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Ontario Ministry of Education Includes Harmonizer as an Eligible Component for $1 Billion in Purchase Funding
(via TheNewswire) Vancouver, Canada / TheNewswire / June 15, 201...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Ontario Ministry of Education Includes Harmonizer as an Eligible Component for $1 Billion in Purchase Funding(via TheNewswire)\n \n \nVancouver, Canada / TheNewswire / June 15, 2017 - Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced the Harmonizer was listed as one of a select group of technologies approved by the Ontario Ministry of Education for its additional $1 billion facilities improvement funding. Schoolboards in Ontario can access this fund to purchase Legend's proprietary energy-saving technology outside of their standard operating budget. There are approximately 4,700 kindergarten to grade 12 schools in Ontario that have access to this additional funding.\n\n \n \n\"Budget allocation is a big priority for schools in Ontario and additional funding over and above their normal operating budget represents a great opportunity for more schoolboards to purchase our product,\" commented Erik Wolfe, Director of Sales for Legend Power. \"The Harmonizer reduces greenhouse gas emissions by helping buildings use less power. Using less power means lower power bills and electrical equipment lasts longer. Both offer a long-term financial benefit for schools equipped with Harmonizers. We are aggressively taking action to let schoolboards in Ontario know that our technology qualifies for this additional funding.\"\n\n \n \nThe education market in Ontario has proven to be an early adopter of Legend's technology with schoolboards installing Harmonizer's to reduce electricity costs, maximize the life of electrical equipment, and to reduce the environmental impact of their schools. \n\n \n \nStrict guidelines limit the pool of qualifying products and measures to ensure funding is applied to facilities improvement, repairs, and retrofit upgrades. The $1 billion fund is divided into two segments with $800 million allocated for school condition improvement and $200 million for greenhouse gas reduction. Legend's Harmonizer qualifies in both segments. The technology is listed by name as an eligible component in the $200 million segment guaranteeing the product qualifies for funding.\n\n \n \n\"The fact that a Voltage Harmonizer was approved by the Ministry of Education for funding further validates the effectiveness of our solution and the universal applicability of our tech...