Vancouver, Canada, October 4, 2018 – Legend Power® Systems Inc. (TSX-V: LPS), a global leader in voltage management technology, today announced recently completed sales of 5 HarmonizerTM systems totaling C$475,039, to three different K-12 Ontario school boards.
One of the systems was the fourth follow-on purchase by a school board which has now outfitted 7 of its schools with Legend’s Harmonizer. The other two school boards are both first time buyers, purchasing 1 and 3 Harmonizers respectively.
With this latest sale of 5 units, 26 Ontario school boards have now purchased 127 Legend Harmonizers. There are 66 K-12 school boards in Ontario which, collectively, administer 3,975 elementary schools and 902 secondary schools.
“Given the size of the Ontario K-12 schools segment, we are delighted with the continued strong level of activity and the confidence it shows in both our company and our product” said Randy Buchamer, CEO of Legend Power® Systems. “We look forward to continued growth in the Ontario education vertical as a whole.”
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
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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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