Legend Power® Systems Introduces SmartGATE Insights™
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VANCOUVER, British Columbia, Nov. 21, 2019 (GLOBE NEWSWIRE) -- Following its recent announcement of significant enhancements to its SmartGATE™ platform, Legend Power® Systems Inc. (TSX-V: LPS), a global leader in onsite energy management technology, has taken a key next step in finding and minimizing building-specific risk and waste created by the electric grid with the introduction of its SmartGATE Insights™ technology. It is available as a standalone diagnostic tool to prioritize areas of risk and waste across all buildings owned or operated by a customer. SmartGATE Insights is now built-in to new SmartGATE platforms, and, available as a retrofit to a customer’s existing SmartGATE to serve as the verification engine for energy efficiency and effectiveness.
A sophisticated metering and monitoring gateway, the breakthrough system captures in real-time, the major aspects of power quality from each inbound electrical feed. The system’s analytics engine then analyzes them to create a proprietary Power Quality Index™ (PQI) for client buildings. The PQI illustrates the impact of the known causes of equipment malfunctions, failures and inefficiencies. This includes a minute-by-minute capture of the hundreds of data points necessary to visualize major areas of power quality (voltage sags/swells, phase unbalance and over/under voltage).
The reporting shows key metrics in business and technical terms, effectively providing a diagnosis of the electrical “health” and building systems for the entire portfolio. Building owners or managers can see their exposure to avoidable risk and waste in kilowatt hours (kWh), in dollars, uptime and lifetime of key electrical systems, GHG emissions and much more.
“The engineering team have dedicated 10 years to making onsite power management technology a practical, viable solution for commercial-level application,” said Legend Power Systems VP of Engineering, Mark Petersen. “It needed to deliver on power quality, energy efficiency and sustainability while also being compact, effective, reliable and affordable. I’m proud to say that the combination of SmartGATE Insights and SmartGATE checks all those boxes.”
The results from the SmartGATE Insights rollout across a customer’s portfolio of buildings allows Legend to recommend a comprehensive, prioritized risk and waste mitigation plan leveraging the optimal SmartGATE configurations across their buildings. SmartGATE’s combined proprietary intelligence and control technology then manages the ongoing power corrections in real-time, via electronic switching and an extremely efficient auto-transformer.
The PQI is available at a dedicated web portal or via download from the web interface. After full deployment, customers can access single building or “Portfolio” views (for multiple buildings) at a single log-in, and download summaries for the past month or year, or view live (real-time/cumulative).
SmartGATE Insights is available now and as a result of the initial deployment, it has been installed in 30 customer locations.
About Legend Power® Systems Inc.
Legend Power® Systems Inc. (www.legendpower.com) is a global leader in onsite energy management technology. They help buildings to overcome grid volatility challenges common to utilities around the world. Legend’s industry-proven SmartGATE™ enables dynamic power management of an entire building. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend’s unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
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Steve Vanry, CFO+ 1 604 671 firstname.lastname@example.org
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Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.
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