/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
BURNABY, BC, Feb. 11 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS)
("Legend Power") announces that it has granted incentive stock options
(the "Stock Options") to certain directors, officers and employees of
the Company to purchase up to 2,200,000 common shares in the capital of
Legend Power pursuant to Legend Power's stock option plan (the "Plan").
The Stock Options are subject to certain vesting provisions and, in
particular, 1,000,000 Stock Options vest in a year's time and 1,200,000
Stock Options vest over a three-year period commencing the first
anniversary. Subject to the vesting provisions and the terms of the
Plan, the Stock Options are exercisable on or before February 10, 2014
at an exercise price of $0.21 per share.
About Legend Power Systems Inc.
Legend Power Systems Inc. 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
eliminates inefficiencies by delivering the optimal level of voltage a
user needs. Most customers receive higher voltage levels than required
at certain points of the grid from electrical utilities delivering
higher levels to compensate for line loss across the feeder length.
Higher than nominal voltage can affect the lifespan of electrical
equipment and result in high monthly utility bills. By delivering the
optimal voltage to the user, Legend Power's Electrical Harmonizer-AVR
helps companies reduce their electricity bills, maintenance costs and
greenhouse gas emissions while increasing the life of electrical
equipment. The technology also decreases capital and operating costs
for electrical utilities.
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.
SOURCE Legend Power Systems Inc.
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