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

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...
Syntheia (CSE:SYAI)

Syntheia Signs Definitive Agreement for Call Center Acquisition

Syntheia Corp. (CSE: SYAI) ("Syntheia" or the "Company") (syntheia.ai), today announced that it has entered into an amended and restated agreement dated September 25, 2025 (the "Restated Agreement") with Call Center Guys Inc. ("CCG"), to amend and restate the terms of an asset purchase agreement... Keep Reading...
NVIDIA logo on modern building against a clear blue sky.

NVIDIA Commits US$100 Billion to OpenAI in Landmark AI Infrastructure Push

Semiconductor giant NVIDIA (NASDAQ:NVDA) plans to invest up to US$100 billion in OpenAI to build what executives are calling the largest artificial intelligence (AI) infrastructure project in history.The companies said on Monday (September 22) that OpenAI will deploy NVIDIA's systems on a scale... Keep Reading...
ChatGPT logo overlayed on human profile.

How to Invest in OpenAI's ChatGPT

OpenAI’s ChatGPT is one of the latest technological breakthroughs in the artificial intelligence space. But what is ChatGPT, and can you invest in OpenAI?This emerging technology is representative of a niche subsector of the AI industry known as generative AI — systems that can generate text,... Keep Reading...
Two businesspeople shaking hands, overlayed with digital graphs and world map.

Tech Weekly: Semiconductor Stocks Rally on Fed Rate Cut and Strategic Deal

The US Federal Reserve lowered its key interest rate for the first time in 2025 this week, while the Bank of Canada resumed cutting after pausing in March, providing a boost to growth-oriented sectors.Tech stocks, particularly semiconductor and artificial intelligence (AI) companies, responded... Keep Reading...
Green NVIDIA logo in a glossy 3D style on a dark background.

NVIDIA Facing Weak Demand for New Chip as Chinese Firms Turn to Homegrown Silicon

NVIDIA's (NASDAQ:NVDA) new RTX6000D chip, built to comply with US export curbs, is seeing little demand from major Chinese firms, sources familiar with the matter told Reuters this week. Tests showed it lags the banned RTX5090, which remains widely available through gray market channels at less... Keep Reading...

Latest Press Releases

Related News