Vancouver, B.C., Canada – November 13, 2020 – Legend Power® Systems (TSX-V: LPS) a global
leader in commercial electrical system solutions, today announced substantial completion in the first
joint project with the U.S. energy services division (“ESCO”) of a Fortune 100 Global Corporation.
The joint project involves incorporating Legend’s SmartGATE to boost the overall performance of
two energy retrofits (see press release dated September 23, 2020) which now enters the optimization
and testing stage.
Legend’s ESCO partner has indicated that SmartGATE is now being included in addition to its
project proposals across several U.S. regions as a principal energy savings measure.
Partnering with the largest energy service company performance contractor in the U.S. is an
important milestone for Legend Power as it establishes significant new sales channels and revenue
streams for the Company. The partnership provides Legend with instant access to decades-long,
trusted relationships in an expanded set of market verticals with little or no marketing, sales or
infrastructure costs. Legend is in discussions with several of the leading U.S. ESCOs and expects
to commence initial projects with several of them during 2021.
About the U.S. ESCO Market
The ESCO market in the U.S. is a US$15 billion a year business that bundles energy conservation
measures for large public entities such as government organizations and others. SmartGATE is a
patented, unique and differentiated offering, which provides our new partner a significant competitive
advantage. These advantages include enhanced energy savings performance, electrical systems
reliability and power quality management capabilities which boost our ESCO partner’s value
proposition and delivers it more sales wins.
About SmartGATE™
SmartGATE is an industry-leading, turnkey solution, which identifies and fixes underperformance
and waste in the electrical system of a commercial building. These performance issues often impact
key areas of commercial real estate metrics including occupant safety and satisfaction and financial
performance. This waste can also lead to higher operating costs, lower net operating income and
other potential financial risks to the building owner, including damaged tenant experience.
About Legend Power® Systems Inc.
Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management
platform that analyzes and improves building energy challenges, significantly impacting asset
management and corporate performance. Legend’s proven solutions support proactive executive
decision-making in a complex and volatile business and energy environment.
For further information, please contact:
Steve Vanry, CFO
+ 1 604 671 9522
[email protected]
Sean Peasgood, Investor Relations
+ 1 647 503 1054
[email protected]
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 to 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.