Legend Power Adds Remote Monitoring Capability to 30 Harmonizer Installations; Delivers Enhanced Voltage Management Analytics Directly to Customer Desktop/Mobile
Vancouver, Canada, August 29, 2018 – Legend Power® Systems Inc. (TSX-V: LPS), a global leader in voltage management technology, has completed the successful installation and testing of a remote monitoring and reporting capability in 30 current Harmonizer installations. These implementations are providing valuable insights about the Company’s ability to provide customers with significantly enhanced, real-time power performance data which they can use to further improve energy-management decisions. The new feature set is a fundamental component of a complete power Management platform for commercial buildings that is available to both existing and new customers via either purchase or monthly subscription.
Mark Petersen, Legend Power’s VP of Engineering, said, “Our customers have always purchased Harmonizers based on the proven savings that would come from reduced overvoltage waste and improved energy consumption. Performance validation used to be manual and take weeks but is now available to them ‘on-demand’. This innovative management tool accesses all of a building, or portfolio’s key empirical energy data to enable better decision-making by answering key energy-management questions.”
“This is an example of Legend’s ongoing evolution of an already smart product,” said CEO Randy Buchamer. “Responding to ongoing customer feedback, we are using these upgraded systems to provide customers with valuable data so they can better manage their buildings, and see Harmonizer benefits in real-time. We are monitoring and getting feedback on the 30 enhanced systems already in market, to continue to drive the iteration of the feature set. Building on the early success, Legend plans to further commercialize remote monitoring as an optional feature set for all new product purchases and as a retrofit for any of the Company’s 250+ installations to date.”
About the Remote Monitoring/Reporting System
The already ‘smart’ controller at the Harmonizer’s core can now send the data captured from its power meter to a central Legend database. The system then forwards the data to any web-enabled device and displays key customer metrics including: consumption, savings, maintenance status, operational and other
The Remote Monitoring System refreshes the database in real-time and updates the user interface every minute. Similar systems in other applications typically only refresh data in five or 15-minute increments.
About Legend Power® Systems Inc.
Legend Power® Systems Inc. (www.legendpower.com) is a global leader in voltage management technology. We help buildings use less energy by eliminating ‘overvoltage’; an inherent challenge associated with power grids around the world. Legend’s industry-proven HarmonizerTM enables dynamic power-management of an entire building. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend’s unique solution is also a key contributor to both corporate sustainability efforts, and the meeting of utility energy efficiency targets.
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.
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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