Vancouver, Canada, May 9, 2018 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and management technology, is pleased to announce the purchase of eight Harmonizer systems by two Ontario based colleges totalling $967,583. These are the Company’s fifth and sixth sales in the post secondary subset of its Ontario education market vertical.
There are approximately 45 college and university campuses in the Province of Ontario with each capable of supporting multiple Harmonizer systems to reduce overall power consumption and related costs. One of the two campuses represent a wholly new customer for Legend. The other is a repeat customer who, after installing and evaluating Legend’s solution, elected to outfit their entire campus with six additional units.
“We are delighted to have once again tapped this subset of the broader education vertical in Ontario and look forward to working with other post secondary institutions to achieve their sustainability goals,” said Randy Buchamer, CEO, Legend Power Systems. “The type of momentum we are experiencing in the tight-knit education vertical is a tell-tale sign that customers openly endorse the cost-saving and environmental benefits of our voltage management solution. The continued success of our selling strategy in the Ontario education vertical, gives us confidence that it will be equally effective when replicated in new regions.”
Legend Power provides a unique and compelling solution that impacts the energy use of an entire building and offers a guaranteed, long-term savings from a one-time investment.
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
Sean Peasgood, Investor Relations
+ 1 647 503 1054
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.