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    UPI   CA91380M1005


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Universal PropTech Receives Approximately $1.2 Million Purchase Orders from a Southern Ontario School Board for Mechanical Installations

06/15/2021 | 08:05am EDT

Toronto, Ontario--(Newsfile Corp. - June 15, 2021) - Universal PropTech Inc. (TSXV: UPI) (OTCQB: UPIPF) (FSE: 8LH) ("UPI" or the "Company") is pleased to announce that the Company's wholly-owned subsidiary, VCI Controls Inc. ("VCI"), has received purchase orders for approximately $1.2 million from a southern Ontario school board. These purchase orders received during the first two weeks of June 2021 are for a range of mechanical installations to be completed. Work will be executed and invoiced over Q4 Fiscal 2021 and Q1 Fiscal 2022.

Chris Hazelton, CEO of Universal PropTech Inc., stated: "We are very pleased with our growing sales from the education sector. We continue to see school boards enhance their air handling systems and install air purification technologies to prepare for school openings In September."

Mr. Hazelton continued: "Proper air handling systems are critical to ensure a safe and sustained return to the classroom, and school boards and governments are stepping up with the budgets needed to enhance this critical infrastructure. We expect this sector to continue to be an important driver of growth over the coming months."

With June 10, 2021 announcement of additions to the Company's Advisory Board, the Company is working to expand its reach and improve relationships with the education sector in Canada, and the Company is working with suppliers and distributors to provide integrated installation services wherever possible.

About Universal PropTech Inc.

Universal PropTech Inc. (TSXV: UPI) (OTCQB: UPIPF) (FSE: 8LH) is a leading building innovation company, selecting, integrating, deploying, and maintaining PropTech in healthy buildings. As trusted advisors, we provide holistic evidence-driven solutions and services for building developers, owners, and operators in Canada. UPI operates through its wholly owned subsidiary, VCI Controls Inc. ("VCI"), a leading supplier and integrator of PropTech healthy building solutions and services. VCI is an industry leader in the acquisition and deployment of intelligent building technology, including the integration of all building systems utilizing the latest in communications technologies and standards. VCI's business focuses on digital controls and mechanical services, performance monitoring, and energy efficiency solutions.

With headquarters in Toronto, Universal PropTech Inc. has offices across Canada including, Halifax, Montreal, and Ottawa. For more information, visit www.universalproptech.com.

Contact Information

Universal PropTech Inc.
Chris Hazelton
President and Chief Executive Officer
(647) 300-2957

Additional Universal PropTech Statement

The Company diligently posts updates through videos from the official company YouTube channel: https://www.youtube.com/channel/UCRYxig8nvpmMeDNaK_6OOSw

Please join the conversation on our Universal PropTech supporter's telegram group at:

Forward-Looking Statements

Certain information provided in this press release constitutes forward-looking statements and information within the meaning of applicable securities laws. Forward-looking information typically contains statements with words such as "anticipate", "believe", "forecast", expect", "plan", "intend", "estimate", "propose", "project", or similar words suggesting future outcomes. The Company cautions readers and prospective investors in the Company's securities not to place undue reliance on forward-looking information as, by its nature, it is based on current expectations regarding future events that involve a number of assumptions, inherent risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company.

The forward-looking information included herein is expressly qualified in its entirety by this cautionary statement. The forward-looking information included herein is made as of the date hereof and the Company assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law.

Neither the TSX Venture Exchange ("Exchange"), nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87523

© Newsfilecorp 2021
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Sales 2020 9,94 M 7,90 M 7,90 M
Net income 2020 -1,18 M -0,93 M -0,93 M
Net Debt 2020 0,54 M 0,43 M 0,43 M
P/E ratio 2020 -1,41x
Yield 2020 -
Capitalization 12,0 M 9,55 M 9,54 M
EV / Sales 2019 0,19x
EV / Sales 2020 0,22x
Nbr of Employees 70
Free-Float 59,6%
Duration : Period :
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Managers and Directors
Christopher Hazelton President, Chief Executive Officer & Director
Keith Li Chief Financial Officer
Al Quong Director
Daniel Cohen Director
Frank Carnevale Chief Growth Officer
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