Vancouver, B.C., Canada – Legend Power® Systems (TSX-V: LPS), a global leader in onsite energy management technology, today provided a business update and discussed recent steps taken to ensure a seamless transition to the anticipated normalization of business and economic activity.
We are pleased to report that in-process sales cycles have continued and that the uptake of the SmartGATE Insights building power analysis solution is demonstrating customer confidence in this additional product. External highlights include:
Given that Legend provides a product that improves an essential service like electricity, the Company will continue to be flexible and creative to do whatever it can to assist our customers and the occupants of their buildings through the current environment.
“Legend took decisive action early, prioritizing the wellbeing of our employees, our customers, our partners, and our communities,” said CEO Randy Buchamer. “We’ve continued monitoring and assessing the impact of COVID-19 and are pleased to see that following their initial scramble to get employees set up for work-from-home initiatives, customers remain engaged in the value that both SmartGATE Insights and SmartGATE can bring to their buildings. And while we are not yet back to normal, I am pleased with the feedback and activity we are seeing in the pipeline.”
To ensure Legend continues to execute to plan, we have taken several steps to manage prudently through the current environment. These include:
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.
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