Posted by AGORACOM-JC
at 11:17 AM on Thursday, February 11th, 2021
Completed its previously announced brokered private placement (the “Placement”) of 14,706,000 units of the Company (the “Units”) at a price of $0.85 per Unit (the “Issue Price”) for gross proceeds of approximately $12.5 million.
Founder and former chairman of Origin House, Marc Lustig was the lead participant in the Placement.
TORONTO, Feb. 11, 2021 — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, announces that it has completed its previously announced brokered private placement (the “Placement”) of 14,706,000 units of the Company (the “Units”) at a price of $0.85 per Unit (the “Issue Price”) for gross proceeds of approximately $12.5 million. Founder and former chairman of Origin House, Marc Lustig was the lead participant in the Placement.
Cormark Securities Inc. acted as lead agent together with a syndicate of agents that included IBK Capital Corp. and PI Financial Corp. (collectively, the “Agents”). The Agents exercised in full an option (the “Agents’ Option”) for the purchase of an additional 2,941,200 Units on the same terms. Gross proceeds from the exercise of the Agents’ Option were approximately $2.5 million bringing the aggregate proceeds raised from the Placement to approximately $15.0 million from the issuance of the cumulative 17,647,200 Units.
Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional Common Share at a price of $1.15 per Common Share for a period of 24 months from the issuance date thereof. The Warrants are subject to an accelerated expiry, exercisable at the option of the Company, if, on or following the date that is four months and one day after the date of issuance of the Units and prior to the expiry date of the Warrants, the daily volume weighted average trading price of the Common Shares exceeds $2.30 for ten consecutive trading days. The Issue Price represents a discount of 5.5% of the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (“TSXV”) for the 5 trading days ended immediately prior to the announcement of the Placement on January 26, 2021.
Posted by AGORACOM-JC
at 9:51 AM on Tuesday, February 9th, 2021
Entered into an agreement on February 5, 2021 with LuminUltra Technologies Ltd. to deploy their GeneCount Rapid SARS-CoV-2 surface testing solution for UPI’s current and past customers which total over 2,000 facilities including certain aviation assets in Canada today.
The Agreement provides UPI the ability to provide testing services employing LuminUltra’s GeneCount® qPCR tests as a service.
Toronto, Ontario–(February 9, 2021) – Universal PropTech Inc. (TSXV: UPI) (“UPI” or the “Company“) is pleased to announce that is has entered into an agreement on February 5, 2021 with LuminUltra Technologies Ltd. (“LuminUltra“) to deploy their GeneCount Rapid SARS-CoV-2 surface testing solution for UPI’s current and past customers which total over 2,000 facilities including certain aviation assets in Canada today. The Agreement provides UPI the ability to provide testing services employing LuminUltra’s GeneCount® qPCR tests as a service.
Chris Hazelton, President and CEO of UPI commented: “We are very excited to bring LuminUltra’shighly reputable SARS-CoV-2 surface testing solution to our customer base in Canada to ensure workplaces are sanitary and safe,” Mr. Hazelton continued: “We had committed strategically to expanding our product mix and investing in key technology to enhance our Trusted Advisor status with our customers. Coupled with our recent announcements, the addition of LuminUltra’s surface testing technology to our suite of services, we are well on our way to meeting that commitment to customers and shareholders.”
UPI’s wholly owned operating subsidiary, VCI Controls, will utilize the LimunUltra GeneCount® qPCR test in order to provide audit support for the efficacy of the various indoor air quality equipment it is installing in customer facilities. In this way, VCI Controls will be able to provide clients with data demonstrating the real world effectiveness of the air sanitization equipment it installs, along with peace of mind for owners and staff alike that Covid-19 is not present in their facilities.
LuminUltra provides testing solutions for clinical diagnostics, surface, and wastewater testing. LuminUltra, through its rapid, accurate and portable qPCR tests help safeguard and protect environments by providing verification of disinfection protocols to confirm the absence of the SARS-CoV-2 virus. This helps identify early warning signs which enables the execution of swift response including contact tracing and human testing.
Fully Portable Manual Testing Using GeneCount® Q-16
Posted by AGORACOM-JC
at 8:29 AM on Wednesday, February 3rd, 2021
Entered into a channel partnership agreement with SensorSuite Inc. to deliver SensorSuite’s Artificial Intelligence Energy Cloud Ecosystem Platform to multi-unit residential building and non-BAS customers across Canada
SensorSuite’s E.C.E platform seamlessly monitors, controls and optimizes Electricity, Gas and Water assets.
