Second Boston Customer Initiates SmartGATE™ Deployment
VANCOUVER, British Columbia, July 30, 2020 (GLOBE NEWSWIRE) — Legend Power® Systems (TSX-V: LPS), today announced that a second Boston commercial property owner has taken the initial step to deploy Legend’s SmartGATE™ solution. The client, a leading international financial services and insurance firm, will utilize the data analysis and executive decision-making tool, SmartGATE Insights™, in 4 of its buildings. Insights’ real-time data will drive informed business decisions to increase revenue, reduce costs, enhance tenant experiences, and increase net asset value.
“The SmartGATE solution optimizes energy efficiency and reduces greenhouse gases and significantly mitigates the detrimental effects of poor electrical power quality to critical systems, resulting in optimal business results,” said Legend VP Engineering, Mark Petersen. “Executives need accurate and timely information to make important business decisions and SmartGATE provides that information and the appropriate solutions to improve their businesses. Legend continues to evolve our platform from being solely an energy savings offering, to being a critical power analytics and solutions provider.”SmartGATE™ Platform – Real-time Insights to Enhance Building Operations and Reduce CostThe first step in implementing the SmartGATE™ platform across a portfolio of buildings is SmartGATE Insights™, which provides the real-time data and diagnostic information to assist senior leadership in determining portfolio inefficiencies. SmartGATE Insights™ captures thousands of electricity data points which impact efficiency, reliability and life expectancy of systems. Legend then distills the data into intuitive business impacts in its user-friendly Power Impact Report. While based on detailed data and industry-standard power quality measurements, the report also highlights business metrics so key decision-makers can understand the value in correcting these issues to maximize business performance and asset value.From the initial deployment of SmartGATE Insights™ through to full deployment of the SmartGATE platform, building owners are continuously supplied with data and analysis that can drive solutions that enhance tenant experience and safety, increase revenue, reduce costs, and increase net asset value.About Legend Power® Systems Inc.
Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend’s proven solutions support proactive executive decision-making in a complex and volatile business and energy environment.For further information, please contact:Steve Vanry, CFO
+ 1 604 671 9522
email@example.comSean Peasgood, Investor Relations
+ 1 647 503 1054
firstname.lastname@example.orgNeither 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
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