Business
Property Management Firm Leverages Legend Power Insights Through Major Energy Services Company as Part of Pre-Purchase Property Assessment
Impact of Grid Power on Financial and Operational Performance of Five New Jersey Buildings t...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Property Management Firm Leverages Legend Power Insights Through Major Energy Services Company as Part of Pre-Purchase Property AssessmentImpact of Grid Power on Financial and Operational Performance of Five New Jersey Buildings to be UncoveredVANCOUVER, BC / ACCESSWIRE / April 29, 2021 / Legend Power Systems® (TSXV:LPS) and (OTCQB:LPSIF), a global leader in commercial electrical system solutions, today announced through a partnership with a major energy services company (\"ESCO\"), it will assess 5 acquisition target properties for a multi-billion-dollar multifamily property owner and operator. The ESCO partner is the Power Solutions / Energy Performance Contracting group of a Fortune 500 facilities operator.This engagement is the first instance of Legend's SmartGATE Insights service being utilized for evaluating properties being considered for investment and opens a completely new multi-vertical opportunity. The Insights service enhances critical building health due diligence by bringing greater visibility to previously unseen risk in buildings targeted for acquisition.\"After investing significant time and resources to demonstrate the value-add of Legend's solutions, we are pleased to announce our second partnership with another major U.S. ESCO,\" said Legend Power CEO Randy Buchamer. \"With SmartGATE Insights' unique ability to assess hundreds of building power characteristics and quickly deliver easy to understand, actionable solutions to customers, it was only a matter of time before ESCOs discovered the value of offering it to their customers. We anticipate establishing more relationships with U.S. ESCOs, which will provide Legend with low cost / high leverage geographic reach and strong presence in key U.S. regions. Legend gets instant access to decades long, trusted relationships in an expanded set of market verticals with little or no marketing, sales or infrastructure costs. I am excited about the opportunity these partnerships can bring which should quickly help us scale the business in existing as well as new regions.\"The ESCO market in the U.S. is a US$10 billion to US$15 billion a year business that bundles energy conservation measures for large public entities such as government organizations and others. SmartGATE is a patented, unique and differentiated offering, which provides our new partner a significan...