Legend Power Promotes Mark Petersen to VP Engineering

VANCOUVER, Feb. 3, 2016 /CNW/ - Legend Power Systems Inc. (TSXV: LPS) the leading provider of Conservation Voltage Reduction ("CVR") solutions is delighted to announce the promotion of Mark Petersen to Vice President Engineering. 

Mark, who is responsible for directing all engineering and technical initiatives, reports to Randy Buchamer, President & CEO.  Mark joined Legend in 2009 after spending 7+ years with Angstrom Power and Xantrex Technology. 

Mark has been instrumental in the design, development and continuous improvement of Legend's industry proven CVR solutions.  We thank Mark for all of his contributions and his positive proactive approach that motivates his fellow teammates.  We look forward to Mark's increased leadership as we continue to grow our business. 

Mark is a resident of North Vancouver, BC, is a Professional Engineer and is a graduate of McMaster University with a B.Eng in Electrical Engineering. 

About Legend Power Systems Inc.

Legend Power Systems Inc., "Legend" (www.legendpower.com) markets a proprietary device, the 'Harmonizer' that helps individual buildings reduce energy consumption through the utility-proven concept of Conservation Voltage Reduction, (CVR). Legend provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. Legend was recognized as the top performing clean-tech Company on the TSX Venture Exchange in 2015.

Forward-Looking Statements

This Press Release may contain statements which constitute 'forward-looking, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

SOURCE Legend Power Systems Inc.

Randy Buchamer, President & CEO, + 1 778 945 1501, [email protected]