TORONTO, June 9, 2015
/CNW/ - Legend Power Systems Inc., LPS-V ("Legend") and the
YMCA of Greater Toronto
("YMCA") are pleased to announce the successful completion of a
multi-site energy conservation project. Legend's Harmonizers
were installed in six YMCA of Greater
Toronto locations, with the measured results exceeding
expectations. Finn Projects, the project's engineering
consultant, has verified the achieved annual savings of 600,000kWh
– reducing operating costs by over $70,000 per year.
The YMCA is committed to communities that they service; setting
a strong example of environmental leadership is an important part
of this commitment. The innovative approach taken by
YMCA to save energy using Legend's Harmonizer has reduced their
annual Greenhouse Gas emissions by over 100 metric tonnes, creating
cleaner, stronger and more sustainable communities.
"At the YMCA of Greater
Toronto, we see a healthy future as a green future," said
Alex Versluis, VP
Operations, YMCA of Greater
Toronto. "With each YMCA we operate, we are continuously
making investments in our environmental initiatives to create more
sustainable spaces for our community. Cutting our carbon footprint
is a big part of that, and we're excited to continue on with this
project."
This project was completed as an Energy Savings Performance
Agreement ("ESPA"), where the YMCA installs Legend's Harmonizer
with no capital cost, while still realizing a portion of the
measured annual savings. The achieved financial saving is
split between The Toronto Atmospheric Fund and the YMCA over the
term of the ESPA Agreement. Without any capital outlay, YMCA
has reduced their operating costs and carbon footprint. Finn
Projects will provide ongoing savings verification, with the
guaranteed results backed by Energi, an energy saving insurance
company.
"The success achieved at these six YMCA locations proves the
ESPA model is effective and repeatable" says Randy Buchamer, Legend's President &
CEO. "Innovative financial tools, such as the ESPA, help to
eliminate some of the barriers businesses face when evaluating an
energy conservation retrofit."
Legend is pleased with the success of the ESPA model and has
made it a core financial alternative for our customers and
prospects.
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 Power's Electrical Harmonizer helps companies
reduce their electricity bills, maintenance costs, and increases
the life of electrical equipment, while contributing to a reduction
in greenhouse gas emissions. Legend Power was recognized as the top
performing clean tech company on the TSX/V for 2015.
About the YMCA of Greater
Toronto
For more than 160 years, the YMCA of Greater Toronto has been providing leadership
and working with partners to solve complex social problems to
create measurable outcomes that strengthen the social health of our
communities. As a charity, the YMCA offers a variety of
programs responding to the needs of the community,including
education and training, employment and immigrant services, family
and youth services, health and fitness programs, child care and
camps. Serving the population of the City of Toronto and the regional
municipalities of Durham, Peel,
York, and Halton plus Dufferin
County, last year the YMCA connected with more than 500,000 people
across 375 locations. www.ymcagta.org
SOURCE Legend Power Systems Inc.