Vancouver, Canada, February 28, 2019 – Legend Power® Systems Inc. (TSXV: LPS), a global leader in onsite energy management technology, today reported its first quarter of fiscal 2019 financial results for the quarter ended December 31, 2018. A conference call to discuss the results is set for 4:30pm EST today (dial in details below). A complete set of Financial Statements and Management’s Discussion & Analysis has been filed at www.sedar.com. All dollar figures are quoted in Canadian dollars.
Q1 F2019 Highlights
Financial summary for the quarter ended December 31, 2018.
1Previous year columns have been reclassified to conform with the presentation for the three months ended December 31, 2018.
Cash and Working Capital
Sales and Marketing
We have recently invested in an outside partner to drive the outbound prospecting for our sales team to ensure that nothing gets in the way of starting to talk to net new customers on a regular basis – thereby growing our pipeline consistently.
We are bringing in new highly experienced sales professionals, in a way that we have not been able to do so before. Specifically, we have brought on 3 new sales executives that combined have over 60 years of selling experience and over 20 years selling energy control systems / savings initiatives in their respective markets. These energy sales professionals have done their own research and have validated Legend and our offering. Not only do they believe in the offering and direction of Legend but, more importantly, feel that the clients they have talked to over their careers will immediately understand SmartGATE’s value proposition and long-term energy and maintenance savings capabilities.
Investor Conference Call
DATE: Thursday, February 28, 2019
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 SmartGATETM 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:
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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