Using AI algorithms, the Energy Cloud Ecosystem aggregates and co-ordinates Distributed Energy Resources to eliminate wastage and increase operational efficiency.
Toronto, Ontario–(February 3, 2021) – Universal PropTech Inc. (TSXV: UPI) (“UPI” or the “Company“) is pleased to announce that it has entered into a channel partnership agreement (“Agreement“) with SensorSuite Inc. (“SensorSuite“) to deliver SensorSuite’s Artificial Intelligence (“AI“) Energy Cloud Ecosystem (“E.C.E“) Platform to multi-unit residential building (“MURB”) and non-BAS customers across Canada.
“Universal PropTech is pleased to bring SensorSuite’s AI platform to our MURB customers and prospects,” stated Chris Hazelton, President and CEO of UPI. “The inclusion of Artificial Intelligence is another tool in our expanding Building Performance offering to improve our evidence-based approach, ongoing services revenues and sustain our Trusted Advisor status.”
SensorSuite’s E.C.E platform seamlessly monitors, controls and optimizes Electricity, Gas and Water assets. Using AI algorithms, the Energy Cloud Ecosystem aggregates and co-ordinates Distributed Energy Resources to eliminate wastage and increase operational efficiency.
SensorSuite has deployed their AI solution in over 157 MURBs in Canada generating 12 billion data points per year. The Energy Cloud Ecosystem can generate between 20% to 30% in energy efficiency for MURB owners and managers, in an ongoing service model.
VCI Controls, a UPI wholly owned subsidiary, has provided services to over 2000 buildings in over 40 years, and will assess opportunities to generate Building Performance revenues with past, current customers and new prospects.
Glen Spry, President and CEO of SensorSuite, “We are excited to have Universal PropTech actively drive sales in Canada. Having a 40-year controls company like VCI Controls, enables us to start to scale the success of our AI Energy Cloud Ecosystem Platform.”
Posted by AGORACOM-JC
at 8:28 AM on Monday, February 1st, 2021
Entered into an exclusive master distributor agreement with Air Alpine Innovation Research Inc. to promote and market Air Sniper products.
UPI’s wholly-owned subsidiary, VCI Controls Inc. will exclusively distribute these products in Ontario, Quebec and Atlantic Canada.
“We are excited to exclusively represent this Made-in-Canada success story of leading edge germicidal UVC and NASA-originated Photocatalytic Oxidation technology in Ontario, Quebec and Atlantic Canada,” stated Chris Hazelton,
Toronto, Ontario–(February 1, 2021) – Universal PropTech Inc. (TSXV: UPI) (“UPI” or the “Company“) is pleased to announce that it has entered into an exclusive master distributor agreement (“Agreement“) with Air Alpine Innovation Research Inc. (“Air Sniper“) to promote and market Air Sniper products. UPI’s wholly-owned subsidiary, VCI Controls Inc. (“VCI“) will exclusively distribute these products in Ontario, Quebec and Atlantic Canada.
“We are excited to exclusively represent this Made-in-Canada success story of leading edge germicidal UVC and NASA-originated Photocatalytic Oxidation technology in Ontario, Quebec and Atlantic Canada,” stated Chris Hazelton, President and CEO of UPI. “We will aggressively pursue immediate opportunities in schools, campuses, government and commercial facilities and seniors’ homes.”
Stuart Henley, President of Air Sniper said, “Air Sniper is pleased to enter into a partnership with Universal PropTech, and to be able to utilize their 40-year presence and experience in Ontario, Quebec and Atlantic Canada. With UPI’s existing and expanding client footprint, we expect to develop a strong partnership and see significant adoption as we work to push the Air Sniper product through sales funnels.”
Posted by AGORACOM-JC
at 10:31 AM on Wednesday, January 27th, 2021
Agreed to increase the size of the Placement.
The Company will now issue up to 14,706,000 units from the treasury of the Company, at a price of $0.85 per Unit for total gross proceeds of up to approximately $12.5 million (the “ Placement ”).
