Micro Cap Lands Major Follow-Up Order from Real Estate Giant
Repeat purchase orders are a strong indicator of customer satisfaction. Given the high cost and effort involved in acquiring new customers, one of the most effective strategies a company can pursue is to ensure existing customers are satisfied and eager to buy again. This micro-cap company is excelling in that regard.
Shares of Legend Power Systems (TSX-Venture: LPS), a global leader in commercial electrical system solutions, are moving higher to start the day as the company announced a new purchase order for eight additional SmartGATE systems from a major commercial real estate organization. This latest order marks the fourth large-scale purchase by this customer in as many years, bringing their total SmartGATE purchases to over 50 systems across their portfolio in the past five years.
The SmartGATE platform is designed to optimize incoming power conditions, reducing the risk of voltage fluctuations and other power quality issues that can degrade building performance. By ensuring a more stable electrical environment, SmartGATE enhances energy efficiency, minimizes maintenance costs, and improves the overall reliability of key building systems such as HVAC, elevators, lighting, and control systems.
A senior executive for the customer stated: "The results from dozens of previous SmartGATE deployments made the decision to expand an easy one. With over a 15% ROI, lower operating costs, and a dramatic reduction in building issues, we're seeing stronger building performance across the board. SmartGATE is a win for our tenants, our employees, our bottom line, and our portfolio valuations."
"This latest purchase order underscores the value that SmartGATE consistently delivers to large commercial real estate portfolios," said Mike Cioce, Vice President of Sales and Marketing for Legend Power Systems. "The ability to systematically roll out SmartGATE solutions across a portfolio proves SmartGATE's ability to drive better building performance, reduce operating costs, and extend equipment life. This order further validates that once an organization experiences the impact of better power, they recognize the strategic advantage of expanding the solution across their properties."
Shares of LPS are currently up 13.04% at $0.13 in mid-morning trading.
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