Vancouver, Canada, July 18, 2017 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced two Ontario schoolboards purchased a combined total of 12 Harmonizer units. Both schoolboards have previously purchased Harmonizers from Legend.
“We are pleased that these two customers see excellent value from our Harmonizer to warrant deploying more systems in additional schools,” said Randy Buchamer, Legend Power’s President and CEO. “Out of the 13 vertical markets Legend Power targets, we’ve sold the most Harmonizers in Education. We are working diligently to ensure all Ontario schoolboards understand the cost-saving value a Harmonizer has to offer.”
The schools to be outfitted with these Harmonizers range in size from approximately 80,000 to 100,000 square feet, with each having roughly 1.5 million kilowatt hours of power consumption annually. A mid-sized Harmonizer fits this facility size.
The Harmonizer is an industry proven technology for reducing energy consumption to help building owners and operators spend less money on power. The technology modulates voltage to a more optimum level to match the needs of the electrical equipment in a building. Reducing overvoltage to an optimum level decreases overall power use, reduces the strain on electrical equipment making it last longer with less maintenance, and reduces a building’s environmental impact. The progressive and environmentally conscience schoolboards that outfit their facilities with Harmonizers enjoy the benefits of spending less on power and electrical equipment maintenance, allowing more funds to be allocated to education.
These recent purchases are indicative of increased market awareness of Legend’s technology and its proven value. Legend is pleased to be one of several efficiency measures approved for Ontario Ministry of Education funding. The orders above were placed outside of the recently announced consolidated procurement program.
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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