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Universal Proptech Inc. (TSXV: UPI) (OTCQB: UPIPF) (FSE: 8LH) ("UPI" or the "Company") is pleased to announce that the Company has secured a new distribution partner, Sustainable Tech Inc. ("Sustainable Tech"), to distribute Air Sniper indoor air quality ("IAQ") products to its 2,400-dealer network across Canada. Sustainable Tech has executed a Distribution Agreement ("Agreement") with the Company on June 21, 2021. The Company will book all of Sustainable Tech sales as revenue.
The President and CEO of Universal Proptech Inc., Mr. Chris Hazelton, stated, "As we continue to secure access to new innovative healthy building solutions, we are also working to increase our distribution capabilities and drive more sales across the Canadian market." Mr. Hazelton further commented, "Sustainable Tech has done a great job to build out their national dealer network, and we're eager to leverage that value to deliver a made-in-Canada air purification solution to a much broader buying group than we currently service."
"I've toured the Air Sniper manufacturing plant in Calgary, and I'm very excited to offer this product line to our network comprised of 2,400 dealers," stated Chris Mitchell, President of Sustainable Tech Inc. Mr. Mitchell further commented, "I see tremendous synergies in working with Universal PropTech, and we'll continue to nurture ways of growing our mutual sales. We feel that the introduction of the Air Sniper product line will keep our dealer network in the forefront of the sustainable industry and will have a substantially positive impact on our sales forecasts."
About Sustainable Tech
The Distributor, an Alberta-based corporation, has secured rights for over 24 sustainable energy product lines which encompass over 400 sustainable energy products.
The Distributor deploys 3 independent sales representatives across Canada and serves over 2400 sustainable energy, electrical, and mechanical dealers across the country.
In addition, the Distributor has a sustainable energy consulting portion of the business which assists building owners and developers with the sustainable energy discussion and design criteria. The company has completed hundreds of sustainable energy projects across Canada, in the USA, and in Africa.
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.
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/88109
