VANCOUVER, BC--(Marketwired - November 15, 2016) - Legend Power Systems Inc. ("Legend") (TSX VENTURE: LPS) and channel reseller Ampere Limited ("Ampere") today announced that a North American, diversified, Real Estate Investment Trust ("REIT") has agreed to purchase a Harmonizer energy saving device. This sale not only represents an opportunity for Legend to demonstrate the effectiveness of its technology for a customer controlling hundreds of potential locations but will be the first LEED certified project equipped with a Harmonizer.
Installation of Legend's Harmonizer is anticipated to provide compelling financial savings and yield valuable LEED points which are the basis for determining a building's certification level. Advanced certification in LEED buildings is valuable to landlords as it typically translates to significantly higher rents, sales prices and occupancy rates.
In North America there are 45,000 LEED certified buildings. LEED certification provides independent, third-party verification that a building, home or community was designed or retrofitted using strategies aimed at achieving high performance in key areas of human and environmental health such as energy savings.
The selection of Legend's technology for a high efficiency, LEED certified building is further proof of the attractiveness of Legend's technology and its strong energy savings potential.
Diversified REIT's frequently manage a mix of income producing property types, including; office, retail, residential and industrial buildings. Legend has already established a track record of success in the market verticals represented by the holdings of a diversified REIT, the buildings within which are typically strong candidates for Legend's Conservation Voltage Reduction ("CVR") technology.
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.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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