LEGEND SIGNS MOU FOR UK DISTRIBUTOR LICENSE SALE
(firmenpresse) -
LEGEND SIGNS MOU FOR UK DISTRIBUTOR LICENSE SALE
International Distribution Launches as Domestic Sales Momentum Builds
Burnaby, British Columbia, May 25, 2010 - Legend Power Systems Inc. (“Legend Power”) (TSX-V: LPS) (FSE:XLE) announces that it has signed a Memorandum of Understanding with ElectroFlow Solutions (UK) Limited (EFS) to purchase the distributor license for Legend’s patented electrical conservation technology in the United Kingdom. The agreement includes an initial system as well as engineering and training services leading to the execution of a full distributor license.
Electricity rates in the UK are two to three times those in Canada and with the country’s switch from UK 220v to the EU standard 230v, forced over voltage energy waste is a significant problem that Legend Power’s Harmonizer-AVR’s conservation voltage reduction technology is well positioned to resolve.
With a bespoke manufacturing facility in Gorleston, Norfolk, and headquarters at the Beacon Innovation Centre, EFS offers a range of energy-efficiency and Power Quality services which help the largest users of electricity in the UK to cut their carbon footprint, and save money. The company’s engineers are NIC qualified, and have a minimum of 5 years experience of electrical engineering.
“The ability of the Harmonizer-AVR to add incremental savings to EFS’ current line up of conservation technologies, combined with the company’s strong engineering team and respected reputation among many of that country’s major brand, key accounts makes this an excellent partnership for both organizations and accelerates Legend’s international sales in a solid and familiar overseas market”, said Gerry Gill, Chairman and CEO of Legend Power Systems Inc.
About Legend Power Systems Inc.
Legend Power Systems Inc. (www.legendpower.com) is a leading electrical energy conservation company that manufactures and markets a patented device to help commercial and industrial customers achieve significant energy savings through voltage optimization. Legend Power's Electrical Harmonizer-AVR helps companies reduce their electricity bills, maintenance costs, and increases the life of electrical equipment, while contributing to a reduction in green house gas emissions. View “Legend Power Corporate Video” on YouTube at http://www.youtube.com/watch?v=EcBIFsXZTIA
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Gerry Gill, Chairman & CEO
Legend Power Systems Inc.
+ 1 604 420 1500
ggill(at)legendpower.com
Leseranfragen:
Legend Power Systems Inc.
8618 Commerce Court
Burnaby, BC
Canada V5A 4N6
T: 604-420-1500
F: 604-420-1533
info(at)legendpower.com
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