Legend Power Systems Inc. reports developments tied to its commercial electrical system solutions and intelligent energy management platform. The company’s SmartGATE active power management system and SmartGATE Insights Power Impact Assessment are used for commercial buildings, where they address power quality, energy consumption, equipment life and power costs.
Recurring updates include quarterly and fiscal financial results, SmartGATE installations and commissioning activity, sales-channel partnerships, participation in building-technology evaluation programs, equity incentive grants and executive or corporate-secretary appointments.
Legend Power Systems announced 5 new orders for its SmartGATE Platform through a partnership with Haven Consultants International. This order follows Haven's prior engagement of 29 SmartGATE Insights studies, indicating a strong conversion to full platform sales. The SmartGATE Platform enhances building resiliency and is designed to reduce energy costs, providing a significant advantage in operational efficiency. Management expressed optimism regarding the growth of sales pipelines and partner engagement in generating Power Impact Reports.
Legend Power Systems (TSX-V:LPS)(OTCQB:LPSIF) has been recognized as a leading provider of Active Power Management Systems in a study by Emergent Urban Concepts and Integral Energy. The whitepaper emphasizes the importance of APM in reducing emissions and optimizing energy efficiency for commercial buildings. The company also announced that its common shares are now eligible for electronic clearing through the Depository Trust Company, enhancing liquidity and trading efficiency in the U.S.
Legend Power Systems (TSXV:LPS)(OTCQB:LPSIF) has entered into a significant agreement with a National ESCO to evaluate 10 City of Boston buildings, part of a multi-million-dollar, 10-year Energy Performance Contracting initiative. Utilizing SmartGATE Insights, the assessment aims to identify energy waste and improve system longevity. This partnership is expected to enhance operational efficiency and could lead to expanded opportunities within the ESCO market, valued at $15 billion annually. Mark Schneider has also been promoted to Strategic Accounts Director, further strengthening the company's position.