Legend Power Systems (TSE:LPS) has released an update.
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Legend Power Systems’ SmartGATE technology is gaining traction as the first Ontario School Board upgrades to the latest generation, spurred by attractive incentives from the IESO that cover up to 40% of the costs. This new technology promises to enhance energy savings, reduce greenhouse gas emissions, and improve power quality, thus reducing operational expenses for educational institutions. Mike Cioce, VP of Sales and Marketing, notes the upgrade decision was driven by grid reliability concerns and the potential financial benefits, with discussions underway to extend these upgrades to other school boards.
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