VANCOUVER, BC--(Marketwired - October 13, 2016) - Legend Power Systems Inc. (TSX VENTURE: LPS) today announced that it has received a purchase order from a U.S.-based Fortune 500 company to supply a Harmonizer energy saving unit for one of its New York City buildings.
"The North Eastern and Mid-Atlantic territories of the United States are the most important geographic sales regions for success in our growth strategy," said Randy Buchamer, President and CEO of Legend Power. "With its high concentration of buildings, a progressive real estate community, and abundant incentives for energy efficiency measures, New York City represents the single largest market opportunity in this region. With an estimated market size of $2.3B, we have made New York City our number one priority in the U.S."
Legend has laid the groundwork for future sales success in New York City by establishing strong relationships with key recommenders (including the dominant utility, Con Edison Power) and one of the largest electrical contractors in the U.S. Both recommenders were instrumental in our first purchase order that we are announcing today.
Legend intends to utilize this sales strategy in other major eastern U.S. metropolitan centres where building owners suffer from high electrical costs but incentives are high enough for them to implement efficiency projects.
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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