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Overview
Legend Pwr Sys Inc. is a company that delivers an intelligent energy management platform designed to analyze, diagnose, and enhance the performance of electrical systems in buildings. Through its turnkey technology solution, often referred to as SmartGATE, the company addresses critical challenges such as energy waste, grid volatility, and underperformance in commercial and institutional assets. By optimizing power quality and balancing energy use, the system not only reduces overall energy consumption but also extends the lifespan of electrical equipment.
Core Business and Technology
The company’s proprietary platform leverages state-of-the-art analytics and active power management techniques to identify underperformance and inefficiencies in building electrical systems. The SmartGATE solution works by continuously monitoring the electrical parameters of large-scale facilities, identifying areas of energy loss, and automatically implementing corrective measures. This ensures that buildings—ranging from commercial real estate and educational institutions to public sector and government facilities—benefit from improved energy efficiency and reduced operational costs.
Business Model and Market Position
Legend Pwr Sys Inc. operates by both direct sales and strategic partnerships, offering a comprehensive energy management solution. The business model includes:
- Installation and Upgrade Services: Implementation of the SmartGATE solution in new and existing buildings, ensuring compatibility with a variety of electrical infrastructures.
- Recurring Revenue Streams: Ongoing maintenance services, system upgrades, and performance optimization that help sustain long-term efficiency improvements.
- Collaborative Projects: Joint ventures and partnerships with electrical contractors and industry-leading operators in commercial and government sectors to extend market reach.
The company is well positioned within the broader energy management industry, capitalizing on rising demand for efficient power solutions as energy costs increase and regulatory pressures mount. Its commitment to improving power reliability makes it an appealing partner for entities concerned with operational stability and cost control in volatile energy markets.
Industry Applications
Legend Pwr Sys Inc.'s energy management solutions are applicable to a range of sectors:
- Commercial Real Estate: Enhancing the efficiency and performance of large office buildings and retail spaces by mitigating factors that drive up operating costs.
- Educational Institutions: Supporting schools and universities in maintaining stable power supply and reducing energy waste, which contributes to cost reductions and safer environments for students and staff.
- Government and Public Sector: Serving federal, state, and municipal facilities where reliability and a steady power supply are essential for uninterrupted operations—especially in critical infrastructures such as defense facilities and public services.
Technology and Innovation
The foundation of the company’s success lies in its deep technical expertise. The SmartGATE platform uses advanced diagnostics to not only pinpoint energy inefficiencies but also to predict and adapt to changes in load and quality. This dynamic approach reduces energy consumption and ensures that electrical systems operate within optimal parameters. By integrating intelligent monitoring with active corrective actions, the company provides solutions that improve asset management and corporate performance across diverse operating environments.
Competitive Position and Value Proposition
Legend Pwr Sys Inc. differentiates itself by combining robust analytical tools with hands-on expertise in electrical system management. While traditional methods often address energy issues reactively, this company’s solution is proactive and data-driven, offering measurable improvements in energy performance. The clear value proposition is based on the reduction of operating costs, increased equipment longevity, and the assurance of better power quality, which translates into improved financial performance and operational stability for clients.
Operational Excellence and Industry Impact
By fostering strong partnerships with key players in the electrical contracting and technology sectors, Legend Pwr Sys Inc. has established itself as a trusted provider of energy management solutions. Its approach is based on a deep understanding of building energy challenges and a commitment to continuous improvement. The company’s integration of technology with real-world application supports proactive executive decision-making, enabling stakeholders to address energy challenges with precision and reliability.
Conclusion
In summary, Legend Pwr Sys Inc. offers a comprehensive, technology-driven solution that transforms building power management. With its innovative SmartGATE platform, the company continues to address key inefficiencies in electrical systems, thus reinforcing its role as an expert in energy management and power optimization. Its strategic operations and sector-focused initiatives underpin a model of sustainable performance improvement for commercial, educational, and public sector clients alike.
Legend Power Systems (TSXV: LPS) has secured its first customer purchase order for its new Voltage Adherence Risk measurement service within three weeks of its March 6 release. A North American school district, experiencing premature equipment failures, engaged with Legend Power after their SmartGATE Insights Power Impact Report revealed significant power quality issues - detecting 715 hours of moderate to severe risk during a 730-hour month.
The data-driven insights led to immediate contract execution for risk mitigation and system reliability improvement. The school district has expressed interest in reviewing additional schools. The SmartGATE Insights Power Impact Report tracks monthly hours of suboptimal voltage conditions, enabling informed decisions about energy management and system resilience. Legend Power is also retroactively adding this report to previous Power Impact Assessment reports and reviewing the new metric with existing customers.
Legend Power Systems (TSXV: LPS) has unveiled its new Voltage Adherence Risk measurement service to combat 'dirty power' in commercial buildings. The service is part of the SmartGATE Insights Power Impact Report, which quantifies and visualizes risks associated with voltage instability.
The innovative metric tracks how often building electrical systems experience various power conditions, from optimal to severe-risk. According to Mike Cioce, VP of Sales and Marketing, while utilities provide voltage within a 10% range (440V-520V for 480V service), most building equipment is designed for 465V with optimal performance within just 5V of that target.
