Burnaby, British Columbia – Legend Power Systems Inc. (TSX.V: LPS) (“Legend Power” or “the Company”) today announced the appointment of Mr. Michael Costello to its Board of Directors, effective immediately.
Michael Costello brings to the board a wealth of business experience and leadership skills. He is a former President and CEO of the BC Transmission Corporation and President and CEO of BC Hydro and Power Authority. Michael has served on over 20 boards and councils, including the Ontario Power Authority, the Vancouver Island Health Authority, Energy Council of Canada, Canadian Electricity Association and the Vancouver Board of Trade.
“We’re fortunate to attract someone of Michael’s experience and caliber to our board,” says Legend Power Chairman and CEO, Gerry Gill. “Michael will play an important role and his experience, background and network will be a tremendous asset to our team.”
Michael also serves as a sessional lecturer at the School of Public Administration at the University of Victoria. Michael was the Consumers’ Choice Award recipient in Vancouver 2003 for the Businessman of the Year and selected as one of Vancouver’s Top 100 Influential Business Persons in 2004.
“Coming from the energy sector, I recognize the potential and believe strongly in Legend Power’s proposition,” says Michael Costello, Director, Legend Power. “I am delighted to join the board and I look forward to playing a part in its continued growth and success.”
About Legend Power Systems Inc.
Legend Power Systems Inc. is a leading electrical energy conservation company that manufactures and markets a patented device to help commercial and industrial customers achieve significant energy savings through voltage optimization. Legend Power’s Electrical Harmonizer-Automatic Voltage Regulator (AVR) eliminates inefficiencies by delivering the optimal level of voltage a user needs. Most customers receive higher voltage levels than required at certain points of the grid from electrical utilities. Higher than nominal voltage can affect the lifespan of electrical equipment and result in high monthly utility bills. By delivering the optimal voltage to the user, Legend Power’s Electrical Harmonizer-AVR helps companies reduce their electricity bills, maintenance costs and greenhouse gas emissions while increasing the life of electrical equipment. The technology also decreases capital and operating costs for electrical utilities.
Forward Looking Information
This release and referenced materials contain forward looking statements, within the meaning of the “safe-harbour” provisions of the Private Securities Act of 1995, which are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause actual results to differ materially include: rapid technological and/or market changes in the industry including actual electrical billing rates; the adequate protection of the Company’s proprietary rights; and other factors described in the Company’s regulatory filings. Although we believe the expectations reflected in our forward looking statements are reasonable, individual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
For further information, please contact:
Corporate Development Manager
Legend Power Systems Inc.
Living Communications Inc.
604 657 8234
Ross Sullivan/Stephanie Thatcher
604 689 5559
LEGEND POWER SYSTEMS INC.
8618 Commerce Court
Burnaby, BC V5A 4N6
604 420 1500