{"success":true,"data":{"pressRelease":{"id":"41896","rtpr_id":"nNFC9rzXGB","ticker":"LPS","exchange":"","all_tickers":["LPS"],"title":"Legend Power Systems Announces $1.3 Million in Orders for 12 SmartGATE Systems as Enhanced Customer Value Strategy Gains Traction","author":"Newsfile Corp","published_at":"2026-05-21T11:00:13.015Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Legend Power\nSystems Inc. (TSXV: LPS) (OTCQB: LPSIF) (\"Legend Power\" or the \"Company\"), a\nglobal leader in commercial electrical system solutions, today announced\nmultiple orders representing 12 SmartGATE™ systems during the quarter. The\norders follow implementation of the Company's enhanced three-pronged strategy\nintended to address customer evaluation of the broader financial impact of\npower conditions on commercial buildings.\n\nThe orders announced include opportunities across multiple sales channels,\nincluding government expansion opportunities, reseller-driven sales channels,\nand existing customer expansion projects.\n\nOne of the existing customer expansion opportunities had previously been\npaused and was subsequently reactivated following customer review of the\nCompany's Capital Infrastructure Risk Assessment (\"CIRA\") framework and\nadditional operating analysis prepared by the Company.\n\nThe orders represent approximately CAD $1.3 million in aggregate contract\nvalue (with a 45% gross margin) and consist of signed purchase orders and\ncustomer commitments received during the quarter. The orders include a\ncombination of government-related expansion projects, reseller channel sales,\nand existing customer expansion opportunities. Delivery timing is expected to\noccur over the current and upcoming quarters.\n\n\"We recognized that the market needed a clearer way to quantify the broader\nfinancial impact of operating voltage conditions beyond energy savings alone,\"\nsaid Mike Cioce, Vice President of Sales and Marketing for Legend Power\nSystems. \"We believe the progress we have made refining our value proposition,\nincorporating third-party infrastructure data, and analyzing real-world\nSmartGATE operating results is helping customers better evaluate the\nrelationship between operating conditions, infrastructure risk, and long-term\nbuilding performance.\"\n\nOver the past several quarters, the Company identified that while prospective\ncustomers generally accepted that poor power quality negatively impacts\nbuilding performance, many struggled to quantify the broader financial\nimplications beyond traditional energy savings metrics alone.\n\nIn response, Legend Power implemented a focused strategy intended to more\nclearly quantify and communicate SmartGATE's broader operational and financial\nvalue proposition through:\n1. Refinement of the Company's technical and financial positioning;\n2. Expanded use of third-party operating and actuarial data; and\n3. Detailed financial analysis of existing SmartGATE deployments.\nAs part of this effort, the Company refined its technical framework to focus\nmore specifically on the relationship between actual building operating\nvoltage and equipment design voltage, or nameplate rating. Management notes\nthat many commercial buildings routinely operate approximately 25 to 40 volts\nabove equipment nameplate voltage levels despite remaining within\nutility-permitted operating ranges.\n\nThe Company's technical framework focuses on the relationship between\noperating voltage conditions and equipment design voltage levels, which the\nCompany believes may influence operating temperatures within certain building\nsystems including HVAC equipment, motors, drives, elevators, lighting systems,\nand automation infrastructure. Management further notes that elevated\noperating temperatures are broadly associated with accelerated material\ndegradation and reduced equipment life expectancy under widely recognized\nengineering principles, including Arrhenius-based thermal aging models\ncommonly referenced throughout electrical and materials engineering\ndisciplines. Under these principles, relatively small increases in operating\ntemperature can materially reduce expected material life.\n\nThe Company's analysis is intended to evaluate whether prolonged operation\noutside equipment design voltage ranges may contribute to increased repair\nactivity, premature equipment replacement, higher operating costs, and greater\nunbudgeted capital expenditure requirements for building owners and operators.\nManagement notes that when these broader infrastructure and operational\nimpacts are evaluated alongside SmartGATE energy savings, the Company believes\nthe broader operational and infrastructure impacts can be evaluated alongside\nSmartGATE energy savings as part of customer financial analysis.