VANCOUVER, British Columbia, Oct. 31, 2018 (GLOBE NEWSWIRE) — Legend Power® Systems Inc. (TSX-V: LPS), a global leader in voltage management technology, today announced strategic partnerships with New York based Lido Energy Partners, LLC (Lido), an energy-sector focused business development consultancy, and Skaled Consulting, LLC (Skaled), a sales consulting and strategy firm. Both organizations have successful track records facilitating U.S. expansion.
Lido and Skaled will concentrate on systematically increasing volume at the top of Legend’s sales funnel, improving sales conversion ratios in all stages of the sales cycle and increasing velocity across the complete customer sales process.
“We are thrilled to be working with Legend Power Systems to establish their national footprint. The Harmonizer™ provides an innovative approach to reducing a building’s energy load. The U.S. energy efficiency sector is a mature market and it is exciting to be able to introduce such a fresh and differentiated solution. Legend has already established itself as a formidable force in Canada, and now American buildings are able to benefit from it too,” said Sarah Driansky, Managing Partner at Lido Energy Partners.
“It’s always exciting to work with innovative organizations, such as Legend Power, who are uniquely positioned for rapid growth in both the commercial and public sectors,” said Jake Dunlap, CEO of Skaled. “Based on what we’ve learned about Legend, we feel that our professional and focused content and training will be invaluable to their sales efforts.”
“Today’s announcement of newly established relationships with Lido and Skaled represents another important step in building on our U.S. growth foundation,” said Randy Buchamer, CEO of Legend Power® Systems. “We believe these new partnerships will help us accelerate delivery on our multi-vertical, multi-regional market penetration objectives for the U.S. by putting to use knowledge and capabilities of best-in-class solution providers. Lido and Skaled are the perfect partners to help us fully realize our significant growth potential in a timely and efficient way.”
About Lido Energy Partners
Lido Energy Partners was founded to solve one of the biggest challenges facing companies in energy, water and waste: organic growth. They specialize in business development efforts for commercial entities and developers. Lido Energy Partners focuses on building out market development efforts for energy companies poised for rapid growth. They navigate margin compression, regulatory uncertainty, rapidly evolving technology, geopolitical influence and steep competition to identify and seize on opportunities to facilitate top-line growth.
Skaled is a leading U.S. based, sales consulting firm that utilizes world class experience to help companies scale effectively and efficiently. They help partners optimize their sales process, people, and technology to accelerate business growth. Skaled also works with industry leaders in emerging technologies and large enterprises such as LinkedIn, Microsoft and ADP to optimize their sales process, people, and technology. As a result, businesses are able to transform customer generation into repeatable, short-term and long-term strategies.
About Legend Power® Systems Inc.
Legend Power Systems Inc. (www.legendpower.com) is a global leader in voltage management technology. We help buildings use less energy by eliminating ‘overvoltage’; an inherent challenge associated with power grids around the world. Legend’s industry-proven Harmonizer™ enables dynamic power-management of an entire building. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend’s unique solution is also a key contributor to both corporate sustainability efforts, and the meeting of utility energy efficiency targets.
For further information, please contact:
Steve Vanry, CFO
+ 1 604 671 9522
Sean Peasgood, Investor Relations
+ 1 647 503 1054
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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.