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Legend Power® Systems to install SmartGATE Insights into 4 buildings for second Boston customer

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From the initial deployment of SmartGATE Insights™ through to full deployment of the SmartGATE platform, building owners are continuously supplied with data and analysis that can drive solutions that enhance tenant experience and safety, increase revenue, reduce costs, and increase net asset value.

Additional Information:

Company: Legend Power® Systems
Website: http://www.LegendPower.com
Stock Symbol: TSXV: LPS
Date Published: Jul 30, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Legend Power® Systems announced that a second Boston commercial property owner has taken the initial step to deploy Legend’s SmartGATE™ solution.

The client, a leading international financial services and insurance firm, will utilize the data analysis and executive decision-making tool, SmartGATE Insights™, in 4 of its buildings.

The first step in implementing the SmartGATE™ platform across a portfolio of buildings is SmartGATE Insights™, which captures thousands of electricity data points which impact the efficiency, reliability and life expectancy of a building’s systems.

Equipment that is critical to a building’s success such as elevators, HVAC, security systems and control systems are all vulnerable to power quality issues.

Legend then distills the data into intuitive business impacts in its user-friendly Power Impact Report.

While based on detailed data and industry-standard power quality measurements, the report also highlights business metrics so key decision-makers can understand the value in correcting these issues to maximize business performance and asset value.

From the initial deployment of SmartGATE Insights™ through to full deployment of the SmartGATE platform, building owners are continuously supplied with data and analysis that can drive solutions that enhance tenant experience and safety, increase revenue, reduce costs, and increase net asset value.

SmartGATE™ saves energy by setting the voltage at the optimal point of the approved range.

Around 112 volts the majority of electrical equipment will operate at peak efficiency without sacrificing performance.

On average, SmartGATE™ reduces energy waste by 5 to 6% of a building’s total energy use.

Mark Petersen, VP Engineering, stated: “The SmartGATE solution optimizes energy efficiency and reduces greenhouse gases and significantly mitigates the detrimental effects of poor electrical power quality to critical systems, resulting in optimal business results. Executives need accurate and timely information to make important business decisions and SmartGATE provides that information and the appropriate solutions to improve their businesses. Legend continues to evolve our platform from being solely an energy savings offering, to being a critical power analytics and solutions provider.”

Voltage optimization has been practiced by utilities for decades, however, only Legend has been able to combine energy savings and power quality improvements into a small, cost-effective solution for entire commercial buildings.

Legend’s value and effectiveness is verified by its impressive list of clients.

The shares are trading at $0.40.

For more information, please visit the company’s website at www.LegendPower.com, contact Steve Vanry, CFO, at 604-671-9522 or email sVanry@LegendPower.com

Investor Relations is handled by Sean Peasgood of Sophic Capital, who can be reached at 647-503-1054 or by email at sean@SophicCapital.com.

I’m Cassandra Bolinski for Investmentpitch Media