\n\nTo further support this framework, the Company expanded its use of third-party\noperational, maintenance, repair, and actuarial datasets from building service\nand infrastructure partners. Management believes these additional data sources\nimprove the Company's ability to quantify and communicate capital\ninfrastructure risk associated with prolonged operation outside optimal\nequipment voltage conditions.\n\nIn parallel, the Company conducted additional internal analysis of operating\nand financial data from a limited sample of mature SmartGATE deployments\nrepresenting multiple years of operating history. Based on this preliminary\nanalysis, the Company observed reductions in operating cash requirements\nranging from approximately 8% to 12% within the analyzed sample set, alongside\nlower operating cost volatility relative to pre-deployment baselines. The\nCompany cautions that these findings are based on a limited number of\ndeployments and internal analysis, and results may vary materially depending\non building type, operating conditions, maintenance practices, utility\nenvironments, and other factors.\n\nThe orders announced today were supported by customer evaluation processes\nthat included review of the Company's expanded analytical framework,\nthird-party operating data, and operating results from selected SmartGATE\ndeployments.\n\nTo further support customer engagement efforts, the Company also developed its\nCapital Infrastructure Risk Assessment (\"CIRA\") platform and associated\nanalytical tools. CIRA is designed to evaluate real-world operating\nenvironments on a system-by-system basis and provide customers with greater\nvisibility into potential operating volatility, maintenance exposure, and\nlong-term capital infrastructure risk and is available in the solutions\nnavigation on www.legendpower.com.\n\nAbout Legend Power Systems Inc.\n\nLegend Power Systems Inc. (https://legendpower.com/) provides an intelligent\nenergy management platform that analyzes and improves building energy\nchallenges, significantly impacting asset management and corporate\nperformance. Legend Power's proven solutions support proactive executive\ndecision-making in a complex and volatile business and energy environment. The\nproprietary and patented system reduces total energy consumption and power\ncosts, while also maximizing the life of electrical equipment. Legend Power's\nunique solution is also a key contributor to both corporate sustainability\nefforts and the meeting of utility energy efficiency targets.\n\nAbout SmartGATE\n\nSmartGATE is a turnkey solution that identifies and resolves inefficiencies in\ncommercial electrical systems, enhancing energy performance while reducing\ncosts and emissions. The SmartGATE active energy management system installs\nafter the meter in line with your switchgear. Using our patented technology,\nwe extract a percentage of the load, convert and analyze it, rebuild the\nwaveform, and then inject it back into your system. This provides full voltage\nregulation (+/- 8%) to your exact specification, on each phase individually to\naddress the main power attributes that impact system reliability, lifetime,\nand efficiency. All focused on reducing energy consumption while creating\noptimal power for optimal performance with a footprint designed for today's\nbuildings.\n\nFor further information, please contact:\n\nJonathan Lansky, Director\n+1 416 417 7664\nlansky.j@icloud.com\n\nSean Peasgood, Investor Relations\n+ 1 647 503 1054\nsean@sophiccapital.com\n\nNeither the TSX Venture Exchange nor the Investment Industry Regulatory\nOrganization of Canada accepts responsibility for the adequacy or accuracy of\nthis release.\n\nForward-Looking Statements\n\nThis press release may contain statements which constitute \"forward-looking\ninformation\", including statements regarding the plans, intentions, beliefs\nand current expectations of the Company, its directors, or its officers with\nrespect to the future business activities and operating performance of the\nCompany. The words \"may\", \"would\", \"could\", \"will\", \"intend\", \"plan\",\n\"anticipate\", \"believe\", \"estimate\", \"expect\" and similar expressions, as they\nrelate to the Company, or its management, are intended to identify such\nforward-looking statements. Investors are cautioned that any such\nforward-looking statements are not guarantees of future business activities or\nperformance and involve risks and uncertainties, and that the Company's future\nbusiness activities may differ materially from those in the forward-looking\nstatements as a result of various factors. Such risks, uncertainties and\nfactors are described in the periodic filings with the Canadian securities\nregulatory authorities, including the Company's quarterly and annual\nManagement's Discussion & Analysis, which may be viewed on SEDAR+ at\nwww.sedarplus.ca. Should one or more of these risks or uncertainties\nmaterialize, or should assumptions underlying the forward-looking statements\nprove incorrect, actual results may vary materially from those described\nherein as intended, planned, anticipated, believed, estimated or expected.