VANCOUVER, BC--(Marketwired - October 05, 2016) - Legend Power Systems Inc. ("Legend") (TSX VENTURE: LPS) and Appleby College today announced that Appleby College of Oakville, Ontario, a private school offering curriculums for grade 7 to 12 students, is the 16th school to purchase and deploy Legend's Harmonizer energy saving device.
Subsequent to installation, a short-term measurement and verification procedure indicates that the investment by Appleby College will reduce its electricity costs by 3.8% and provide a 29% internal rate of return. At this level of conservation, the school would annually reduce its consumption of electrical energy by over 49,000 kilowatt hours and eliminate 9 metric tons of greenhouse gas emissions.
"One of Appleby College's core attributes and a fundamental curriculum principle is being globally responsible. We strive to create valuable opportunities for serving people and the planet and hope to inspire a lifelong commitment to civic responsibility, global understanding and environmental stewardship. Thus, the opportunity to deploy Legend's technology and be leaders by reducing our school's 'environmental footprint' was a perfect fit with our values."
"The Harmonizer is a proven energy saving device that is easy to implement and, by virtue of its strong return on investment, allows our school to put funds back into educating students," said Rob Pyke, Executive Director - Facilities Operations.
There are 141,000 primary and secondary schools in the United States and Canada with a combined annual energy budget of approximately $8.5 billion. Primary and secondary schools represent one of thirteen major market-verticals in which Legend has established a track record of success.
Legend works closely with industry leaders like Appleby College, to develop a strong market-specific adoption of the Harmonizer within individual verticals. Legend is actively pursuing other accounts in this market-vertical.
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.
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