Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF), a provider of commercial electrical-system technology, has secured a U.S. General Services Administration Multiple Award Schedule contract for its SmartGATE Active Power Management systems.
The contract, numbered 47QSMS26D0071, places the SmartGATE Gen 3 platform under Special Item Number 334512 for facilities-management systems. According to Legend’s Aug. 11 announcement, eligible U.S. federal agencies can now access pre-negotiated pricing, terms and procurement conditions for the system through the GSA Schedule.
The same Special Item Number is eligible for the GSA Cooperative Purchasing Program, extending access to qualifying state, local, tribal and other public-sector buyers. Potential users include municipalities, public schools, higher-education institutions, housing authorities and water authorities. The GSA describes its Multiple Award Schedule as a program that gives government buyers access to commercial products and services while establishing pricing and compliance requirements.
SmartGATE is installed at a building’s electrical service entrance. The platform regulates and optimizes incoming voltage to address energy waste, power quality and equipment reliability. Legend says the system can regulate voltage by plus or minus 8% on each phase.
“The GSA Schedule gives eligible government buyers and our channel partners a more efficient path to evaluate and procure SmartGATE,” said Michael Cioce, Legend’s vice president of sales and marketing.
The award follows SmartGATE’s earlier selection for evaluation through the GSA Green Proving Ground program. Preliminary results released in June showed approximately 2.6% energy savings, average demand reductions of 2% to 4%, and peak-demand reductions approaching 25% during parts of the evaluation. Legend cautioned that those findings remain preliminary and may change in the final report.
Legend’s latest reported quarter also shows the financial scale and risks surrounding the company. Revenue for the three months ended March 31, 2026, was C$545,838, while the net loss was C$442,734. Legend used C$997,463 in operating cash during the first six months of fiscal 2026 and held C$532,839 in cash at March 31. One customer accounted for 97% of second-quarter revenue.
Upcoming Catalysts
The final independent SmartGATE evaluation report is expected in October 2026. Any purchase orders placed through the new GSA Schedule would provide the first measurable commercial evidence from the award. The GSA contract itself does not guarantee orders, and Legend disclosed no contract ceiling, purchase commitment or expected revenue in the Aug. 11 announcement.
Sources
- Legend Power awarded GSA Multiple Award Schedule contract, Aug. 11, 2026
- U.S. General Services Administration Multiple Award Schedule
- Legend Power preliminary SmartGATE evaluation findings, June 16, 2026
- Legend Power Q2 fiscal 2026 results, May 22, 2026
- Legend Power Q2 fiscal 2026 MD&A, dated May 21, 2026
Editorial Disclosure
This article is based entirely on publicly available information, including press releases, SEDAR+ filings and publicly available government sources. Securities discussed or referenced include Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF). NextGenTechStocks.com has not received any compensation from any company mentioned, its management, investor relations representatives or any third party for this specific article. NextGenTechStocks.com may have current or past paid business relationships with other companies, which do not influence the content or conclusions of this article. No staff member or principal of NextGenTechStocks.com holds a position in any security mentioned at the time of publication.
Sources used include Legend Power Systems’ GSA contract announcement dated Aug. 11, 2026; the U.S. General Services Administration’s Multiple Award Schedule information; Legend’s preliminary SmartGATE evaluation findings dated June 16, 2026; and the company’s second-quarter fiscal 2026 results and MD&A dated May 21–22, 2026.
Legend reported second-quarter fiscal 2026 revenue of C$545,838, a net loss of C$442,734 and an adjusted EBITDA loss of C$293,833. For the six months ended March 31, the company used C$997,463 in operating cash. At March 31, 2026, Legend held C$532,839 in cash and had working capital of C$331,778. One customer accounted for 97% of second-quarter revenue. The Aug. 11 announcement disclosed no guaranteed orders, contract ceiling, purchase commitment or expected revenue from the GSA Schedule award.
Financial and operating information is current as of March 31, 2026. Evaluation information is current as of June 16, 2026, while the GSA contract announcement is current as of Aug. 11, 2026. No share-price or market-capitalization data was used.
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