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Legend Power Systems Inc V.LPS

Alternate Symbol(s):  LPSIF

Technology Scientific & Technical Instruments
Legend Power Systems Inc. is a Canada-based company, which provides an intelligent energy management platform that analyzes and improves building energy challenges, impacting asset management and corporate performance. The Company's segments include Legend Power Systems Canada and Legend Power Systems Corp. - U.S. The Company markets a patented device (the SmartGATE) which is an active power management system which corrects incoming electricity power quality in real time on a cycle-by-cycle basis. SmartGATE's modular and extensible design, particularly its software-driven controller, and multiple component topology, enables it to address power quality issues. It also markets a power quality monitoring device called SmartGATE Insights, which is used to measure power quality conditions. These patented technology platforms are used in the SmartGATE Insights Power Impact Assessment Service, which assesses incoming power issues and translates this data into business impact.


TSXV:LPS - Post by User

Legend Power Systems Inc
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Post by Betteryear2on Apr 04, 2024 7:32am
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Post# 35969760

Legend Power Systems Reports Record Purchase Orders

Legend Power Systems Reports Record Purchase OrdersVancouver, British Columbia--(Newsfile Corp. - April 4, 2024) - Legend Power® Systems (TSXV: LPS), a global leader in commercial electrical system solutions, reports record bookings for the second quarter of fiscal 2024. With north of $2.5 million in signed purchase orders with deposits for the quarter, this represents the largest bookings quarter ever for the Company. Additionally, this total includes the largest single purchase of SmartGATEs in the Company's history. With multi-system orders for two returning commercial real estate companies totalling nearly $2 million as well as a multi-system order for a new US based ESCO. Legend Power is delivering on expected pipeline conversions. These sales result in initial payment terms that are greater than the expected 25% of bookings due to a "system only" sale, which requires a 50% payment upon ordering.

Legend Power Systems Reports Record Purchase Orders Received of Over $2.5 Million (newsfilecorp.com)
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