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    UPI   CA91380M1005

UNIVERSAL PROPTECH INC.

(UPI)
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Universal PropTech Receives Approximately $550,000 Award for Building Automation System For Toronto Film Studios

06/01/2021 | 09:05am EDT

Toronto, Ontario--(Newsfile Corp. - June 1, 2021) - Universal PropTech Inc. (TSXV: UPI) (OTCQB: UPIPF) (FSE: 8LH) ("UPI" or the "Company") is pleased to announce that on May 6, 2021, the company's wholly-owned subsidiary, VCI Controls Inc. ("VCI"), received a Purchase Order for approximately $550,000 from a mechanical contractor to install a building automation solution for a Toronto film studios. VCI will provide product, install and commission the BAS (Building Automation System) over the course of a year.

"One of our areas of focus has been to increase sales from existing customer base, and we're delivering," commented Chris Hazelton, Chief Executive Officer, Universal PropTech Inc. 

VCI has been providing BAS servicing to the Toronto film studios for a few years now, and this project is part of a site expansion.

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
chazelton@universalproptech.com
(647) 300-2957

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/86001


ę Newsfilecorp 2021
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Financials
Sales 2020 9,94 M 7,92 M 7,92 M
Net income 2020 -1,18 M -0,94 M -0,94 M
Net Debt 2020 0,54 M 0,43 M 0,43 M
P/E ratio 2020 -1,41x
Yield 2020 -
Capitalization 10,6 M 8,42 M 8,42 M
EV / Sales 2019 0,19x
EV / Sales 2020 0,22x
Nbr of Employees 70
Free-Float 59,6%
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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
Sector and Competitors