Vancouver, Canada, May 17, 2018 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and management technology, is pleased to announce the purchase of nine Harmonizer systems by channel sales partner Haven Consultants International (“Haven”). Haven has now purchased fifteen Harmonizers from Legend during the last three years for a broad spectrum of clients in eastern Canada.
Of the nine systems purchased, six are destined for a post-secondary learning institution in the Province of New Brunswick. One system was purchased by an airport, and two were purchased by K-12 schools. System installations will be handled directly by Haven.
“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 voltage management solution creates a new business stream without any additional operating costs while offering considerable value to our clients in their quest to save energy and its related costs. We have sold many Harmonizer systems as a Legend distributor and look forward to a long future offering voltage management to our customers.”
“Haven was one of the first companies to join the Legend partner network, and Michael Parry has been wonderful to work with,” remarked Randy Buchamer, CEO of Legend Power. “Our turn-key training and distributor support processes were largely designed with Haven in mind. They continue 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.”
Legend Power offers its voltage management solution using a combination of direct and distribution sales. The Company is actively expanding its distribution network in targeted regions with companies looking to offer unique energy efficiency solutions that compliment their established business model.
About Legend Power Systems Inc.
Legend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The company’s patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend’s utility-proven Harmonizer improves the power efficiency of an entire building to reduce total energy consumption and power costs, while maximizing equipment life. The solution provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange.
For further information, please contact:
Randy Buchamer, CEO and President
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.
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 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.
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