BURNABY, BC, Aug. 19 /CNW/ – Having successfully concluded over thirty long term beta trial sites in Canada and the United States, Legend Power Systems Inc. (TSX-V: LPS) (“Legend Power”), in its move from R&D to commercialization, announces the launch of its North American sales and marketing program and the appointment of tech industry veteran, David E. Orton as Vice President, Sales & Marketing.
Legend Power’s CEO, Gerry Gill commented, “The success of our beta trial program, the endorsement from both the BC Hydro Power Smart program as well as Ontario conservation funding programs, and the huge momentum in green technologies and energy conservation awareness has set the stage for a strong commercial launch into the North American market.” Mr. Gill continued, “The addition of David Orton as Vice President, Sales & Marketing brings bench strength in the commercialization of new technologies both domestically and internationally, positioning us for strong growth right out of the gate.”
Mr. Orton’s background includes over 14 years of senior marketing and sales roles in fast paced high tech environments including tenures at Bell Canada’s satellite communications group as VP Business Development & Marketing, Rogers Communications and Glentel Mobile Satellite. In addition to work throughout Canada and the US, David has extensive business development experience in China, India, and Thailand where he worked with large OEMs and NGOs, developing local channel partners and leveraging Industry Canada’s ICT Trade support.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the Shares in the United States. The Shares have not been and will not be registered under the U.S. Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act of 1933 and all applicable state securities laws, or an applicable exemption from registration requirements.
Forward Looking Information
Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continues,” “estimates,” “expects,” and “will” and words of similar import, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and in the regions in which the Company operates; history of losses and uncertainty of revenues; ability to obtain required financing; technology changes and/or market changes, including actual electrical billing rates; adequate protection of the Company’s proprietary rights; competition; changes in business strategy or development plans; and other factors referenced in the Company’s filings with Canadian securities regulators. Although the Company believes that expectations conveyed by the forward-looking statements are reasonable based on the information available to it on the date such statements were made, no assurances can be given as to the future results, levels of activity, performance or achievements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not assume the obligation to update any forward-looking statements except as otherwise required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
|For further information, please contact:
Gerry Gill, Chairman & CEO
Legend Power Systems Inc.
+ 1 604 420 1500
|LEGEND POWER SYSTEMS INC.
8618 Commerce Court
Burnaby, BC V5A 4N6
+1 604 420 1500