\nAlthough the Company has attempted to identify important risks, uncertainties\nand factors which could cause actual results to differ materially, there may\nbe others that cause results to not be as anticipated, estimated or intended.\nThe Company does not intend, and does not assume any obligation, to update\nthese forward-looking statements other than as may be required by applicable\nlaw.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/298314","article_body_html":"","raw_payload":{"data":{"id":"nNFC9rzXGB","title":"Legend Power Systems Announces $1.3 Million in Orders for 12 SmartGATE Systems as Enhanced Customer Value Strategy Gains Traction","author":"Newsfile Corp","ticker":"LPS","created":"2026-05-21T11:00:13.015Z","tickers":["LPS"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Legend Power\nSystems Inc. (TSXV: LPS) (OTCQB: LPSIF) (\"Legend Power\" or the \"Company\"), a\nglobal leader in commercial electrical system solutions, today announced\nmultiple orders representing 12 SmartGATE™ systems during the quarter. The\norders follow implementation of the Company's enhanced three-pronged strategy\nintended to address customer evaluation of the broader financial impact of\npower conditions on commercial buildings.\n\nThe orders announced include opportunities across multiple sales channels,\nincluding government expansion opportunities, reseller-driven sales channels,\nand existing customer expansion projects.\n\nOne of the existing customer expansion opportunities had previously been\npaused and was subsequently reactivated following customer review of the\nCompany's Capital Infrastructure Risk Assessment (\"CIRA\") framework and\nadditional operating analysis prepared by the Company.\n\nThe orders represent approximately CAD $1.3 million in aggregate contract\nvalue (with a 45% gross margin) and consist of signed purchase orders and\ncustomer commitments received during the quarter. The orders include a\ncombination of government-related expansion projects, reseller channel sales,\nand existing customer expansion opportunities. Delivery timing is expected to\noccur over the current and upcoming quarters.\n\n\"We recognized that the market needed a clearer way to quantify the broader\nfinancial impact of operating voltage conditions beyond energy savings alone,\"\nsaid Mike Cioce, Vice President of Sales and Marketing for Legend Power\nSystems. \"We believe the progress we have made refining our value proposition,\nincorporating third-party infrastructure data, and analyzing real-world\nSmartGATE operating results is helping customers better evaluate the\nrelationship between operating conditions, infrastructure risk, and long-term\nbuilding performance.\"\n\nOver the past several quarters, the Company identified that while prospective\ncustomers generally accepted that poor power quality negatively impacts\nbuilding performance, many struggled to quantify the broader financial\nimplications beyond traditional energy savings metrics alone.\n\nIn response, Legend Power implemented a focused strategy intended to more\nclearly quantify and communicate SmartGATE's broader operational and financial\nvalue proposition through:\n1. Refinement of the Company's technical and financial positioning;\n2. Expanded use of third-party operating and actuarial data; and\n3. Detailed financial analysis of existing SmartGATE deployments.\nAs part of this effort, the Company refined its technical framework to focus\nmore specifically on the relationship between actual building operating\nvoltage and equipment design voltage, or nameplate rating. Management notes\nthat many commercial buildings routinely operate approximately 25 to 40 volts\nabove equipment nameplate voltage levels despite remaining within\nutility-permitted operating ranges.\n\nThe Company's technical framework focuses on the relationship between\noperating voltage conditions and equipment design voltage levels, which the\nCompany believes may influence operating temperatures within certain building\nsystems including HVAC equipment, motors, drives, elevators, lighting systems,\nand automation infrastructure. Management further notes that elevated\noperating temperatures are broadly associated with accelerated material\ndegradation and reduced equipment life expectancy under widely recognized\nengineering principles, including Arrhenius-based thermal aging models\ncommonly referenced throughout electrical and materials engineering\ndisciplines. Under these principles, relatively small increases in operating\ntemperature can materially reduce expected material life.\n\nThe Company's analysis is intended to evaluate whether prolonged operation\noutside equipment design voltage ranges may contribute to increased repair\nactivity, premature equipment replacement, higher operating costs, and greater\nunbudgeted capital expenditure requirements for building owners and operators.