Business
LEGEND POWER GRANTS INCENTIVE STOCK OPTIONS
Feb. 11, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"\n\n\n\n Feb. 11, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES/\n\n\nBURNABY, BC, Feb. 11 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS)\n ("Legend Power") announces that it has granted incentive stock options\n (the "Stock Options") to certain directors, officers and employees of\n the Company to purchase up to 2,200,000 common shares in the capital of\n Legend Power pursuant to Legend Power's stock option plan (the "Plan").\n The Stock Options are subject to certain vesting provisions and, in\n particular, 1,000,000 Stock Options vest in a year's time and 1,200,000\n Stock Options vest over a three-year period commencing the first\n anniversary. Subject to the vesting provisions and the terms of the\n Plan, the Stock Options are exercisable on or before February 10, 2014\n at an exercise price of $0.21 per share.\n\n\nAbout Legend Power Systems Inc.\n\n\nLegend Power Systems Inc. is a leading electrical energy conservation\n company that manufactures and markets a patented device to help\n commercial and industrial customers achieve significant energy savings\n through voltage optimization. Legend Power's Electrical Harmonizer-AVR\n eliminates inefficiencies by delivering the optimal level of voltage a\n user needs. Most customers receive higher voltage levels than required\n at certain points of the grid from electrical utilities delivering\n higher leve...