Multi-Family and Commercial Real Estate Leader’s Third Multi-Unit OrderVancouver, Canada, September 17, 2019 – Legend Power Systems Inc. (LPS:TSXV), a global leader in onsite energy management technology, announces a follow-on order for six additional SmartGATE The customer is an investor in, and active manager of, properties in the U.S. and Canada. Its $7 billion portfolio of multi-family properties includes over 439 buildings totaling approximately 36,000 units. They also have a commercial property portfolio of over 55 buildings containing approximately 6.2 million square feet of floor space. Legend estimates the total potential market for its products in the North American multi-family rental buildings vertical at US$750 million1. ”This follow-on order is a testament to the broad value that SmartGATE Ontario Offers SmartGATE Landlord Incentives Ontario multi-family building owners that invest in SmartGATE’s may apply to increase rents under the Province of Ontario Landlord and Tenant Board’s, Rent Increase Guideline Program. The program encourages Landlord’s investment in capital projects, including those considered as promoting energy conservation such as Legend’s energy efficiency technology. For more information about our technology or to request an assessment of how much energy Legend Power can save in your building, please visit us on the web at: http://legendpower.com/products/. 1 Source: U.S. Department of Housing and Urban Development and U.S. Census Bureau, Rental Housing Finance Survey; Rental apartment properties containing over 50 units at average revenue of C$60k per apartment. 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 Legend Power® Closes $535,000 Follow-on Order to North American Property Manager appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/3059emn
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