Universal Proptech Inc. (TSXV: UPI) (OTCQB:UPIPF) (FSE:8LH) ("UPI" or the "Company") is pleased to announce an update on the Company' backlog of awarded and not executed work, made up of a combination of service contracts, repair and project work in both HVAC Building Automation and Mechanical lines of business.
- As of April 30, 2021, eight months into fiscal 21, the Company's backlog stood at approximately $5.2 million, an addition of approximately $1.1 million or 30% increase from the start of the year;
- In comparison, UPI started fiscal 2021 with approximately $1.4 million or 19% less in backlog than the start of the previous fiscal year, and as of the April 30, 2021, UPI is now approximately $0.5 million or 12% higher than same time previous year.
"I am pleased to announce our growth in backlog of awarded work for UPI," commented Chris Hazelton, Chief Executive Officer, Universal Proptech Inc."Backlog is a critical key performance indicator in assessing success of our corporate imperatives."
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.
President and Chief Executive Officer
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.
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