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Universal PropTech $UPI.ca Announces the Appointment of Robert Daniels to the Advisory Board $SNE $MSFT $HON

Posted by AGORACOM-JC at 8:38 AM on Friday, December 18th, 2020
  • Announced the appointment of Mr. Robert Daniels to the Advisory Board
  • Mr. Daniels is a long-time creator and developer of new business ventures and initiatives in the real estate and sustainability fields.
  • With a career spanning over 30 years, Mr. Daniels has been involved in substantial multi-million-dollar ventures in real estate and land development, commercial property investment and renewable power totalling over $1.4 B.
  • As an industry leader, he became one of the first large-scale builders of super energy efficient homes in Canada and one of the first independent full-scale retailers of environmentally responsible products.

Toronto, Ontario–(December 18, 2020) – Universal PropTech Inc. (TSXV: UPI) (“UPI” or “the Company”) is pleased to announce the appointment of Mr. Robert Daniels to the Advisory Board.

Mr. Daniels is a long-time creator and developer of new business ventures and initiatives in the real estate and sustainability fields. With a career spanning over 30 years, Mr. Daniels has been involved in substantial multi-million-dollar ventures in real estate and land development, commercial property investment and renewable power totalling over $1.4 B. As an industry leader, he became one of the first large-scale builders of super energy efficient homes in Canada and one of the first independent full-scale retailers of environmentally responsible products.

Mr. Daniels is a former board member of the Greater Toronto Home Builders Association, the Urban Development institute and numerous private companies and charitable organizations in Ontario. He is a graduate of The Wharton School of Business at the University of Pennsylvania. As a Climate Reality Leader, he holds a certification in ISO-14064-3: GHG Validation and Verification from the University of Toronto.

Mr. Daniels will support the Company’s efforts in investments and acquisitions of PropTech companies together with overall business development knowledge of commercial, institutional and multi-residential asset owners and managers.

“I have been a serial entrepreneur my entire life. I understand the leadership required to not only make deals, but to make them successful, and I have joined as an Advisor because I believe that this type of participation can do just that to help with Universal PropTech’s strategy,” commented Robert Daniels, Advisor, Universal PropTech Inc.

“We are excited to have Bob support us in our growth campaign to acquire, invest and license PropTech,” stated Chris Hazelton, Chief Executive Officer of Universal PropTech Inc. “His development and investment experiences will be of tremendous value going forward.”

About Universal PropTech Inc.

Universal PropTech Inc. (TSXV: UPI) 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 has offices across Canada including, Halifax, Montreal, and Ottawa. For more information, visit www.universalproptech.com.

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.

CONTACT INFORMATION

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

POET $PTK.ca $POETF Announces Industry-First Flip-Chip DML Lasers

Posted by AGORACOM-JC at 8:16 AM on Thursday, December 17th, 2020

Enables the World’s Lowest-Cost and Smallest 100G CWDM4 Optical Engine

  • Completed and tested its high-speed Directly Modulated Laser (DML) designs using a distributed feedback (DFB) structure and successfully “flip-chipped” these lasers onto the Company’s Optical Interposer platform, which also incorporates several other industry-first accomplishments.
  • flip-chip assembly technique enables a true single-chip, fully integrated Optical Engine to be produced at wafer-scale, resulting in the lowest-cost, smallest-size 100G CWDM4 Optical Engine with a form factor of 9mm x 6mm, while including banks of four lasers, four monitor photodiodes, four high speed photodiodes, a multiplexer, demultiplexer, taps for power monitoring and features supporting a self-aligned fiber attach unit.

TORONTO, Dec. 17, 2020 — 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, announced today that it has completed and tested its high-speed Directly Modulated Laser (DML) designs using a distributed feedback (DFB) structure and successfully “flip-chipped” these lasers onto the Company’s Optical Interposer platform, which also incorporates several other industry-first accomplishments.

The flip-chip assembly technique enables a true single-chip, fully integrated Optical Engine to be produced at wafer-scale, resulting in the lowest-cost, smallest-size 100G CWDM4 Optical Engine with a form factor of 9mm x 6mm, while including banks of four lasers, four monitor photodiodes, four high speed photodiodes, a multiplexer, demultiplexer, taps for power monitoring and features supporting a self-aligned fiber attach unit.

