Leading North American Property Manager Ups Investment in SmartGATE™ Solutions
11 August 2020 - 1:00PM
Legend Power® Systems (TSX-V: LPS) a global leader in commercial
electrical system solutions, today announced that an existing major
Ontario-based multi-family and commercial property customer has
invested in enabling the 14th building of its portfolio with
SmartGATE. The customer owns and manages a $10+ billion portfolio
of North American multi-family properties including 400 buildings
with over 40,000 units.
”We are pleased that SmartGATE is one of the first 'go to'
electrical system improvements this customer makes to newly
acquired portfolio assets,” said Legend CEO, Randy Buchamer.
“Enabling our customers to unlock building data, transform it into
usable, actionable insights and then implement SmartGATE’s
corrective solutions, offers incredibly powerful results.”
SmartGATE is an industry-leading, turnkey solution which
identifies and fixes underperformance and waste in the electrical
system of commercial buildings. These performance issues often
impact key areas of commercial real estate metrics including
occupant safety and satisfaction and financial performance. This
waste can also lead to higher operating costs, lower net operating
income and other potential financial risks to the firm including
damaged tenant experience.
About Legend
Power® Systems Inc.Legend Power®
Systems Inc. (www.legendpower.com) provides an intelligent energy
management platform that analyzes and improves building energy
challenges, significantly impacting asset management and corporate
performance. Legend’s proven solutions support proactive executive
decision-making in a complex and volatile business and energy
environment.
For further information, please contact:
Steve Vanry, CFO+ 1 604 671 9522svanry@legendpower.com
Sean Peasgood, Investor Relations+ 1 647 503
1054sean@sophiccapital.com
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Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this
release.
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