Legend Power Systems' Voltage Adherence Risk Measurement Leads to Accelerated Purchase Order
Rhea-AI Summary
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.
Positive
- Rapid customer acquisition: First order within 3 weeks of service launch
- Strong validation of product effectiveness with 715/730 hours of identified issues
- Potential for expanded business with additional schools in the district
- Creating new revenue opportunities from existing customers through retroactive report additions
Negative
- Single customer case study may not represent typical sales cycle length
- Success currently to education sector, showing narrow market penetration
News Market Reaction 1 Alert
On the day this news was published, LPSIF gained 0.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2025) - Legend Power® Systems (TSXV: LPS), a global leader in commercial electrical system solutions, announces that its new Voltage Adherence Risk measurement service released on March 6 has won its first customer purchase order within three weeks of receiving the analysis.
A North American school district recently engaged with Legend Power Systems after experiencing premature equipment failures and seeking confirmation of suspected power quality issues. Recalling Legend Power's solution from a prior industry conference, the school reached out via the Company's website to explore solutions. Legend's SmartGATE Insights Power Impact Report revealed significant power quality issues, where the one school was exposed to 715 hours of moderate to severe risk for the 730 hour month. The data-driven insights allowed the school to quickly quantify the impact of poor power quality on its operations, leading to a nearly immediate contract execution to mitigate the identified risks and improve system reliability. In addition they have expressed interest in reviewing more schools in the school district.
"This case demonstrates the urgency with which organizations act when they have clear, quantifiable data showing the risks posed by voltage fluctuations," said Mike Cioce, Vice President of Sales and Marketing for Legend Power Systems. "While we don't expect every future engagement to progress this quickly, it highlights how crucial visibility into power quality issues and related building problems is to proactive building management."
The SmartGATE Insights Power Impact Report, featuring the Voltage Adherence Risk metric, provides commercial building owners and operators with the tools needed to understand and address the hidden risks associated with power quality. By tracking the hours per month a building experiences suboptimal voltage conditions, the report enables customers to make informed decisions about energy management and system resilience.
As detailed in Legend Power's March 6, 2025, press release, the Voltage Adherence Risk measurement was developed to quantify the previously unmeasurable challenge of "dirty power." This latest customer success story underscores the impact of the new metric and its role in accelerating decision-making for organizations facing power quality challenges.
Additionally, Legend Power is retroactively adding this report to previous Power Impact Assessment reports and reviewing the new metric with previous Power Impact Assessment Service customers in an effort to assist them seeing the power related risk more clearly.
The SmartGATE Insights Power Impact Report is available as part of Legend Power's SmartGATE Insights Power Impact Assessment.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements regarding potential future deployments and anticipated outcomes. These statements are based on current expectations and involve risks and uncertainties, including but not limited to the successful implementation of solutions and external market conditions. Actual results may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements.
About SmartGATE
SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions.
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 the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245204
FAQ
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