Mr. Jonathan Lansky reports
LEGEND POWER SYSTEMS CLARIFIES OCTOBER 3 PRESS RELEASE
Legend Power Systems Inc., at the request of CIRO (Canadian Investment Regulatory Organization), has clarified the following references in the press release dated Oct. 3, 2023, entitled "Legend Power Systems announces significant operational and sales progress":
The United States federal government operates an estimated three billion square feet of federal facilities and this could account for a projected total of over 10,000 systems over the coming 10 years, if deployed widely across most federally operated facilities, however, there is no guarantee from the company at this time.
Additional clarification is that the additional 200 prospects (non-customers) active in the pipeline represent a total of almost 10,000 buildings/facilities with a total addressable active power management market (TAM) size of over 10,000 active power management systems for a TAM of $2-billion (U.S.). This is not intended to serve as a forecast or projection.
The company has prepared a forecast using assumptions that reflect its planned course of action taking into consideration reasonable estimates for the upcoming one-year period, per Appendix 3E (4) and National Instrument 51-102 of the TSX Venture Exchange corporate finance manual. More information, including the company's quarterly and annual management's discussion and analysis, may be viewed on SEDAR+.
About Legend Power Systems Inc.
Legend Power provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support pro-active executive decision making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs while also maximizing the life of electrical equipment. Legend Power'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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