Universal PropTech Announces Awards of Approximately $1 Million in BAS Projects and Services

Universal Proptech Inc. (TSXV: UPI) (OTCQB: UPIPF) (FSE: 8LH) (“UPI” or the “Company”) through it’s wholly owned operating company, VCI Controls Inc., is pleased to announce contract awards of approximately $1 million in service contracts and project work in Building Automation Systems (“BAS”), in the month of September.

“We are very pleased that our BAS group has extended and renewed many of its service mandates with customers such as the Canadian Government and through their facility manager,” commented Chris Hazelton, Chief Executive Officer, Universal Proptech Inc. “Service contracts lead to additional repair revenue, and we continue to aggressively pursue project work from these sites and growing our installed base. I think it’s a great start to Fiscal 2022.”

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

Additional Universal PropTech Statement

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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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99596