As the name implies “PropTech” is a combination of two words and stands for “property technology.” As simple as that is, the implementation and importance of PropTech is anything but, which is why many companies are trying to capitalize on the rapidly growing paradigm shift, while Universal PropTech (UPI:TSXV) is actually delivering healthy building solutions developers, owners and operators across Canada.
More than just lip service, UPI clients include:
· Federal Government facilities for over 40 years
· Manulife
· Brookfield
· Billy Bishop Airport
· University of Toronto
· …. and many more
The company’s backlog is now a staggering $~6 million.
This represents:
- + $800,000 from April
- + $3,000,000 swing from September
This is comprised of awarded and not executed work, made up of a combination of service contracts and project work in both HVAC Building Automation and Mechanical lines of business.
We sat down with Frank Carnevale, CGO of Universal Proptech, to talk about their multimillion-dollar backlog. Check out the full interview below.
Tags: IOT, PropTech, small cap, small cap stocks, stocks, tsx