LEGEND POWER SYS INC - LPSIF STOCK NEWS

Legend Power Systems announced the successful installation of its first next-gen SmartGATE Platform, exceeding initial savings projections. Despite previous supply chain delays, the company is set to ship 20 units by the end of March 2022. The installed system is being monitored in real-time, showcasing the platform's advanced capabilities. Management is optimistic about future orders based on positive customer feedback and industry interest, while actively addressing component procurement challenges impacting earlier shipments.

Legend Power Systems Inc. (OTCQB:LPSIF) announces the appointment of Paul Moffat as Chief Operating Officer, effective February 14, 2022. Moffat brings over 20 years of experience in various industries including manufacturing and telecommunications, having held senior roles at Cadex Electronics and Blackberry. CEO Randy Buchamer expressed confidence in Moffat's ability to drive business profitability and growth. Legend Power specializes in intelligent energy management systems that enhance building energy efficiency and support corporate sustainability.

Legend Power Systems has announced the appointment of Florence Tan as the new Chief Financial Officer and Corporate Secretary effective January 11, 2022. Tan brings over 15 years of experience in accounting and financial management. The company expresses gratitude to departing CFO, Steve Vanry, acknowledging his six years of service. In connection with her appointment, Tan was granted 50,000 stock options at $0.30 per share, vesting over five years. This leadership change is expected to support Legend Power’s growth during an anticipated significant growth period.

Legend Power Systems (TSXV:LPS)(OTCQB:LPSIF) reported its fiscal 2021 financial results highlighting Q4 revenue of $193K, a decline from $347K in Q4 2020. The company's net loss for Q4 was $1.03M versus $769K in the previous year. Despite challenges, annual revenue increased 34% to $2.71M from $2.03M in 2020. The backlog of orders increased, but supply chain issues led to revenue delays. Adjusted EBITDA loss worsened to $1.02M in Q4. Management remains optimistic about future growth driven by new sales opportunities and government approvals.

Legend Power Systems Inc. (TSX.V:LPS)(OTCQB:LPSIF) has announced the release of its fiscal 2021 financial results on December 22, 2021, following the end of the fiscal year on September 30, 2021. The Company will host a conference call on the same day at 11:00 AM ET to discuss these financial results and provide a business update. Key executives including Randy Buchamer, President & CEO, and Steve Vanry, CFO, will lead the call. Investors can access the call via a toll-free number or online listening.

Legend Power Systems (OTCQB:LPSIF) recently announced a corporate update following their participation in the National ESCO Conference. The company has initiated the first installations of their Gen3 SmartGATE platform, which aims to address power quality issues in commercial buildings. With $10 million in working capital, supply chain challenges show signs of improvement. Positive feedback from potential partners emerged after 41 meetings at the conference, with follow-ups ongoing. Legend Power targets a $50 billion addressable market in North America and anticipates significant growth driven by energy efficiency needs.

Vancouver, BC – Legend Power Systems (TSXV:LPS)(OTCQB:LPSIF) announced the hiring of three experienced channel sales executives and its platinum sponsorship of the North American Energy Service Company conference. The company engages with seven ESCOs to promote its SmartGate technology, which aids in carbon reduction and optimizing building operations. The new hires, with 50 years of combined experience, aim to expand Legend's market reach. The conference, running November 9-12, 2021, in Austin, Texas, focuses on energy infrastructure improvements.

Legend Power Systems (TSXV:LPS)(OTCQB:LPSIF) reported its Q3 2021 financial results for the period ended June 30, 2021. Key highlights include:

• Sales bookings surged to $896,000 from nil in Q3 2020.
• Revenue rose to $1.27 million compared to $1.5k in Q3 2020.
• Gross profit jumped to $345k versus $1.5k in Q3 2020.
• Net loss decreased to $947k from $1.02 million.
• Cash reserves stood at $10.38 million

The company added five new channel partners and secured its largest sales booking to date.

Legend Power Systems (TSXV:LPS)(OTCQB:LPSIF) will announce its Q3 2021 financial results on August 26, 2021. The report will cover the nine-month period ending June 30, 2021. A conference call led by President Randy Buchamer and CFO Steve Vanry is scheduled for the same day at 5:00 PM ET, where the management will provide a business update and discuss financial outcomes. Investors can join the call via toll-free North American or international dial-in numbers or listen online.