Vancouver, B.C., Canada – August 11, 2020 – Legend Power® Systems (TSX-V: LPS) a global leader in commercial electrical system solutions, today announced that an existing major Ontario-based multi-family and commercial property customer has invested in enabling the 14th building of its portfolio with SmartGATE™. The customer owns and manages a $10+ billion portfolio of North American multi-family properties including 400 buildings with over 40,000 units.
”We are pleased that SmartGATE™ is one of the first “go to” electrical system improvements this customer makes to newly acquired portfolio assets,” said Legend CEO, Randy Buchamer. “Enabling our customers to unlock building data, transform it into usable, actionable insights and then implement SmartGATE’s corrective solutions, offers incredibly powerful results.”
SmartGATE™ is an industry-leading, turnkey solution which identifies and fixes underperformance and waste in the electrical system of commercial buildings. 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 firm including damaged tenant experience.
About Legend Power® Systems Inc.
Legend Power® Systems Inc. (www.legend20.wpengine.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
svanry@legendpower.com
Sean Peasgood, Investor Relations
+ 1 647 503 1054
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.
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