Mr. Erik Wolfe reports

LEGEND COMPLETES ENERGY SAVINGS PROJECT WITH TORONTO ATMOSPHERIC FUND

Legend Power Systems Inc. has completed its first energy saving performance agreement (ESPA) with the Toronto Atmospheric Fund (TAF) and FINN Projects. Legend successfully installed six energy-saving Harmonizers, which save energy by regulating voltage, in facilities owned by a single company in the Greater Toronto Area. TAF offered its unique ESPA financing product to approved Legend clients in late 2013, and the first project is now successfully completed.

TAF offers its ESPA -- a non-debt financing tool for energy-saving projects -- to qualified multilocation building owners and operators. Over the term of the ESPA, the building owner and TAF share the financial savings realized through lowered energy bills. Legend's Harmonizer reduces the amount of energy a building uses; energy savings are guaranteed upfront through Energi, a third party insurance company. Once the ESPA is repaid, the building owner continues to save money thanks to the continuing energy reductions through the Harmonizer.

The achieved energy savings from the six product installations are currently being reviewed by FINN Projects, the designated engineering consultant, and Energi, an energy savings insurance company. The preliminary energy and GHG (greenhouse gas) reductions are very positive. Legend has already been preapproved for future projects involving TAF as a financing partner.

"The Harmonizer is an exciting energy-saving technology and a great fit for our growing ESPA program," says Tim Stoate, TAF vice-president of impact investing. "Businesses are always looking for technologies like Legend's Harmonizer that help you save money, eliminate wasted energy and reduce greenhouse gas emissions."

Since initially announcing that it was entering into an ESPA with TAF, Legend has received a great deal of interest about this new financing from its growing client base. Successful completion of the first ESPA in partnership with a well-recognized organization, while working with proven industry partners such as FINN Projects and Energi, is an exciting step for Legend. Innovative financing tools such as the ESPA that eliminate the need for capital and provide a strong energy savings guarantee could have a major impact on the energy conservation industry. Businesses are now beginning to look at energy conservation as a cash positive investment with a net financial and environmental benefit right from the start.