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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. The Company's principal business activities are the assembly, marketing and sale of a patented device, the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. The Company operates through two segments: Legend Power Systems Canada and Legend Power Systems Corp. - United States. It markets two complementary offerings: SmartGATE Insights Service and SmartGATE Platform. Its SmartGATE Insights Service measures the high impact attributes of electricity and then applies an array of industry-standard calculations to determine what effects the attributes are having on a building. Its SmartGATE Platform uses patented technology to correct the power issues uncovered by SmartGATE Insights. Its SmartGATE product is deployed in commercial real estate verticals such as multi-family residential, hospitality, big box retail and commercial office.


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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