TORONTO, Jan. 27, 2021 — POET Technologies Inc. (“ POET ” or the “ Company ”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, is pleased to announce that in connection with the private placement (the “ Placement ”) announced by the Company earlier today, the Company and a syndicate of agents led by Cormark Securities Inc., and including IBK Capital Corp. and PI Financial Corp. (collectively, the “ Agents ”), have agreed to increase the size of the Placement. The Company will now issue up to 14,706,000 units (the “ Units ”) from the treasury of the Company, at a price of $0.85 per Unit (the “ Issue Price ”) for total gross proceeds of up to approximately $12.5 million (the “ Placement ”).
In addition, the Company and the Agents have also agreed that the Agents shall have an option (the “ Agents’ Option ”) to purchase up to an additional 2,941,200 Units on the same terms, exercisable up until the time of closing of the Placement, for market stabilization purposes and to cover over-allotments, if any. If the Agents’ Option is exercised in full, an additional approximately $2.5 million will be raised and the aggregate proceeds of the Placement will be up to approximately $15.0 million.
In connection with the Placement, the Company will pay a cash commission to the Agents equal to 6.0% of the aggregate gross proceeds of the Placement and will issue broker warrants equal to 6.0% of the number of Units sold under the Placement, each exercisable to acquire one Common Share at the Issue Price for a period of 24 months from the closing date of the Placement.
Posted by AGORACOM-JC
at 8:20 AM on Wednesday, January 27th, 2021
Entered into a partnership with AtmosAir Solutions of Fairfield CT. to bring its products to market in Canada, including the company’s bi-polar ionization technology that mitigates COVID-19 and other viruses, bacteria and mold in the air and on surfaces.
UPI’s wholly-owned subsidiary, VCI Controls Inc. will promote, market, and sell AtmosAir products in Ontario and Quebec.
Toronto, Ontario–(January 27, 2021) – Universal PropTech Inc. (TSXV: UPI) (“UPI” or the “Company“) announced today that is has entered into a partnership with AtmosAir Solutions of Fairfield CT. to bring its products to market in Canada, including the company’s bi-polar ionization technology that mitigates COVID-19 and other viruses, bacteria and mold in the air and on surfaces. UPI’s wholly-owned subsidiary, VCI Controls Inc. (“VCI”) will promote, market, and sell AtmosAir products in Ontario and Quebec.
“Our team is very excited to be taking this important step in our business plan with a reputable company such as AtmosAir,” said Chris Hazelton, President and CEO of UPI. “Their impressive client base is a testament to the quality of their solutions, and it is time such great technology was made readily available to our clients – existing and future. UPI is committed to seeking out the best-in-class technology solutions for our clients to fight the spread of COVID-19 whether by way of ownership, investment, licencing or master distribution arrangements. We are excited and committed to aggressively pursue schools, universities and colleges, long term care facilities and other governmental facilities to deliver results with our 40-year proven integrated HVAC and Building Controls company.”
Carlos Gendron, VP of Sales and Marketing at AtmosAir said, “Our current distribution has reached over 7,500 installations worldwide, mainly focused on United States and China. The quality of our products is evident from our roster of clients, which include marquee names involved in commercial real estate, health care, hospitals, assisted living, hotels, cruise lines, universities and sports facilities. We are pleased to work with the UPI team as we make our debut into Ontario and Quebec. VCI’s experience and long-standing track record is impressive and we look forward to showcasing our innovation in Canada with a credible partner such as UPI.”
AtmosAir products provide indoor air quality solutions that suppress airborne and surface microbials and pathogens, including coronavirus, other viruses, bacteria and mold, and reduce odors as well as unhealthy and irritating volatile organic compounds (VOCs). AtmosAir Solutions’ tested and proven air purification technology is a continuous disinfectant, removing airborne and surface contaminants from indoor spaces.
Posted by AGORACOM-JC
at 4:16 PM on Tuesday, January 26th, 2021
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 PropTech industry, while Universal PropTech (UPI:TSXV) is actually delivering healthy building solutions developers, owners and operators across Canada.
“Our clients expect us to have the right Covid-19-fighting solutions that meet the needs of their uniquely designed facilities. Fresh-Aire UV solutions allow us to deliver a highly integrated HVAC package to fit those schools, colleges, universities, government facilities and seniors’ homes, immediately, and enable us to remain our customer’s trusted advisor in healthy buildings.”
