Legend Power Systems Announces $1.3 Million in Orders for 12 SmartGATE Systems as Enhanced Customer Value Strategy Gains Traction
Rhea-AI Summary
Legend Power Systems (OTCQB:LPSIF) reported new orders for 12 SmartGATE systems in the quarter, with an estimated CAD $1.3 million in aggregate contract value and about 45% gross margin.
Orders span government expansion, reseller channels, and existing customer projects, supported by the new Capital Infrastructure Risk Assessment (CIRA) framework.
Positive
- CAD $1.3 million in new SmartGATE orders this quarter
- Approximately 45% gross margin on signed SmartGATE contracts
- Orders from government, reseller, and existing customer expansion channels
- Internal sample analysis showed 8–12% lower operating cash requirements post‑SmartGATE (preliminary)
Negative
- Observed 8–12% cash requirement reductions based on limited deployments; results may vary materially
News Market Reaction – LPSIF
In the May 21 session, LPSIF gained 28.78%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, today announced multiple orders representing 12 SmartGATE™ systems during the quarter. The orders follow implementation of the Company's enhanced three-pronged strategy intended to address customer evaluation of the broader financial impact of power conditions on commercial buildings.
The orders announced include opportunities across multiple sales channels, including government expansion opportunities, reseller-driven sales channels, and existing customer expansion projects.
One of the existing customer expansion opportunities had previously been paused and was subsequently reactivated following customer review of the Company's Capital Infrastructure Risk Assessment ("CIRA") framework and additional operating analysis prepared by the Company.
The orders represent approximately CAD
"We recognized that the market needed a clearer way to quantify the broader financial impact of operating voltage conditions beyond energy savings alone," said Mike Cioce, Vice President of Sales and Marketing for Legend Power Systems. "We believe the progress we have made refining our value proposition, incorporating third-party infrastructure data, and analyzing real-world SmartGATE operating results is helping customers better evaluate the relationship between operating conditions, infrastructure risk, and long-term building performance."
Over the past several quarters, the Company identified that while prospective customers generally accepted that poor power quality negatively impacts building performance, many struggled to quantify the broader financial implications beyond traditional energy savings metrics alone.
In response, Legend Power implemented a focused strategy intended to more clearly quantify and communicate SmartGATE's broader operational and financial value proposition through:
- Refinement of the Company's technical and financial positioning;
- Expanded use of third-party operating and actuarial data; and
- Detailed financial analysis of existing SmartGATE deployments.
As part of this effort, the Company refined its technical framework to focus more specifically on the relationship between actual building operating voltage and equipment design voltage, or nameplate rating. Management notes that many commercial buildings routinely operate approximately 25 to 40 volts above equipment nameplate voltage levels despite remaining within utility-permitted operating ranges.
The Company's technical framework focuses on the relationship between operating voltage conditions and equipment design voltage levels, which the Company believes may influence operating temperatures within certain building systems including HVAC equipment, motors, drives, elevators, lighting systems, and automation infrastructure. Management further notes that elevated operating temperatures are broadly associated with accelerated material degradation and reduced equipment life expectancy under widely recognized engineering principles, including Arrhenius-based thermal aging models commonly referenced throughout electrical and materials engineering disciplines. Under these principles, relatively small increases in operating temperature can materially reduce expected material life.
The Company's analysis is intended to evaluate whether prolonged operation outside equipment design voltage ranges may contribute to increased repair activity, premature equipment replacement, higher operating costs, and greater unbudgeted capital expenditure requirements for building owners and operators. Management notes that when these broader infrastructure and operational impacts are evaluated alongside SmartGATE energy savings, the Company believes the broader operational and infrastructure impacts can be evaluated alongside SmartGATE energy savings as part of customer financial analysis.
To further support this framework, the Company expanded its use of third-party operational, maintenance, repair, and actuarial datasets from building service and infrastructure partners. Management believes these additional data sources improve the Company's ability to quantify and communicate capital infrastructure risk associated with prolonged operation outside optimal equipment voltage conditions.
In parallel, the Company conducted additional internal analysis of operating and financial data from a limited sample of mature SmartGATE deployments representing multiple years of operating history. Based on this preliminary analysis, the Company observed reductions in operating cash requirements ranging from approximately
The orders announced today were supported by customer evaluation processes that included review of the Company's expanded analytical framework, third-party operating data, and operating results from selected SmartGATE deployments.
To further support customer engagement efforts, the Company also developed its Capital Infrastructure Risk Assessment ("CIRA") platform and associated analytical tools. CIRA is designed to evaluate real-world operating environments on a system-by-system basis and provide customers with greater visibility into potential operating volatility, maintenance exposure, and long-term capital infrastructure risk and is available in the solutions navigation on www.legendpower.com.
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.
About SmartGATE
SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions. The SmartGATE active energy management system installs after the meter in line with your switchgear. Using our patented technology, we extract a percentage of the load, convert and analyze it, rebuild the waveform, and then inject it back into your system. This provides full voltage regulation (+/-
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 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.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.
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