Legend Power Secures SmartGATE Order from Global Technology Company to Address Equipment Faults and Operational Downtime
The purchase extends SmartGATE's industrial applications, but additional installations remain conditional on successful performance.
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Rhea-AI Summary
Legend Power Systems (LPSIF) secured a SmartGATE system purchase from a global industrial technology company serving the mining industry.
The customer purchased the power-management system to address voltage fluctuations contributing to equipment faults and unplanned downtime at one facility. The order extends SmartGATE's commercial applications into another industrial environment. Legend Power said successful performance could create opportunities for installations across the customer's facilities and those operated by its customers. No further purchases have been committed.
Positive
- Minor pointSmartGATE purchase by a global industrial technology company extends Legend Power's industrial applications.
- Minor point. Forward-looking: it has not happened yet and may not happen.Additional installations could follow successful performance at the customer's facilities and those of its customers, Legend Power said.
Negative
- Minor pointNo further purchases committed beyond the initial SmartGATE system purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SmartGATE purchase intended to support mission-critical equipment serving the global mining industry, expanding Legend's Active Power Management applications into industrial markets.
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2026) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, announced today that a global industrial technology company serving the mining industry has purchased a SmartGATE™ Active Power Management system to address voltage fluctuations contributing to equipment faults and operational downtime at one of its facilities.
The customer operates sophisticated, highly automated equipment supporting advanced technology applications used throughout the global mining industry. Voltage fluctuations affecting its operations were creating equipment faults and unplanned downtime, prompting the decision to deploy SmartGATE to improve the consistency and quality of the electrical power supplied to its equipment.
SmartGATE actively regulates incoming electrical power to a defined voltage setpoint, addressing voltage deviations that can disrupt equipment operation and place additional stress on electrical systems. The system is designed to improve electrical operating conditions, with the potential to reduce power-related disruptions, maintenance requirements and premature equipment deterioration.
"This is exactly the type of problem SmartGATE was built to solve," said Michael Cioce, Vice President of Sales and Marketing at Legend Power Systems. "When voltage fluctuations start causing equipment faults and shutting down operations, the cost goes well beyond electricity. You're dealing with lost productivity, maintenance expenses and unnecessary stress on expensive equipment. This customer recognized the problem and made the decision to address it at the source."
The purchase extends Legend Power's commercial applications into another sophisticated industrial environment, where consistent electrical performance is essential to operational reliability.
The initial installation also provides an opportunity to demonstrate the broader economic benefits of Active Power Management, including energy efficiency, lower repair and maintenance costs and improved equipment longevity. Successful performance could create opportunities for additional SmartGATE installations across the customer's own facilities, as well as at facilities operated by its customers, although no further purchases have been committed at this time.
About Legend Power Systems Inc.
Legend Power Systems Inc. (https://legendpower.com/) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
For further information, please contact:
Jonathan Lansky, Director
+1 416 417 7664
lansky.j@icloud.com
Sean Peasgood, Investor Relations
+1 647 503 1054
sean@sophiccapital.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) 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.sedarplus.ca. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321909
FAQ
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What SmartGATE order did Legend Power Systems secure?
Legend Power Systems secured a SmartGATE Active Power Management system purchase from a global industrial technology company serving the mining industry. The purchase addresses voltage fluctuations contributing to equipment faults and unplanned downtime at one facility.
Does Legend Power's SmartGATE order include additional installation commitments?
No further purchases have been committed. Legend Power said successful performance could create opportunities for additional installations across the customer's facilities and facilities operated by its customers.