Business
Legend Power Systems U.S. Partners Submit Proposals Requiring 300 SmartGATE Systems
Expansion in Distributors and Sales Builds Upon U.S. Relationships Vancouver, British Columbia...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Legend Power Systems U.S. Partners Submit Proposals Requiring 300 SmartGATE SystemsExpansion in Distributors and Sales Builds Upon U.S. RelationshipsVancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - Legend Power® Systems (TSXV: LPS), a global leader in commercial electrical system solutions, announces that 3 Energy Service Companies (ESCOs) for U.S. Federal facilities have written Legend Power's products and services into 3 major deal proposals. If the proposals are approved, Legend's contribution could represent 300 SmartGATE systems. These proposals build on new milestones in several key areas: Legend recently announced an expanded relationship with the City of New York as part of the City's $4 billion school electrification plan, and earlier this year announced a limited deployment with the USA General Services Administration (GSA) for large scale deployment testing. Furthermore, Legend is pleased to announce the recent sale of a number of systems to direct strategic customers.\"The pipeline and backlog for LPS has never been healthier,\" said Mike Cioce, Vice President of Sales and Marketing for Legend Power Systems. \"ESCOs provide one-stop shopping for U.S. government agencies, vastly simplifying our sales process while reducing our sales cycle and marketing spend. When we look at the GSA program, the progress with DCAS in NYC and the expansion with our ESCO partners, we are well on our way to record bookings.\"The Company has multiple channels right now driving results. The GSA program is only one of 3 paths Legend is active with the U.S. Federal Government; our ESCO partners have significant existing relationships and are writing us into large deals, as well, we are working directly with a large military base for up to 80 systems. This momentum is perfect timing as the Biden administration announced a proposed rule to \"electrify and cut emissions from new or newly renovated federal buildings. Beginning in 2025, these facilities will be required to reduce their on-site emissions associated with the energy consumption of the building by 90% … (by) 2030, the standard will fully decarbonize the on-site emissions in new federal buildings and major renovations,\" according to https://www.energy.gov/articles/biden-harris-administration-announces-steps-electrify-and-cut-emissions-federal-buildings....