Burnaby, British Columbia – Legend Power Systems Inc. (TSX.V: LPS) (“Legend Power” or “the Company”) today announced the appointment of two directors to its Board, effective immediately.
Bruce Sampson joined the Legend Power Board after a ten-year career with B.C. Hydro. Formerly Vice President of Sustainability at B.C. Hydro, Bruce and his team were instrumental in helping the provincial utility introduce the first voluntary renewables portfolio standard for a Canadian electrical utility. B.C. Hydro was also at the forefront of the adoption of a triple bottom line framework and integration of sustainability objectives throughout the company.
Bruce joined B.C. Hydro in 1997 as Director, Strategic Issues and Planning and held several progressive positions during his tenure with the utility. He was instrumental in developing B.C. Hydro’s long-term strategy and goals, with specific emphasis on ensuring sustainability was incorporated into the long-term goals, strategies and objectives. He has extensive experience in strategic planning and risk management and was integral in the development of the 2001 B.C. Provincial Energy Plan and 2004 Power Technology sector framework, leading to the release of the Task Force report on Power Technology adopted by the Province of B.C.
Bruce also sits on a wide range of boards and committees and is a sought-after public speaker. He is currently an Executive in Residence at the University of Victoria and Chair, International Center for Sustainable Cities (ICSC).
“While at Hydro I saw first hand the energy and cost savings that Legend Power’s technology achieves” says Bruce Sampson, Director, Legend Power. “I recognized the potential immediately so, for me, it was an easy decision to join the company’s Board and play a part in its ongoing growth.”
Bill McCourt, MBA, former Chair of The Executive Committee (T.E.C.) Canada, was also appointed to Legend Power’s Board. Bill has over 40 years of senior management experience, including CEO of the Insurance Corporation of British Columbia (ICBC), Executive VP of Operations for B.C. Tel and Senior VP of Merchandising for T. Eaton Company Limited. He has an MBA from the University of Maryland and a Bachelors of Commerce from the University of British Columbia.
“The consistent results from Legend’s proprietary technology for big brands like Ikea, B.C. Hydro and Science World, makes Legend Power stand out in the marketplace,” says Bill McCourt, Director, Legend Power. “The business proposition is compelling and I look forward to making a contribution to the future success of the company.”
“Bruce and Bill bring tremendous experience to our board” says Gerry Gill, Chairman and CEO, Legend Power. “To attract this calibre of directorship is testament to the potential in our technology and business model. As we enter a growth phase and look to increase sales, both these individuals will play important roles in our success.”
Bruce Sampson will sit on Legend Power’s Audit Committee and Bill McCourt on the Corporate Governance and Compensation Committees.
About Legend Power Systems Inc.
Legend Power Systems Inc. is a leading electrical energy conservation company that manufactures and markets a patented device to help commercial and industrial customers achieve significant energy savings through voltage optimization. Legend Power’s Electrical Harmonizer-Automatic Voltage Regulator (AVR) eliminates inefficiencies by delivering only the optimal level of voltage a user needs. Most customers receive higher voltage levels than required at certain points of the grid from electrical utilities. Improper voltage can affect the lifespan of electrical equipment and result in high monthly utility bills. By delivering the optimal voltage to the user, Legend Power’s Electrical Harmonizer-AVR helps companies reduce their electricity bills, maintenance costs and greenhouse gas emissions while increasing the life of electrical equipment. The technology also decreases capital and operating costs for electrical utilities.
Forward Looking Information
This release and referenced materials contain forward looking statements, within the meaning of the “safe-harbour” provisions of the Private Securities Act of 1995, which are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause actual results to differ materially include: rapid technological and/or market changes in the industry including actual electrical billing rates; the adequate protection of the Company’s proprietary rights; and other factors described in the Company’s regulatory filings. Although we believe the expectations reflected in our forward looking statements are reasonable, individual results may vary, and we cannot guaruntee future results, levels of activity, performance or achievements.
For additional information, please contact:
Living Communications Inc.
Corporate Development Manager
Legend Power Systems Inc.
LEGEND POWER SYSTEMS INC.
8618 Commerce Court
Burnaby, BC V5A 4N6
+1 604 420 1500