Tickers: XTSX:LPS, PINX:LPSIF
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Vancouver, Canada / TheNewswire / December 13, 2017 - Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, is pleased to announce it has renewed its agreement with Sophic Capital Inc. ("Sophic") to act as its Investor Relations firm. Initially engaged on October 10, 2016, Sophic is a capital markets advisory firm that focuses on increasing investor awareness. Sophic will build awareness of Legend Power within the investor community using a comprehensive communications strategy, and will introduce Legend to it's growing network of investment advisors, investment dealers, institutions and other financial professionals.
Sophic will be paid $7,000 per month for a term of 12 months and has been granted options to purchase up to 125,000 shares of Legend at a price of $0.75 per share. The options will vest quarterly, in four tranches of 62,500 each and expire on the earlier of (i) 90 days after termination of the agreement and (ii) December 6, 2020. The options are governed by the provisions of Legend's stock option plan and the policies of the TSX Venture Exchange. Sophic currently holds 126,500 common shares in the capital of the Company.
About Legend Power Systems Inc.
Legend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The company's patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend's utility-proven Harmonizer improves the power efficiency of an entire building to reduce total energy consumption and power costs, while maximizing equipment life. The solution provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange.
For further information, please contact:
Randy Buchamer, CEO and President
+ 1 778 945 1501
Sean Peasgood, Investor Relations
+ 1 416 565 2805
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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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