Mr. Randy Buchamer reports
LEGEND POWER SECURES DISTRIBUTION DEAL IN SOUTH AFRICA & EMERGING MARKETS
Legend Power Systems Inc. has executed an international distribution agreement with Energy Optimisa Holdings Pty. Ltd., an established voltage-optimization company based in Cape Town, South Africa. The territory covered by the agreement includes South Africa and sub-Saharan Africa, with exclusivity based on established order volume. The agreement is for a term of six years with the option to extend by an additional four years.
Energy Optimisa is a well-established South African business specializing in supply-side energy-efficiency technologies. With a growing customer base and a record of success, Energy Optimisa is well positioned both in its home territory of South Africa and through established relationships with resellers in the emerging sub-Saharan market. Energy Optimisa has successfully installed Legend's energy-saving device, the Electrical Harmonizer, in multiple retail locations across South Africa and a number of projects are currently under way.
"Having experience in the voltage-optimization market, we were impressed by the inherent strength in the design of Legend's solution," stated Alan Palmer, Energy Optimisa's chief executive officer. "Working with Legend, a global leader of voltage-optimization solutions and the holder of patents to the technology, is very important to us and our energy-efficiency market."
"We are excited about this new partnership with Energy Optimisa," said Legend Power CEO Randy Buchamer. "Based on a number of successful projects already completed, we believe Legend's now-formalized relationship with Energy Optimisa will prove positive for Legend Power, Energy Optimisa and their customers."
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