Legend Power Secures 10 SmartGATE Insights Engagements in Manhattan, New York
Legend Power Systems (OTCQB:LPSIF) has secured a contract for 10 Insight Assessments at a 1,200-unit apartment complex in New York City, managed by a leading commercial real estate company. Utilizing its SmartGATE technology, Legend aims to provide insights into the financial impacts of power systems. This engagement is crucial for enhancing electrification and decarbonization strategies, potentially influencing over 300 buildings in the company's portfolio. The assessments are designed to improve financial performance and address environmental concerns.
- Secured contract for 10 Insight Assessments at a major New York City apartment complex.
- Utilizing SmartGATE technology to enhance financial and environmental performance.
- Potential to influence electrification strategies across 300+ buildings.
- None.
VANCOUVER, BC / ACCESSWIRE / March 18, 2021 / Legend Power Systems® (TSXV:LPS) and (OTCQB:LPSIF), a global leader in commercial electrical system solutions, today announced that a major multifamily residential property owner has engaged Legend Power to perform 10 Insight Assessments at a 1,200 unit apartment complex in New York City. The multi-building complex is operated by one of New York City's largest privately-owned Commercial Real Estate Companies that has over 300 commercial real estate facilities across the U.S.
Legend's SmartGATE Insights and Power Impact Report are valuable tools that demonstrate the financial impact the power grid has on buildings and how SmartGATE solutions can solve these issues, improving buildings' financial performance and environmental footprint. This allows building owners to make more decisions faster than ever before based on the realtime data for each property.
"Our customer believes that evolving its electrification and decarbonization strategy requires understanding and managing the risk being delivered into the buildings from the grid," said Michael Cioce, Vice President of Sales and Marketing for Legend Power Systems." The valuable information gleened from Insights engagements will serve as a blueprint for the other 300 or so buildings in their real estate portfolio."
About SmartGATE™
SmartGATE™ is an industry-leading, turnkey solution which identifies and fixes underperformance and waste in the electrical system of a commercial building. These performance issues often impact key areas of commercial real estate metrics including occupant safety and satisfaction as well as financial performance. This waste can also lead to higher operating costs, lower net operating income and other potential financial risks to the building owner, including adverse tenant experiences.
About Legend Power® Systems Inc.
Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment.
For further information, please contact:
Steve Vanry, CFO
+ 1 604 671 9522
svanry@legendpower.com
Sean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.com
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 to 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.
SOURCE: Legend Power Systems Inc.
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