(TheNewswire)
Vancouver, Canada / TheNewswire / May 9, 2017 - Legend
Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced that
pursuant to its Stock Option Plan, it has granted incentive stock options to certain employees, directors and officers to purchase
up to an aggregate 2,335,000 common shares in the capital of the Company.
The options are exercisable at a price of $0. 27 per share, and will vest over a
3-year period. The options expire on May 3, 2022.
About Legend Power Systems Inc.
Legend Power Systems Inc. (www.legendpower.com) markets a proprietary
device, the ‘Harmonizer’ that helps individual buildings reduce energy consumption through the utility-proven concept of
Conservation Voltage Reduction, (CVR). Legend provides customers risk free energy savings, improves the value of their physical
assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor
toward utility conservation goals. Legend was recognized as the top performing cleantech company on the TSX Venture Exchange in
2015.
For further information, please contact:
Randy Buchamer, CEO and President
+ 1 778 945 1501
rbuchamer@legendpower.com
Sean Peasgood, Investor Relations
+ 1 416 565 2805
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.
Forward-Looking Statements
This Press Release may contain statements which constitute “forward-looking information”, including statements
regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to
the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management,
are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not
guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business
activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks,
uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the
Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has
attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may
be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements other than as may be required by applicable law.
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