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Legend Power Systems Announces Partnership with Sparta Group and Encompass Power Solutions to Expand Market Reach
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2023) - Legend Power Systems® (TSXV: L...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Legend Power Systems Announces Partnership with Sparta Group and Encompass Power Solutions to Expand Market ReachVancouver, British Columbia--(Newsfile Corp. - May 4, 2023) - Legend Power Systems® (TSXV: LPS) (\"Legend Power\"), a global leader in commercial electrical system solutions, announced today that it has entered into a distribution agreement with Sparta Group's Energy division (TSXV: SAY) (\"Sparta\") and its affiliate Encompass Power Solutions. The agreement is intended to expand Sparta's offering to include Legend Power's SmartGATE Active Power Management Grid Edge Platform (\"SmartGATE™\"); expanding Sparta's industrial presence to include the commercial real estate sector. The combined distribution power creates the opportunity for Legend Power to service hundreds of additional buildings with SmartGATE™, each year, for the foreseeable future.Sparta Group and its affiliate, Encompass Power Solutions, are leading suppliers of electrical power and control solutions to the industrial market. With the addition of the SmartGATE™ to their existing line up, Sparta can now aggressively expand their reach into the commercial real estate sector; a new market for Sparta. The SmartGATE™ will provide Sparta customers with a reliable and cost-effective solution to improve the performance of their building's electrical system while reducing maintenance and repair costs.\"We are excited to partner with Sparta Group to bring the SmartGATE Active Power Management Grid Edge Platform to the commercial real estate market,\" said Mike Cioce, Vice President of Legend Power Systems. \"This partnership will allow us to expand our reach and offer our innovative solution to an even wider audience. Sparta's expertise in the industrial market, combined with our expertise in the commercial real estate market, will enable us to provide a complete solution to building owners and managers.\"The SmartGATE™ is an industry-leading, turnkey solution that identifies and fixes underperformance and waste in the electrical system of a commercial building. By improving the reliability and lifetime of major building systems such as elevators, HVAC, and lighting, the SmartGATE™ can significantly reduce maintenance and repair costs. In addition, the SmartGATE™ can reduce voltage variations caused by the rap...