upi stock price

Universal PropTech Provides Updates on Executing Approximately $3 Million of Sales Backlog and $15 Million in Distribution Proposals

Universal Proptech Inc. (TSXV: UPI) (OTCQB: UPIPF) (FSE:8LH) ("UPI" or the "Company") is pleased to provide updates on the execution of approximately CAD $3 million of the Company's sales backlog over 3 months, producing approximately CAD $15 Million in distribution proposals by the Company's distributors, and on indoor air quality equipment sales commission.

The CEO of UPI Chris Hazelton comments: "We had a very busy summer, and we are very appreciative of our staff who literally worked around the clock for our customers considering the state of the pandemic." Chris Hazelton continued: "Our sales staff remains committed to growing our sales backlog and we look forward to increased orders from new and existing clients both in Canada and in the United States."

Sales Backlog

Over the course of the summer the company has begun to work diligently through its CAD $6 Million in sales backlog (please see the Company's press release dated July 12, 2021). Over the period of three months from July to September, the Company had delivered on approximately CAD $3 Million of the backlog. The Company's end of September sales backlog, awarded work yet to be completed, stood at approximately CAD $4.5 Million.

Sales backlog does not include any ongoing service work executed for customers, as those revenues are recorded separately from sales backlog. Full revenue will be reported in regularly scheduled quarterly and annual financial result disclosures.

Distribution Update

The Company would also like to inform investors that the Company currently has approximately CAD $15 Million worth of proposals which have been issued over last 45 days to prospective clients through its distributors of Air Sniper products for air purification equipment. The Company's distributors are awaiting responses from school administrators across Canada and the US. There can be no assurance that any outstanding proposals will result in awarded sales.

Indoor Air Quality Equipment Commission

On June 7, 2021, the Company announced a significant Purchase Order by one of its Indoor Air Quality ("IAQ") partners for equipment with a value ranging between CAD $6.5 and $10 Million for Indoor Air Quality equipment. As reported, the Company expects to receive commissions in the range of approximately CAD $350,000 to CAD $500,000.

The Company can confirm that during the period of July 2021 and October 2021 it is in receipt and/or invoiced approximately CAD $316,000 in sales commissions, representing approximately CAD $6,320,000 in sales by the IAQ partner.

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

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:
https://t.me/UniversalPropTech

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/101926

News Provided by Newsfile via QuoteMedia

The Conversation (0)
prop tech news

Universal PropTech

One-Stop-Shop for Healthy Building Innovation and Services Across Canada

One-Stop-Shop for Healthy Building Innovation and Services Across Canada Keep Reading...
Chevron Extends Partnership with REM in Major Contract Award

Chevron Extends Partnership with REM in Major Contract Award

RemSense Technologies (REM:AU) has announced Chevron Extends Partnership with REM in Major Contract AwardDownload the PDF here. Keep Reading...
Abstract financial chart with rising line graph and bar graphs on a dark background.

Tech Weekly: Broadcom and OpenAI Sign Deal, AMD and Oracle Announce Partnership

This week was marked by strong, event-driven volatility across the tech sector. Market moves were shaped by artificial intelligence (AI) infrastructure announcements, semiconductor earnings, signals of macroeconomic stress and escalating tensions between the US and China. Effects of the US... Keep Reading...
AF2 Capital Corp.

AF2 Capital Corp. Enters into Letter of Intent for Reverse-Takeover Transaction with EverKind Inc.

AF2 Capital Corp. (TSXV: AF.P) ("AF2" or the "Company") is pleased to announce it has entered into a non-binding letter of intent dated October 14, 2025 (the "LOI") with EverKind Inc. ("EverKind"), an AI-powered emotional wellness platform, which sets forth, in general terms, the basic terms and... Keep Reading...
Hand holding a digital AI interface with various tech icons around it.

AI Market Update: Q3 2025 in Review

Q3 solidified artificial intelligence (AI) as the central growth engine within the tech sector, driving the Nasdaq Composite (INDEXNASDAQ:.IXIC) and S&P 500 (INDEXSP:.INX) to new heights. AI-focused stocks dominated market gains during the period, while venture capital funding for AI startups in... Keep Reading...
Person using a smartphone displaying cryptocurrency trading graphs and exchange options.

Tech Weekly: Tech Stocks React to Fed, AI News and Geopolitical Tensions

This week’s market action reflected renewed caution amid evolving signals from the US Federal Reserve, with tech stocks facing pressure from shifting interest rate expectations and renewed overvaluation concerns. Artificial intelligence (AI) heavyweight NVIDIA (NASDAQ:NVDA) announced a US$100... Keep Reading...

Latest Press Releases

Related News