Watch our interview with CEO Hazelton to learn about the Company’s established PropTech success, COVID-19 solution for Canadian buildings and where the Company is going.
Posted by AGORACOM-JC
at 8:35 AM on Tuesday, January 26th, 2021
Announced a brokered private placement led by Cormark Securities Inc. of up to 11.8 million units at a price of $0.85 per Unit, to raise gross proceeds of up to $10.0 million .
Marc Lustig , founder and former Chairman of Origin House has committed to be a lead participant in the Placement.
TORONTO , Jan. 26, 2021 – POET Technologies Inc.(” POET ” or the ” Company “) (TSX Venture: PTK) (OTCQX: POETF), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, is pleased to announce a brokered private placement (the ” Placement “) led by Cormark Securities Inc. (” Cormark “) of up to 11.8 million units (the ” Units “) at a price of $0.85 per Unit, to raise gross proceeds of up to $10.0 million . Marc Lustig , founder and former Chairman of Origin House has committed to be a lead participant in the Placement.
Suresh Venkatesan , Chairman and CEO of POET Technologies commented: “We are extremely pleased to see this investment led by Marc Lustig , a well-known Canadian entrepreneur and investor. We are happy to have Marc as a supporter at this point in POET’s growth plan and the proceeds of this offering will strengthen the Company’s balance sheet while streamlining the Company’s plans to seek an additional listing for its Common Shares on NASDAQ Capital Market.”
Each Unit will consist of one common share of the Company (a ” Common Share(s) “) and one Common Share purchase warrant (a ” Warrant “). Each Warrant will entitle the holder to purchase one additional Common Share at a price of $1.15 per Common Share for a period of 24 months following the closing of the Placement. The Warrants are subject to an accelerated expiry if, following the date that is four months and one day after the date of issuance of the Units and prior to the expiry date of the Warrants, the daily volume weighted average trading price of the Shares exceeds $2.30 for ten consecutive trading days. The Placement price of $0.85 per Unit represents a discount of 5.5% of the VWAP (volume weighted average price) of POET’s Common Shares on the TSX Venture Exchange (” TSXV “) for the 5 trading days ended January 25, 2021 .
Closing of the Placement is subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSXV. Closing of the Placement is anticipated to occur on or about February 11, 2021.
Posted by AGORACOM-JC
at 8:15 AM on Monday, January 25th, 2021
Entered into a distribution agreement with Jupiter, Florida-based Triatomic Environmental Inc. d/b/a Fresh-Aire UV to carry its air purification systems.
Fresh-Aire UV is an innovation leader in the field of indoor air quality.
Fresh-Aire UV’s light and carbon products fight mold, bacteria, viruses, and odors in commercial and residential HVACR systems.
Toronto, Ontario–(January 25, 2021) – Universal PropTech Inc. (TSXV: UPI) (“UPI” or the “Company“) is pleased to announce that it has entered into a distribution agreement (“Agreement“) with Jupiter, Florida-based Triatomic Environmental Inc. d/b/a Fresh-Aire UV (“Fresh-AireUV“) to carry its air purification systems. Fresh-Aire UV is an innovation leader in the field of indoor air quality. Fresh-Aire UV’s light and carbon products fight mold, bacteria, viruses, and odors in commercial and residential HVACR systems.
Chris Hazelton, President and CEO of UPI commented: “Our clients expect us to have the right Covid-19-fighting solutions that meet the needs of their uniquely designed facilities.” Mr. Hazelton continued: “Fresh-Aire UV solutions allow us to deliver a highly integrated HVAC package to fit those schools, colleges, universities, government facilities and seniors’ homes, immediately, and enable us to remain our customer’s trusted advisor in healthy buildings.“
“Fresh-Aire UV is proud to partner with Universal PropTech, an industry leader in providing solutions for healthier indoor environments. We see a tremendous opportunity to make a real difference addressing many air quality issues UPI customers are facing,” said Aaron Engel, Vice President for Fresh-Aire UV.
Tags: AI, Big data, Cloud Computing, Delta-X Global Corp., investing, IOT Posted in Universal PropTech Inc. | Comments Off on Universal PropTech $UPI.ca Announces Signing of Canadian Distribution Agreement with Fresh-Aire UV to Help Combat SARS-CoV-2 in Schools, Colleges, Universities, Government Facilities and Seniors’ Homes #AI #IoT $SNE $MSFT $HON
