and related system costs. Legend’s unique building technology allows leading educational institutions to manage for the triple win – safer & better learning environments, lower operating costs, and protecting the environment through lower GHG emissions. “The education marketplace has historically been a very strong vertical for us in Ontario. While we’re certainly pleased to see activity levels being matched by multi-family, and commercial properties, education remains a large opportunity where we expect to generate strong growth in the years ahead,” said Legend’s CEO Randy Buchamer. “As community leaders, educators were early-adopters of our SmartGATE technology. Then, as now, the combination of the positive economics and environmental leadership both hold appeal to educators. We’re pleased to have their continued support.” With 45 college and university campuses across the Province of Ontario and approximately 4,450 throughout the rest of Canada and the U.S., this end-market offers significant future growth potential for Legend Power. About SmartGATE SmartGATE 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 This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. The post Ontario College Chooses SmartGATE™ for Two of its New, World Class Facilities appeared first on Legend Power Systems. via Legend Power Systems https://ift.tt/3iengXa |
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platforms, becoming the 10th leading college or university to deploy SmartGATE. This win follows last week’s announcement that the U.S. energy services division (“ESCO”) of a premier international Fortune 100 corporation purchased two SmartGATE platforms for a New York school district customer.
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