\nManagement notes that when these broader infrastructure and operational\nimpacts are evaluated alongside SmartGATE energy savings, the Company believes\nthe broader operational and infrastructure impacts can be evaluated alongside\nSmartGATE energy savings as part of customer financial analysis.\n\nTo further support this framework, the Company expanded its use of third-party\noperational, maintenance, repair, and actuarial datasets from building service\nand infrastructure partners. Management believes these additional data sources\nimprove the Company's ability to quantify and communicate capital\ninfrastructure risk associated with prolonged operation outside optimal\nequipment voltage conditions.\n\nIn parallel, the Company conducted additional internal analysis of operating\nand financial data from a limited sample of mature SmartGATE deployments\nrepresenting multiple years of operating history. Based on this preliminary\nanalysis, the Company observed reductions in operating cash requirements\nranging from approximately 8% to 12% within the analyzed sample set, alongside\nlower operating cost volatility relative to pre-deployment baselines. The\nCompany cautions that these findings are based on a limited number of\ndeployments and internal analysis, and results may vary materially depending\non building type, operating conditions, maintenance practices, utility\nenvironments, and other factors.\n\nThe orders announced today were supported by customer evaluation processes\nthat included review of the Company's expanded analytical framework,\nthird-party operating data, and operating results from selected SmartGATE\ndeployments.\n\nTo further support customer engagement efforts, the Company also developed its\nCapital Infrastructure Risk Assessment (\"CIRA\") platform and associated\nanalytical tools. CIRA is designed to evaluate real-world operating\nenvironments on a system-by-system basis and provide customers with greater\nvisibility into potential operating volatility, maintenance exposure, and\nlong-term capital infrastructure risk and is available in the solutions\nnavigation on www.legendpower.com.\n\nAbout Legend Power Systems Inc.\n\nLegend Power Systems Inc. (https://legendpower.com/) provides an intelligent\nenergy management platform that analyzes and improves building energy\nchallenges, significantly impacting asset management and corporate\nperformance. Legend Power's proven solutions support proactive executive\ndecision-making in a complex and volatile business and energy environment. The\nproprietary and patented system reduces total energy consumption and power\ncosts, while also maximizing the life of electrical equipment. Legend Power's\nunique solution is also a key contributor to both corporate sustainability\nefforts and the meeting of utility energy efficiency targets.\n\nAbout SmartGATE\n\nSmartGATE is a turnkey solution that identifies and resolves inefficiencies in\ncommercial electrical systems, enhancing energy performance while reducing\ncosts and emissions. The SmartGATE active energy management system installs\nafter the meter in line with your switchgear. Using our patented technology,\nwe extract a percentage of the load, convert and analyze it, rebuild the\nwaveform, and then inject it back into your system. This provides full voltage\nregulation (+/- 8%) to your exact specification, on each phase individually to\naddress the main power attributes that impact system reliability, lifetime,\nand efficiency. All focused on reducing energy consumption while creating\noptimal power for optimal performance with a footprint designed for today's\nbuildings.\n\nFor further information, please contact:\n\nJonathan Lansky, Director\n+1 416 417 7664\nlansky.j@icloud.com\n\nSean Peasgood, Investor Relations\n+ 1 647 503 1054\nsean@sophiccapital.com\n\nNeither the TSX Venture Exchange nor the Investment Industry Regulatory\nOrganization of Canada accepts responsibility for the adequacy or accuracy of\nthis release.\n\nForward-Looking Statements\n\nThis press release may contain statements which constitute \"forward-looking\ninformation\", including statements regarding the plans, intentions, beliefs\nand current expectations of the Company, its directors, or its officers with\nrespect to the future business activities and operating performance of the\nCompany. The words \"may\", \"would\", \"could\", \"will\", \"intend\", \"plan\",\n\"anticipate\", \"believe\", \"estimate\", \"expect\" and similar expressions, as they\nrelate to the Company, or its management, are intended to identify such\nforward-looking statements. Investors are cautioned that any such\nforward-looking statements are not guarantees of future business activities or\nperformance and involve risks and uncertainties, and that the Company's future\nbusiness activities may differ materially from those in the forward-looking\nstatements as a result of various factors. Such risks, uncertainties and\nfactors are described in the periodic filings with the Canadian securities\nregulatory authorities, including the Company's quarterly and annual\nManagement's Discussion & Analysis, which may be viewed on SEDAR+ at\nwww.sedarplus.ca. Should one or more of these risks or uncertainties\nmaterialize, or should assumptions underlying the forward-looking statements\nprove incorrect, actual results may vary materially from those described\nherein as intended, planned, anticipated, believed, estimated or expected.