Legend Power Systems Receives Follow-On Order for Four SmartGATE Systems
MWN-AI** Summary
Legend Power® Systems (TSXV: LPS), a leader in commercial electrical system solutions, has announced a follow-on order for four additional SmartGATE systems from an established client, enhancing its total sold units to over 70 since launch. This decision reflects the client's positive experience with previous installations, where SmartGATE demonstrated substantial improvements in electrical stability and operational efficiency. The new systems will be integrated into additional buildings within the client’s existing portfolio, reinforcing the effectiveness of Legend's “land-and-expand” strategy.
Mike Cioce, the company's VP of Sales and Marketing, highlighted that initial pilot projects often lead to larger orders as clients recognize the operational and financial benefits of the systems. Customers are now opting for "customer-installed deals," allowing them to utilize their in-house teams and preferred contractors for installation. This approach not only improves gross margins and cash collection but also accelerates the deployment timeline.
SmartGATE technology addresses variations in incoming utility power by ensuring voltage regulation, which enhances system reliability and longevity across critical building systems such as HVAC, elevators, and lighting. Notably, one client reported a significant decrease in elevator entrapments post-commissioning of the SmartGATE system, illustrating its positive impact on facility management.
Repeat orders from satisfied customers comprise an increasingly larger portion of Legend Power's sales, as the company expands its footprint through word-of-mouth referrals and demonstrated success. This recent order underlines Legend Power's momentum in multi-building and multi-phase deployments, aligning with its commitment to sustainability and energy efficiency in commercial operations. As the energy landscape continues to evolve, the company remains poised to capitalize on this growing demand by enhancing its intelligent energy management solutions.
MWN-AI** Analysis
Legend Power Systems (TSXV: LPS) has made significant strides in the commercial electrical sector, recently securing a follow-on order for four additional SmartGATE systems, which brings total sales of their Gen3 units to over 70. As a financial analyst, it’s crucial to evaluate how this growth aligns with industry trends and what it means for potential investors.
The company's recent order indicates a successful "land-and-expand" strategy, wherein initial deployments lead to larger orders driven by customer satisfaction and proven performance improvements. Notably, installations are now being handled by the customer's internal team, which not only strengthens relationships but also enhances Legend Power's gross margins through reduced installation costs. This trend might position Legend Power as a more profitable enterprise with improved cash flow.
Furthermore, the SmartGATE system's ability to stabilize and optimize electrical performance is increasingly appealing amidst rising energy costs and sustainability concerns. As clients report diminished operational disruptions—evidenced by a reduction in elevator entrapments—it is likely that word-of-mouth referrals will continue to drive sales. This growing recognition within the real estate sector positions Legend Power favorably against competitors.
Looking forward, the company’s emphasis on repeat orders and customer referrals suggests a sustainable growth trajectory. Investors should consider that as corporate sustainability becomes a higher priority, the demand for energy-efficient solutions like SmartGATE will likely increase.
In light of these developments, potential investors in Legend Power Systems should monitor upcoming deployments closely. Positive performance metrics may catalyze further orders and enhance stock value, making LPS a compelling addition to a diversified investment portfolio focused on green technologies and energy management solutions. However, it's essential to remain vigilant about market dynamics that may impact investor sentiment, such as economic downturns or regulatory changes within the energy sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Surpasses Milestone of 70 Gen3 SmartGATE Units Sold
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Legend Power® Systems (TSXV: LPS), a global leader in commercial electrical system solutions, announces a follow-on order for four additional SmartGATE systems from a long-standing customer. These units will be deployed across new buildings within the customer's existing real estate portfolio.
This latest order increases the total number of SmartGATE Gen 3 systems sold to over 70 units since launch. The decision to expand comes after performance data from previously installed systems indicated operational and financial improvements in electrical stability, system reliability, and building operations.
The customer has opted to manage installation using its internal team and preferred contractors. This "customer installed deal" structure contributes to improved gross margins, higher upfront deposit terms, and faster cash collection, consistent with Legend Power's evolving model for customer-directed deployment.
"This order reflects the continued execution of our land-and-expand strategy," said Mike Cioce, Vice President of Sales and Marketing at Legend Power Systems. "Customers begin with a small number of SmartGATE systems, assess performance, and then determine where additional systems can be applied across their portfolios. As customers realize the operation and financial benefits of SmartGATE we are beginning to see order size and velocity increase."
SmartGATE is designed to address deviations in incoming utility power by regulating voltage to match the design specifications of commercial building systems. In prior deployments, this has been shown to reduce operational disruptions, extend equipment life, and stabilize critical systems such as HVAC, elevators, and lighting. One customer, for example, reported a notable decline in elevator entrapments following system commissioning.
Repeat orders continue to represent a growing share of Legend Power's SmartGATE sales. The Company's strategy focuses on initial pilots that can be evaluated by customers before wider rollout decisions are made. We are also seeing word-of-mouth referrals as the industry hears about deployments and the positive results on building operations.
This most recent order aligns with that approach and contributes to Legend's current momentum in multi-building, multi-phase deployments.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements regarding potential future deployments and anticipated outcomes. These statements are based on current expectations and involve risks and uncertainties, including but not limited to the successful implementation of solutions and external market conditions. Actual results may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements.
About SmartGATE
SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions. The SmartGATE active energy management system installs after the meter in line with your switchgear. Using our patented technology, we extract a percentage of the load, convert and analyze it, rebuild the waveform, and then inject it back into your system. This provides full voltage regulation (+/- 8%) to your exact specification, on each phase individually to address the main power attributes that impact system reliability, lifetime, and efficiency. All focused on reducing energy consumption while creating optimal power for optimal performance with a footprint designed for today's buildings.
About Legend Power® Systems Inc.
Legend Power Systems Inc. (https://legendpower.com/) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
For further information, please contact:
Jonathan Lansky, Director
+1 416 417 7664
lansky.j@icloud.com
Sean Peasgood, Investor Relations
+1 647 503 1054
sean@sophiccapital.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254107
FAQ**
How does the expansion of SmartGATE installations across new buildings in the customer's portfolio reflect on Legend Power Systems Inc. LPS:CC's growth strategy and market positioning?
What specific operational and financial improvements have been observed with the deployment of SmartGATE systems that influenced the customer's decision to order more units from Legend Power Systems Inc. LPS:CC?
Considering the positive performance data from previous installations, what are the expected operational disruptions or improvements for Legend Power Systems Inc. LPS:CC's other customers considering similar expansions?
How does the "customer installed deal" structure impact the financial health and cash flow of Legend Power Systems Inc. LPS:CC, and what are the implications for future sales strategies?
**MWN-AI FAQ is based on asking OpenAI questions about Legend Power Sys Inc New (OTC: LPSIF).
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