Vancouver, Canada, October 26, 2017 – Legend Power Systems Inc. (TSXV: LPS) (the “Company”), a global leader in voltage reduction and optimization technology, today announced it retained the services of John Skipper, a veteran of Con Edison New York who recently left the Power Utility after 32 years of service. While at Con Edison, Mr. Skipper was responsible for business development activities centered around energy efficiency and demand management. Legend Power is working with Mr. Skipper in a sales capacity to leverage his extensive local network of facility managers, property managers, building owners, and potential distribution partners. Mr. Skipper adds a mature network backed by long-term relationships to aggressively grow Legend’s business in the New York region.

“It’s a practical reality that when working with someone of John’s caliber, doors open quickly,” stated Randy Buchamer, President and CEO of Legend Power. “For many influential people in our target market, John was their go-to guy at Con Edison. He’s a person of influence and a trusted advisor to the people we want to talk to. The quality of his network is unmatched and his impact was evident from even before we had a formal working relationship. John is a catalyst to achieve rapid sales expansion and revenue growth in New York.”

John Skipper joins Legend with over 32 years of business development experience in the New York energy efficiency landscape. His newly formed consulting company, Pure Energy LLC, is designed to help companies like Legend introduce proven energy efficiency technologies to a wide audience in New York’s five boroughs and its surrounding areas.

Starting as a Management Associate and then an Attorney in their Legal department, Mr. Skipper rose the ranks at Con Edison to become an Energy Efficiency Executive responsible for selling programs for Commercial Energy Efficiency and Demand Management. He oversaw a team of Account Executives responsible for managing business relationships with Con Edison’s 150 largest customers. Mr. Skipper directed collaborative efforts with city and state-level organizations including the New York City Mayor’s Office of Sustainability/Carbon Challenge Program, New York City Energy Efficiency Corporation, NYSERDA, NYPA, and National Grid to help customers with Energy Efficiency and Renewable Energy Projects. He holds a Bachelors Degree in Economics from the Wharton School at the University of Pennsylvania and a Law Degree from St. John’s University.

“Legend’s solution for helping buildings save money on energy is impressive,” said John Skipper, President of Pure Energy LLC. “I was introduced to the product and learned a great deal about the core technology as a member of the Con Edison Energy Efficiency team. In it’s first local application, the product performed admirably and is currently saving energy for the customer as expected. I am happy to leverage my sales skills and network to help more buildings in New York take advantage of this proven solution.”

Mr. Skipper will work in tandem with Frank Maricic to develop a growing sales presence in the Northeastern USA as Legend Power continues its aggressive growth strategy in the United States. Mr. Skipper represents the second member of Legend’s growing local sales presence, backed by a Fortune-500 name-brand testimonial account in the area and a massively untapped opportunity for the company’s patented solution.

 

About Legend Power Systems Inc.

Legend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The Company’s patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend’s utility-proven Harmonizer improves the power efficiency of an entire building to reduce total energy consumption and power costs, while maximizing equipment life. The solution provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange.

For further information, please contact:

 

Randy Buchamer, CEO and President

+ 1 778 945 1501

rbuchamer@legendpower.com

 

Sean Peasgood, Investor Relations

+ 1 416 565 2805

sean@sophiccapital.com

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

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.