SustainCo Inc. Enters into Agreement for Proprietary Face and Temperature Recognition Software Tech

 SustainCo Inc. (TSXV: SMS), awaiting name change to Universal PropTech Inc. (the "Company"), is pleased to announce that it has entered into a Collaboration and Commercialization Agreement with Delta-X Global Corp. to bring their Proprietary Face and Temperature Recognition software technology, Delta-XTM Trust, to market.

Facility owners and front-line workers are dealing with an extraordinary increased security and health risks of allowing and enabling the spread of viruses within their facilities without proper controls in place. Delta-XTM Trust's technology allows facilities to monitor the flow of people in and out of buildings and within facilities themselves. More importantly, the technology identifies when someone has heightened temperature readings and allow rapid response to contain illness.

The Company intends to integrate the Delta-X Trust products into the building control systems of existing customers' and new prospects to provide a more holistic healthy building environment. Once the definitive agreement is executed, the Company will introduce the Delta-X Trust products to thousands of properties through its extensive list of previous and current sites.

Delta-X Trust is a proven commercialized standalone contactless biometric access control and real-time data tracking system to provide secure authentication of digital interactions. Delta-X Trust innovates "identity and access management" (IAM) with the use of biometric and advanced encryption technology standards.

Already in use in manufacturing sectors, healthcare industry, hotels, schools, hospitals and other public places with heavy traffic, Delta-X Trust products elevate data security management and disease prevention.

"We are really excited to have access to SustainCo's extensive government, commercial and multiresidential customer base," commented Derek Dlugosh-Ostap, Chief Executive Officer of Delta-X Global Corp.

"The addition of the Delta-X Trust to our arsenal of healthy building solutions and services will broaden our ability to integrate PropTech into a wide range of risk mitigation solutions for customers, during this pandemic," stated Chris Hazelton, Chief Executive of Officer of SustainCo Inc. "Our existing intelligent building technology continues to get smarter."

Among several commitments, the Company agrees to beta test the Delta-X Trust products with previous and current clients to develop go-to-market plans. Delta-X Global Corp. grants to the Company an Exclusive, non-transferable, sublicensable, license and right and to, directly or indirectly, to market, sell, distribute and install the Products to any of the Company's past clients, current clients and or new clients, and, as applicable, any respective Affiliate of any of the foregoing, including integrating the Products into its clients' and prospective clients' building control system, and providing services.

About SustainCo Inc.

Universal PropTech Inc. (TSXV: SMS), awaiting name change to Universal PropTech Inc., conducts its operations through its wholly-owned subsidiary, VCI Controls Inc. ("VCI"), a leading supplier and integrator of PropTech healthy building solutions and services. The Company is an industry leader in the development 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, SustainCo Inc. has offices across Canada including, Halifax, Montreal, and Ottawa. For more information, visit

Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Forward-looking statements, specifically those concerning future performance and other statements that are not historical fact, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange (the "Exchange") and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Trading in the securities of the Company should be considered highly speculative. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.

Neither the 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.


SustainCo Inc.
Chris Hazelton
Chief Executive Officer
(647) 300-2957

To view the source version of this press release, please visit

News Provided by Newsfile via QuoteMedia

The Conversation (0)

Why a Suncor Turnaround Maintenance Event Was Given the Cree Name - Project Mamawi

Suncor Energy

Suncor Energy, Thursday, March 23, 2023, Press release picture

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Imperial Vice President, Downstream and Chemicals to assume new role at Exxon Mobil Corporation

  • J.R. (Jon) Wetmore appointed Americas Fuels Value Chain Planning & Business Development Manager, Exxon Mobil Corporation, effective May 1, 2023

Imperial (TSE: IMO, NYSE American: IMO) announced today that J.R. (Jon) Wetmore, currently Vice President, Downstream and Chemicals for Imperial will become the Americas Fuels Value Chain Planning & Business Development Manager for Exxon Mobil Corporation, effective May 1, 2023.

This press release features multimedia. View the full release here:

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Parex Resources Announces Record 2022 Full-Year Results

Parex Resources Inc. ("Parex" or the "Company") (TSX: PXT) is pleased to announce its financial and operating results for the three- and twelve-month periods ended December 31, 2022. All amounts herein are in United States dollars ("USD") unless otherwise stated.

"Reflecting on my second year at Parex, I am extremely proud of our team's ability to deliver another year of record results. In 2022, we hit new corporate milestones, generating record cash flow, repurchasing 10% of the public float for the fourth consecutive year while materially increasing the regular dividend, and growing production per share by 23% year-over-year," commented Imad Mohsen, President & Chief Executive Officer.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

EnerCom Announces Lineup of Top Independent Energy Companies for EnerCom Dallas - The Energy Investment and ESG Conference April 18-19, 2023

EnerCom Publishes Preliminary Presentation and Event Schedule on EnerCom Dallas Website at .

Investor registration is open for EnerCom Dallas + The Energy Venture Investment Summit conference featuring a broad group of public and private oil and gas companies and innovative start-up company presentations.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Suncor Energy Announces Sale of UK Exploration & Production Business

All financial figures are in Canadian dollars

Suncor Energy (TSX: SU) (NYSE: SU) today announced that it has entered into a share purchase agreement with Equinor UK Limited for the sale of Suncor Energy UK Limited, which includes Suncor's non-operated offshore interests in the North Sea. The deal is valued at approximately C$1.2 billion excluding working capital adjustments and including contingent consideration of C$338 million that is conditional upon the submission of the Rosebank development application to the regulator. The transaction is expected to close mid-2023.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News