VANCOUVER, BC–(Marketwired – November 15, 2016) – Legend Power Systems Inc. (“Legend”) (TSX VENTURE: LPS) and channel reseller Ampere Limited (“Ampere”) today announced that a North American, diversified, Real Estate Investment Trust (“REIT”) has agreed to purchase a Harmonizer energy saving device. This sale not only represents an opportunity for Legend to demonstrate the effectiveness of its technology for a customer controlling hundreds of potential locations but will be the first LEED certified project equipped with a Harmonizer.
Installation of Legend’s Harmonizer is anticipated to provide compelling financial savings and yield valuable LEED points which are the basis for determining a building’s certification level. Advanced certification in LEED buildings is valuable to landlords as it typically translates to significantly higher rents, sales prices and occupancy rates.
In North America there are 45,000 LEED certified buildings. LEED certification provides independent, third-party verification that a building, home or community was designed or retrofitted using strategies aimed at achieving high performance in key areas of human and environmental health such as energy savings.
The selection of Legend’s technology for a high efficiency, LEED certified building is further proof of the attractiveness of Legend’s technology and its strong energy savings potential.
Diversified REIT’s frequently manage a mix of income producing property types, including; office, retail, residential and industrial buildings. Legend has already established a track record of success in the market verticals represented by the holdings of a diversified REIT, the buildings within which are typically strong candidates for Legend’s Conservation Voltage Reduction (“CVR”) technology.
About Legend Power Systems Inc.
Legend Power Systems Inc. (www.legendpower.com) markets a proprietary device, the ‘Harmonizer’ that helps individual buildings reduce energy consumption through the utility-proven concept of Conservation Voltage Reduction, (CVR). Legend provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. Legend was recognized as the top performing cleantech company on the TSX Venture Exchange in 2015.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.
For further information, please contact:
Randy Buchamer
CEO and President
+ 1 778 945 1501
[email protected]
Steve Vanry
CFO
+ 1 604 671 9522
[email protected]
Sean Peasgood
Investor Relations
+ 1 416 565 2805
[email protected]
