VANCOUVER, BC--(Marketwired - August 16, 2016) - Legend Power Systems Inc. ("Legend") (
The Hampton Sydney is expected to reduce electrical costs by up to 4% with Legend's proven Conservation Voltage Reduction technology.
"With Legend's Harmonizer having proven its energy saving capabilities at D.P. Murphy's Holiday Inn Express in Charlottetown, PEI our customer was keen to deploy this innovative technology at additional sites within its award winning portfolio of properties in the Maritimes. We are excited to now be working with them not only on existing properties, but as part of the planning and design process in their future properties," said Michael Parry, founder of Haven.
There are 61,571 hospitality industry properties in the United States and Canada with combined annual revenue of approximately $190 billion. The hospitality industry represents one of twelve major market-verticals in which Legend has established a track record of success.
Legend is working closely with Haven, to develop a strong market-specific adoption of the Harmonizer within individual verticals. Legend and Haven intend to actively pursue other accounts in the hospitality 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.
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.
Contact Information:
For further information, please contact:
Randy Buchamer
CEO and President
+ 1 778 945 1501
rbuchamer@legendpower.com
Steve Vanry
CFO
+ 1 604 671 9522
svanry@legendpower.com