The company highlights that dirty power, including voltage sags, surges, and harmonics, represents a $100 billion problem in North America. The SmartGATE solution aims to deliver regulated voltage profiles tailored to each building's needs, potentially eliminating power quality issues and generating cost savings.
Legend Power Systems reported Q1 F2025 financial results with revenue of $82,000, compared to $2,000 in Q1 F2024. The company posted a net loss of $1.03 million, slightly improved from $1.08 million loss in the same period last year. As of December 31, 2024, the company maintained $661,000 in cash, with no debt and $939,000 in working capital.
Key operational highlights include closing a first tranche non-broker private placement of $762,000, followed by a second tranche of $851,000 post-quarter, totaling $1.6 million. The company expanded collaborations with utilities and Energy Service Companies (ESCOs) and progressed in the Green Proving Ground program with the U.S. General Services Administration. Legend Power also signed a partnership with Unity Electric in New York City and engaged with a major North American Transport Agency for one of the United States' 10 largest airports.
Legend Power Systems (TSXV: LPS) (OTCQB: LPSIF), a global leader in commercial electrical system solutions, has announced the scheduled release of its Q1 2025 financial results for the period ended December 31, 2025. The results will be published before market open on Friday, February 21, 2025.
The company will host a webinar on the same day at 11:00 AM ET (8:00 AM PT) to discuss the financial results and provide a business update. The webinar will be led by Randy Buchamer, President and Chief Executive Officer. A replay of the webinar will be available on the company's website.
Legend Power Systems has secured an engagement with a major North American Transportation Agency to address power quality challenges at one of the top 10 US airports. The initiative, signed in mid-January 2025, will commence in mid-February, initially evaluating two key facilities with potential deployment of up to eight SmartGATE™ systems.
The project aims to enhance energy performance and resilience at the transportation hub, particularly focusing on challenges related to integrating renewable energy sources. The solution targets power quality issues affecting critical systems including elevation, HVAC, lighting, and life safety equipment.
According to Mike Cioce, VP of Sales and Marketing, this engagement reflects growing demand for power quality solutions in mission-critical environments. The project presents potential for broader implementation across the Agency's infrastructure following initial evaluation as part of their long-term energy strategy.
Legend Power Systems (LPSIF) has announced a strategic partnership with Unity Electric, an Equans company, to expand the distribution of its SmartGATE platform in New York City. Unity Electric will serve as a key sales, distribution, and installation partner, bringing significant reach through Equans' global network, which generates $19 billion in annual revenue across 20+ countries.
The partnership aims to address critical power challenges in NYC's commercial properties, where aging infrastructure and demanding energy profiles create stability issues. SmartGATE, a turnkey energy management solution, optimizes building electrical systems to improve performance and reduce energy waste.
Unity Electric, the premier electrical contractor in NYC metro area, brings extensive expertise and a portfolio of top commercial real estate clients. This collaboration is expected to enhance customer access to SmartGATE technology while leveraging Equans' extensive resources to scale Legend Power's solutions into new markets and industries.
Legend Power Systems reported Q4 F2024 financial results with revenue of $705,335, up 343% from $159,114 in Q4 F2023. The company posted a net loss of $832,475, improved from a $969,729 loss in Q4 F2023. Gross margin improved to 21% compared to negative 4% in the same quarter last year.
For the full fiscal year 2024, revenue reached $1,872,973, a 69% increase from $1,106,093 in 2023. The company maintained a strong financial position with no debt and $742,000 in working capital. Operating expenses decreased to $4,014,333 from $4,430,493 in the previous year due to cost-cutting measures. The company reported increased sales activity and engagement with commercial real estate firms, with over 196 buildings in active sales cycles for more than 400 potential SmartGATE units.
Legend Power Systems (TSXV: LPS) (OTCQB: LPSIF), a global leader in commercial electrical system solutions, has announced it will release its fiscal 2024 financial results for the year ended September 30, 2024, before market open on Friday, December 20, 2024. The company will host a webinar at 11:00 AM ET (8:00 AM PT) on the same day to discuss the results and provide a business update. The webinar will be hosted by Randy Buchamer, President and CEO, with a replay available on the company's website.
Legend Power Systems (TSXV: LPS) (OTCQB: LPSIF) has issued a clarification to retract a revenue projection statement from their December 3, 2024 corporate update. The company highlights progress across five strategic pillars: U.S. GSA Green Proving Ground Program, Department of Defense initiatives, Energy Performance Contracts, City of New York collaborations, and GSA Multiple Award Schedule.
Key developments include two SmartGATE system installations for GSA, a DoD letter of intent for 10 systems, successful ESCO partnerships, and involvement in NYC's US$4 billion school electrification initiative. The company reports record bookings, improving gross margins approaching 50%, and expects to achieve EBITDA-positive operations in 2025.
Legend Power Systems reports significant progress across five strategic pillars aimed at driving growth. The company highlights key developments including: participation in the U.S. GSA Green Proving Ground program with upcoming SmartGATE installations; a Department of Defense letter of intent for 10 SmartGATE systems; expanding presence in the Energy Performance Contracting market; deepening collaboration with New York City's electrification initiatives; and pending GSA Multiple Award Schedule designation. The company reports record-breaking bookings, improving gross margins approaching 50%, and projects achieving EBITDA-positive operations in 2025. Management forecasts potential annual revenue exceeding $100 million within 3-5 years.
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