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LGBS Legends Business Group Inc (CE)

0.000001
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Legends Business Group Inc (CE) USOTC:LGBS OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Legends Tests MFCC Using Solar Panel on Golf Cart in Real World Environment at Save The Chimps Sanctuary

04/12/2012 1:30pm

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Legends Business (CE) (USOTC:LGBS)
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MIAMI, FL--(Marketwire - December 04, 2012) -  Legends Business Group (PINKSHEETS: LGBS) today announced the company has continued testing the MFCC on a solar powered golf cart; an experiment announced back on August 07, 2012. The MFCC's next level of testing was administered on a utility golf cart at Save The Chimps (STC), the world's largest chimpanzee sanctuary located in Fort Pierce, FL (www.savethechimps.org).

On October 15, 2012, STC contacted Legend's Business Group inquiring about an article in their local paper regarding the MFCC testing press release; Legends Business Group, Inc. Independently tests Multi-Function Charger Controller (MFCC) on solar powered golf cart. "Save the Chimps uses electric golf carts almost exclusively for transportation of staff and supplies to the 13 chimpanzee islands and buildings that make up our 150 acre chimpanzee sanctuary," said Jen Feuerstein, Save The Chimps Sanctuary Director. "I was excited to read about the possibility of solar powered golf carts, because such an innovation would be both environmentally friendly (something very important to us at STC) as well as a savings for our organization on our electric bill." STC, a non-profit organization, was founded in 1997 by Carole Noon, PH.D, to provide and build support for permanent sanctuary for the lifelong care of chimpanzees rescued. It is now home to nearly 300 chimpanzees rescued from research laboratories, entertainment and pet trade, and they are now permanent residents on a beautiful 150 acre rescue sanctuary."The ability to test the MFCC and at the same time help a wonderful organization like Save The Chimps is one of the best real world tests we could have asked for," said Rudy Sablon, LGBS's President and CEO. "It was an eye opening experience visiting the STC, they have an amazing sanctuary and Legends is proud to be part of this experience in any capacity."

Legends' main goal at the STC site is to independently test and record the MFCC's solar charging abilities on a third party's golf cart using real world conditions while not using a conventional style charger plugged directly into any power outlet. "The sanctuary's off road terrain and around the clock use is the perfect test ground to push the MFCC's solar power golf cart kit to its limits," said Sablon. Legends found during a tour of the sanctuary and installation of the MFCC, that the golf cart was in the perfect setting for extreme testing. The STC's environment was extremely dusty, humid, and had an overall rugged terrain; which are just some of the conditions the MFCC will be subjected to everyday while providing care for these Chimpanzees.

Legends' real world solar golf cart test consists of taking an ordinary utility golf cart, replacing its roof with a custom solar panel, and then testing its durability and off the grid functionality. Installed on the cart was a custom frame enclosing a 170 watt solar power panel, the MFCC, and an externally mounted volt meter to record resting voltage twice a day for the next several weeks. Legends plans to announce the MFCC solar cart results periodically as the testing data is collected and analyzed. During the initial installation the golf carts batteries were recorded resting at 49.5V. Within the first half hour of the solar panel installation, the batteries were already displaying a resting reading of 49.9V volts. The MFCC utilizes complex charging algorithms in association with bi-directional feedback to attain the optimal charging sequence for each charging session. Unlike conventional chargers, which tend to use only one method and one direction, the MFCC digitally and thermally continuously adjusts throughout the charging cycle. The net result is more energy stored along with higher resting voltage and longer battery life. Pictures will be soon posted to the website. Please visit http://www.legendspower.com

Save the Chimps provides safety, privacy, lifetime care, freedom from exploitation, and the best captive care possible to the 300 some chimpanzees that live at its Sanctuary. Donations provide the necessary funds to feed the chimps three fresh daily meals of fruits and vegetables; provide first-rate medical care for all the chimps; and help STC's maintain the 12 three acre island homes that allow the chimps the space and freedom to wander to their hearts content. Please help by visiting https://www.savethechimps.org/donate and make a donation today.

One of Legends new undertakings is overall transparency to its shareholders; visit our website under current projects to find updates on the MFCC. Visit: http://www.legendspower.com/current_projects.php

About Legends Business Group

Legends Business Group, Inc. was incorporated in March 2006, and is a publicly traded company. The company has recently refocused its purpose and has moved itself into the alternative and exotic energy marketplace. For more information please visit: http://www.legendspower.com

Safe Harbor Statement

This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for the fiscal year and beyond could differ materially from the Company's current expectations. Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events. Factors that could cause the Company's results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company's products and services, the frequency, magnitude and timing of paper and other raw-material-price changes, general business and economic conditions beyond the Company's control, timing of the completion and integration of acquisitions, the consequences of competitive factors in the marketplace, cost-containment strategies, and the Company's success in attracting and retaining key personnel. Additional information concerning factors that could cause actual results to differ materially from those projected is contained in the Company's filings. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information since these statements may no longer be accurate or timely.

Contact: Investor / Public Relations: Rodolfo SablonPhone: 305-767-7993Email: info@legendspower.com

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