Legend Power Closes over $500000 of SmartGATE Sales New and Repeat Orders Validate Energy and Cost Savings
Vancouver, B.C., Canada – February 13, 2020 – Legend Power® Systems Inc. (TSX.V: LPS) (“Legend Power” or the “Company”), a global leader in onsite energy management technology, today announced $527,521 of sales within Ontario’s Education sector.
Five SmartGATE units have been purchased by three different Ontario school boards. One buyer is a repeat purchaser making its first follow-on order having previously purchased one unit as a test and validating the value proposition of reducing greenhouse gas emissions, improving energy efficiency and lowering energy costs. One of the five SmartGATE’s was purchased by a prominent Ontario university, another vertical which values the breadth of efficiency and sustainability benefits that can be delivered by a SmartGATE implementation.
“With 74% of all SmartGATE’s being multiple-unit purchases (up to 18) by specific customers, we continue to see proven pilots and initial deployments lead to follow-on orders”, said Legend’s CEO Randy Buchamer. “With the recent announcement of SmartGATE Insights, our data analytics and metering solution (which analyzes and reports on 132 parameters), interest is only increasing as the world moves toward smarter energy decisions. The combination of SmartGATE Insights analytics and the SmartGATE platform (which literally “reshapes” electricity coming into a building to what its managers need), reduces energy consumption and greenhouse gas emissions, which is a focus across cities and countries around the world. This capability is especially important in our New York market where the government claims buildings are the cause of 71%1 of the city’s greenhouse gas emissions.”
About SmartGATE Insights and The SmartGATE Platform
About Legend Power® Systems Inc.
For further information, please contact:
Steve Vanry, CFO
Sean Peasgood, Investor Relations
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