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Legend Power Chosen by City of New York for Installation of SmartGATE Platforms in Demonstration Agreement
VANCOUVER, BC / ACCESSWIRE / April 7, 2021 / Legend Power Systems® (TSXV:LPS)(OTCQB:LPS...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Legend Power Chosen by City of New York for Installation of SmartGATE Platforms in Demonstration AgreementVANCOUVER, BC / ACCESSWIRE / April 7, 2021 / Legend Power Systems® (TSXV:LPS)(OTCQB:LPSIF), a global leader in commercial electrical system solutions, today announced that the City of New York acting through its Department of Citywide Administrative Services (\"DCAS\") has contracted Legend Power Systems to provide a two system, SmartGATE Platform demonstration in one of its schools. The City of New York owns and operates over 4,500 buildings which in addition to schools, includes other agencies such as Police, Fire, Libraries, Offices, and Museums.New York City has set a goal of reducing GHG emissions 80% by 2050. As part of the plan for reaching the City's goals, DCAS has identified the benefits of exploring emerging technologies through the Innovative Demonstrations for Energy Adaptability (\"IDEA\") program, such as Legend's SmartGATE, and has determined that a demonstration project is in the City's best interest. Upon completion of the demonstration and pending validation by a third-party entity, if SmartGATE is deemed a success, then New York City Departments and Agencies may choose to advance contracts with Legend for SmartGATE solutions.\"New York City represents a significant market for Legend Power and DCAS is responsible for thousands of municipal buildings which we expect will benefit from SmartGATE solutions,\" remarked, Randy Buchamer, President and CEO of Legend Power. \"We have invested significant time and resources in developing this opportunity and anticipate a successful demonstration of SmartGATE's capabilities will be a key driver of growth for years to come.\"DCAS is the department of the government of New York City responsible for providing shared services to support the operations of city government. This includes managing, leasing, and purchasing city real estate property and other city-owned public buildings, as well as handling energy management for city government. The IDEA program is one of the agency's key energy conservation programs. During 2019 DCAS's procurement arm awarded $US 1.7 billion in new contracts.About SmartGATE™SmartGATE™ is an industry-leading, turnkey solution which identifies and fixes underperformance and waste in the electrical system of a commercial build...