[Toronto, August 14] – Legend Power Systems, the leading provider of Active Power Management solutions, is pleased to announce the successful completion of its System and Organization Controls (SOC) 2 Type 1 audit, achieving compliance with industry-leading standards for customer data security. This accomplishment highlights Legend Power Systems’ commitment to providing a secure and reliable data environment for our customers.
Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2 standard is an information security framework that assesses controls relevant to security, availability, processing integrity, confidentiality, and privacy. The successful audit further underscores Legend Power Systems’ dedication to maintaining the highest standards of data protection and operational excellence.
The audit was completed with the support of Johanson Group LLP, an independent audit firm specializing in SOC 2 audits. Johanson Group attested to Legend Power Systems’ information security controls meeting the industry’s most stringent standards, reinforcing the company’s reputation as a trusted partner in optimizing power quality and business performance for commercial buildings.
Legend Power Systems provides Active Power Management to ensure optimal business performance by addressing issues caused by suboptimal electricity, which can impact building occupants, revenues, expenses, profitability, and ultimately the organization’s value. As the grid increasingly shifts to renewable sources like wind and solar, these challenges only intensify, making Legend Power Systems’ solutions more vital than ever.
As a publicly-traded company on the Toronto Venture Stock Exchange under the ticker symbol LPS and on the OTCQB Venture Market under the ticker symbol LPSIF, Legend Power Systems continues to expand its impact across various sectors. The problem we solve represents nearly $100 billion annually in risk and waste to companies, and our ongoing commitment to secure systems and controls ensures that we are well-positioned to be the intelligent center of the modern commercial building’s electric room for decades to come.
Achieving SOC 2 Type 1 compliance is a testament to Legend Power Systems’ dedication to maintaining secure systems and controls, ensuring the protection of customer data and the optimal performance of commercial buildings.