\nAlthough the Company has attempted to identify important risks, uncertainties\nand factors which could cause actual results to differ materially, there may\nbe others that cause results to not be as anticipated, estimated or intended.\nThe Company does not intend, and does not assume any obligation, to update\nthese forward-looking statements other than as may be required by applicable\nlaw.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/298314"},"type":"article","timestamp":"2026-05-21T11:00:13.03717205Z","server_sent_at_ms":1779361213037},"received_at":"2026-05-21T11:00:13.097Z","source_url":"https://www.newsfilecorp.com/release/298314"},"analysis":{"id":"31337","press_release_id":"41896","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":[],"eventType":"operations_update","narrative":"Legend Power Systems announced 12 new orders for its SmartGATE systems, representing approximately CAD $1.3 million in aggregate contract value.\n\nThe orders reflect the company's enhanced three-pronged strategy to quantify the broader financial impact of power conditions, including infrastructure risk and equipment longevity, beyond simple energy savings.\n\nManagement cites a 45% gross margin on these deals and notes that preliminary analysis of existing deployments shows operating cash requirement reductions of 8% to 12%.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Small-cap industrial wins $1.3M in orders, validating new value-proposition strategy."},"keyFigures":{"customDimensions":{"order_value":"CAD $1.3 million","gross_margin":"45%","system_count":12,"operating_cash_reduction":"8% to 12%"}},"quotedText":"We believe the progress we have made refining our value proposition, incorporating third-party infrastructure data, and analyzing real-world SmartGATE operating results is helping customers better evaluate the relationship between operating conditions, infrastructure risk, and long-term building performance.","namedEntities":{"people":[{"name":"Mike Cioce","role":"Vice President of Sales and Marketing"},{"name":"Jonathan Lansky","role":"Director"},{"name":"Sean Peasgood","role":"Investor Relations"}],"products":["SmartGATE","Capital Infrastructure Risk Assessment (CIRA)"],"companies":[{"name":"Legend Power Systems Inc.","ticker":"LPS","relationship":"filer"},{"name":"TSX Venture Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"CAD $1.3 million","context":"aggregate contract value of new orders"}]},"materialImpact":{"score":2,"reasoning":"Announcement of $1.3M in orders for a small-cap industrial firm signals traction in sales strategy but is not a transformative event. The deal size is modest relative to typical market-moving thresholds for this sector."},"tickerRelevance":{"others":[],"primary":"LPS"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine_sales_update","sectorWeight":"low","householdBrandBoost":0,"marketCapAdjustment":"negative"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Legend Power Systems announced 12 new orders for its SmartGATE systems, representing approximately CAD $1.3 million in aggregate contract value.\n\nThe orders reflect the company's enhanced three-pronged strategy to quantify the broader financial impact of power conditions, including infrastructure risk and equipment longevity, beyond simple energy savings.\n\nManagement cites a 45% gross margin on these deals and notes that preliminary analysis of existing deployments shows operating cash requirement reductions of 8% to 12%.","key_figures":{"customDimensions":{"order_value":"CAD $1.3 million","gross_margin":"45%","system_count":12,"operating_cash_reduction":"8% to 12%"}},"named_entities":{"people":[{"name":"Mike Cioce","role":"Vice President of Sales and Marketing"},{"name":"Jonathan Lansky","role":"Director"},{"name":"Sean Peasgood","role":"Investor Relations"}],"products":["SmartGATE","Capital Infrastructure Risk Assessment (CIRA)"],"companies":[{"name":"Legend Power Systems Inc.","ticker":"LPS","relationship":"filer"},{"name":"TSX Venture Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"CAD $1.3 million","context":"aggregate contract value of new orders"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-21T11:07:13.634Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine_sales_update","sectorWeight":"low","householdBrandBoost":0,"marketCapAdjustment":"negative"}},"durationMs":22179,"modelName":"george-droid-qwen-72b"}}