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Legend Power Systems Receives Follow-On Order for Four SmartGATE Systems
Surpasses Milestone of 70 Gen3 SmartGATE Units Sold Vancouver, British Columbia--(Newsfile Corp....
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Legend Power Systems Receives Follow-On Order for Four SmartGATE SystemsSurpasses Milestone of 70 Gen3 SmartGATE Units SoldVancouver, 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 ord...