VANCOUVER, British Columbia, Jan. 09, 2020 (GLOBE NEWSWIRE) — Legend Power® Systems Inc. (TSX-V: LPS) has continued enhancing its groundbreaking SmartGATE™ platform. The platform’s management of power quality issues now includes the ability to mitigate the effects of voltage sags and swells, which are key causes of damage to motors, computer system crashes and a general shortening of equipment life.
Voltage sags and swells (defined as a short-term decrease or increase in voltage of more than 10% of nominal), momentary interruptions and other power quality issues are not new; they have been a frustration with electric power systems for a hundred years. What has changed is that the loads customers connect to today’s electric distribution systems include advanced, sensitive equipment. This is coupled with the increasing integration of microcomputers in process control and for building automation. The result is that yesterday’s grid is causing unnecessary wear and tear, or breakdowns, in today’s buildings.Said Mark Petersen, VP of Engineering for Legend Power Systems, “The most visible impact of voltage swells is elevator service interruptions. While less frequent than voltage sags, the inconvenience or potential danger to building occupants makes managing this a priority. With sags and swells impacting sensitive electronics like computers, Legend first assesses the issues with SmartGATE Insights™ and then has SmartGATE fix or mitigate both conditions in real time. The fact that it does so at a size and price specifically designed for commercial buildings makes SmartGATE an attractive solution compared to more expensive alternatives.”According to the Electric Power Research Institute (EPRI), voltage sags and swells combined account for 48% of power quality problems. Of the two, voltage sags are more frequent, with a typical facility experiencing 45 voltage sags per year in the U.S. according to the EPRI Distribution Power Quality study. Voltage swells place additional stress on motor windings, leading to failure. Capacitors used in all electronic systems have a specific recommended voltage at which they are designed to operate, and every voltage swell – or high-voltage event – shortens the useful life of costly and valuable equipment. Since all of these events appear to be random failures, costs are often absorbed by the business and are budgeted as an ongoing, recurring expense. In fact, as they are linked to poor power quality, these issues are manageable or even avoidable costs.About Legend Power® Systems Inc.Legend Power® Systems Inc. (www.legendpower.com) is a global leader in onsite energy management technology. They help buildings to overcome grid volatility challenges common to utilities around the world. Legend’s industry-proven SmartGATE™ enables dynamic power management of an entire building. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend’s unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
-END-For further information, please contact:Steve Vanry, CFO
+ 1 604 671 9522
svanry@legendpower.comSean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.comNeither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis 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.
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