BURNABY, BC, Aug. 21, 2014 /CNW/ - Legend Power Systems Inc. ("Legend") (TSX-V: LPS) is pleased to announce the execution of an international distribution agreement (the "Agreement") with Energy Optimisa Holdings (Pty) Limited ("Energy Optimisa"), an established voltage optimization company based in Cape Town, South Africa. The territory covered by the agreement includes South Africa and Sub-Sahara 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 4 years.
Energy Optimisa is a well-established South African business, specializing in supply side energy efficiency technologies. With a growing customer base and a track record of success, Energy Optimisa is well positioned both in their 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 underway.
"Having experience in the Voltage Optimization market, we were impressed by the inherent strength in the design of Legend's solution," states Alan Palmer, Energy Optimisa CEO. "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" says 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."
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's electrical savings solution helps companies reduce their electricity bills, maintenance costs, and increases the life of electrical equipment, while contributing to a reduction in greenhouse gas emissions.
SOURCE: Legend Power Systems Inc.
For further information: Erik Wolfe, Marketing Manager, Legend Power Systems Inc., [email protected], 778-945-1505