Vancouver, B.C., Canada – August 11, 2020 – Legend Power® Systems (TSX-V: LPS) a global leader in commercial electrical system solutions, today announced that an existing major Ontario-based multi-family and commercial property customer has invested in enabling the 14th building of its portfolio with SmartGATE. 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 SmartGATE is one of the first “go to” electrical system improvements this customer makes to newly acquired portfolio assets,” said Legend CEO, Randy Buchamer. “Enabling our customers to unlock building data, transform it into usable, actionable insights and then implement SmartGATE’s corrective solutions, offers incredibly powerful results.”
SmartGATE is an industry-leading, turnkey solution which identifies and fixes underperformance and waste in the electrical system of commercial buildings. 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 firm including damaged tenant experience.
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Steve Vanry, CFO
Sean Peasgood, Investor Relations
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