(TheNewswire)
Vancouver, Canada / TheNewswire / January 19, 2018 - Legend Power Systems Inc. (TSXV:
LPS), a global leader in voltage reduction and optimization technology, today announced the signing of its first distribution
partner in New York City. ES Partners has signed on to promote and sell Legend’s proprietary Harmonizer voltage management
technology.
“Building a network of knowledgeable, influential, and well-connected distribution partners is a key
ingredient to Legend’s future success,” stated Randy Buchamer, President and CEO of Legend Power. “We are excited to have ES
Partners as our first distributor in the United States. Our ground-breaking technology is proven in Canada with over 200 systems
installed and saving people money on power. By working with ES Partners to offer our solution to their client base and beyond, we
can help significantly more buildings counteract the negative and damaging effects of overvoltage. Efforts are already underway to
provide Mr. Costello and his team the support they need to quickly ramp-up on our solution.”
“Overvoltage is a common and costly problem in New York City,” stated Bill Costello, Founder and CEO of ES Partners.
“After being introduced to Legend and learning how effective their solution was for this unaddressed problem, we knew there was a
significant market opportunity here. We’ve seen Legend’s Harmonizer in action installed locally in New York and we’re confident we
can help more building owners and operators benefit from this proven technology.”
ES Partners was established in 2006 to provide energy concierge services to clients in commercial and residential
real estate, education, healthcare, publishing, and technology industries. As the energy marketplace increased in complexity, ES
Partners assumed a leadership position offering both education and guidance to assist their clients make fiscally responsible and
environmentally smart energy decisions. Their service offering spans a variety of disciplines including energy procurement, energy
portfolio management, asset monetization, tenant energy programs, and technology offerings to improve sustainability and reduce
greenhouse gas emissions.
Legend Power continues to pursue an aggressive growth strategy in the Northeastern United States. The Company plans
to sign additional partners to build a comprehensive distribution network in addition to securing new customer accounts through
direct sales.
About Legend Power Systems Inc.
Legend Power Systems Inc. (www.legendpower.com) is changing the way
buildings around the world use power. The company’s patented and proprietary technology reduces overvoltage, a natural condition
present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the
negative impact a building has on the environment. Legend’s utility-proven Harmonizer improves the power efficiency of an entire
building to reduce total energy consumption and power costs, while maximizing equipment life. The solution 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. In 2015 Legend was recognized as the top
performing cleantech company on the TSX Venture Exchange.
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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