Legend Power® Secures 15 SmartGATE Insights™ Engagements and Follow-on Sale of SmartGATE™ Platform to Large Ontario Multifamily Residential Property Owner

03-10-21 | Featured News, Press Releases

Vancouver, B.C., Canada – March 10, 2021 – Legend Power Systems® (TSX-V: LPS and OTCQB: LPSIF), a global leader in commercial electrical system solutions, today announced that a major multifamily residential property owner has engaged Legend Power® to assess 15 additional properties with SmartGATE Insights™, including new properties under construction. The customer also ordered another SmartGATE™ Platform, representing the fourth of its properties to install a SmartGATE™ solution. The organization is a privately-owned business that has developed built, and managed apartment buildings for 60 years. The client has 9,600 units across its portfolio.

Legend’s SmartGATE Insights™ and Power Impact Report is a valuable tool that provides building owners a better understanding of the financial impact the power grid is having on their buildings and how SmartGATE™ solutions can solve these challenges for them. The Power Impact Report delivers non-technical explanations of the negative financial effects being suffered in single buildings and entire portfolios combined with actionable solutions customized for our customers.

“The customer’s commitment to sustainability leadership, tenant safety, and satisfaction are evident with their investment in the SmartGATE™ systems,” said Michael Cioce, Vice President of Sales and Marketing for Legend Power® Systems. “Their leadership team has engaged our solutions for the past two years, and we look forward to helping them achieve goals related to their ESG programs, environmental leadership, and tenant experiences.”

About SmartGATE

SmartGATE™ is an industry-leading, turnkey solution which identifies and fixes underperformance and waste in the electrical system of a commercial building. These performance issues often impact key areas of commercial real estate metrics including occupant safety and satisfaction as well as financial performance. This waste can also lead to higher operating costs, lower net operating income and other potential financial risks to the building owner, including adverse tenant experiences.

About Legend Power® Systems Inc.

Legend Power® Systems Inc. (www.legendpower.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


Sean Peasgood, Investor Relations

+ 1 647 503 1054


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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