Vancouver, Canada, July 11, 2017 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced a streamlined method for the education sector in Ontario to purchase the company’s proprietary Voltage Harmonizer. Legend has partnered with the Ontario Education Collaborative Marketplace (OECM) to eliminate many of the long, complicated, and often costly tender steps that impact equipment purchasing. Under this agreement, Schoolboards can access the Harmonizer directly from Legend or through one of five different authorized installation partners. This, in conjunction with the recently announced $1 billion of additional budget from the Ontario Ministry of Education for facilities improvement and Greenhouse Gas reduction, accelerates the potential for Harmonizer sales in the education market sector.
“We are excited to partner with OECM to help more schools access our cost-saving technology,” said Randy Buchamer, President and CEO of Legend Power. “Access to capital and purchasing complexity can often times be natural challenges impeding government institutions. The recent announcement of $1 billion of additional school funding that can be applied to Harmonizers helps reduce budgetary constraints. A streamlined purchasing process makes buying a Harmonizer easier. We are aggressively working with schoolboards in Ontario to ensure they know the undisputed value a Harmonizer has to offer, and that there are both capital and purchasing options available to them.”
Launched in 2006, OECM is a trusted not-for-profit collaborative sourcing partner for Ontario’s education sector, broader public sector, and other not-for-profit organizations. Through a competitive tendering process, OECM contracts with innovative, reputable suppliers to offer a comprehensive choice of quality products and services to their customers. By partnering with trusted suppliers, OECM is capable of offering customers a simplified alternative purchasing option to the traditionally slow and costly tender process.
“Our mandate is to find quality products that offer legitimate value and then help our customers access these products in a quick and cost-effective way,” commented Karen Owen, Vice President Supply Management and Customer Relations of OECM. “We feel the Harmonizer is a good fit for our program and are happy to offer it to our customers.”
The OECM agreement allows customers the ability to purchase Harmonizers on their own schedule and in volumes as they see fit. Legend looks forward to developing the education market with the assistance of OECM and, if mutually successful, other market verticals in the future.
About Legend Power Systems Inc.
Legend Power Systems Inc. (www.legend20.wpengine.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
+ 1 416 565 2805
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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