- Legend Power Systems (LPSIF, Financial) secures a significant repeat purchase order for eight additional SmartGATE systems.
- This purchase increases the customer's total installations to over 50 SmartGATE systems in five years.
- New payment terms improve cash flow with upfront deposits increased from 25% to 50%.
Legend Power Systems Inc. (LPSIF), a leader in commercial electrical system solutions, has received a new purchase order for eight additional SmartGATE systems from a major commercial real estate organization. This order represents the fourth large-scale acquisition from this customer, bringing the total SmartGATE installations to over 50 systems within the past five years.
The latest order expands on a prior purchase of 10 systems, increasing it to 18 systems. Installation responsibilities have been transferred to the customer's preferred contractor, leading to increased overall margins by eliminating lower-margin installation services. The revised payment structure enhances cash flow by increasing upfront deposit requirements from 25% to 50%.
The customer reports significant benefits from SmartGATE deployments, with more than a 15% return on investment (ROI), reduced operating costs, and improved building performance. The SmartGATE technology optimizes incoming power conditions, enhancing energy efficiency and reliability of key building systems such as HVAC, elevators, and lighting.
This successful expansion from an initial two-system pilot to a portfolio-wide implementation underscores SmartGATE's scalable solutions and long-term value in the commercial real estate sector. The deployment aligns with Legend Power's strategy to support large-scale property owners in improving energy efficiency and operational reliability across diverse building portfolios.