“Without being able to flip-chip the lasers, we would be unable to assemble Optical Engines at wafer-scale, which is the single most important driver of cost. Wafer-scale processing enables the production of high unit volumes at low incremental costs, ultimately allowing us to reduce the cost of building photonics devices by 25% to 40% compared to conventional approaches,” stated Suresh Venkatesan, Chairman and CEO of POET. “Following our successful demonstration of this flip-chip assembly process, POET can now readily incorporate these lasers and other active devices into derivative optical engine configurations, supporting data communications applications such as 200G CWDM4, 100G CWDM6, and 100G LR4, telecom applications such as 5G, as well as other applications that could benefit from the small size and low cost of our platform technology.”

Four DML lasers are commonly used in 100G transceiver applications, a key initial target market for POET’s Optical Interposer, enabling high speed optical communication in the 2 to 10 km range. Operating at speeds of 25 gigabits per second (GPS), POET’s family of four DML lasers of different wavelengths are the first known commercial 25G DFB-type DML lasers to utilize a flip-chip process to passively align and bond to electronic and optical circuitry on the interposer platform, while maintaining optimal performance. Given the estimated total available market (TAM) for 100G transceivers of approximately $2.5 billion, POET believes that its recently formed JV company, SuperPhotonics Xiamen, can achieve annual revenue of over $100 million within this single market segment in the 2024-25 time frame.

Flip-chip assembly of electronic devices on circuit boards, MEMS (Microelectromechanical Systems) and other devices is an advanced manufacturing process for achieving electrical interconnect (often referred to as 2-D, 2.5-D and 3-D) in semiconductor architectures. To achieve the benefits of the planar architecture of POET’s Optical Interposer that facilitates wafer-scale processing, flip-chipping of lasers was an important development milestone, requiring POET to demonstrate that it could simultaneously optimize the RF (radio frequency) performance of the flip-chipped DML laser on interposer while preserving a low RIN (relative intensity noise) measurement both before and after assembly.   RF performance relates to the quality and power of the electrical signals, while RIN is a measure of stability of the lasers that are assembled on the Interposer.

“Beyond The Press Release”

POET Technologies goes “Beyond The Press Release” to discuss today’s news. Shareholders and other interested parties are encouraged to check back on this link before market open on the morning of Tuesday December 22, 2020.

https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/751215-poet-technologies-goes-beyond-the-press-release/messages/2293211#message

About POET Technologies Inc.
POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer™ a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET’s Optical Interposer eliminates costly components and labor-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the POET Optical Interposer brings value to any device or system that integrates electronics and photonics, including some of the highest growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET is headquartered in Toronto, with operations in Allentown, PA and Singapore. More information may be obtained at www.poet-technologies.com .

Shareholder Contact for POET:
Shelton Group
Brett L. Perry
[email protected]
Company Contact for POET:
Thomas R. Mika, EVP & CFO
[email protected]

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its planned joint venture, plans for and completion of projects by the Company’s third-party consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, operational risks in the completion of the Company’s anticipated projects, a delay or abandonment of its planned joint venture, delays in recruitment for its newly opened operations or changes in plans with respect to the development of the Company’s anticipated projects by third-parties, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, and the ability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

POET Technologies $PTK.ca $POETF to Present at the LD Micro Main Event Virtual Conference on December 15

Posted by AGORACOM-JC at 8:11 AM on Thursday, December 10th, 2020
  • Suresh Venkatesan, Chairman and Chief Executive Officer, will present at the LD Micro Main Event Conference, which will be held as a virtual event. Management is scheduled to present to a live virtual panel on Tuesday, December 15 th at 2:40 p.m. EST.

TORONTO, Dec. 10, 2020 — 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, announced today that Suresh Venkatesan, Chairman and Chief Executive Officer, will present at the LD Micro Main Event Conference, which will be held as a virtual event. Management is scheduled to present to a live virtual panel on Tuesday, December 15 th at 2:40 p.m. EST.

Following the conference a webcast replay of management’s presentation will be available on the “ Presentations & Events ” page in the Investor Relations section of the Company’s website.

About POET Technologies Inc.

POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer™ a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET’s Optical Interposer eliminates costly components and labor-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the POET Optical Interposer brings value to any device or system that integrates electronics and photonics, including some of the highest growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET is headquartered in Toronto, with operations in Allentown, PA and Singapore. More information may be obtained at www.poet-technologies.com .

Shareholder Contact:
Shelton Group
Brett L. Perry
[email protected]
Company Contact:
Thomas R. Mika, EVP & CFO
[email protected]

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, financing activities, receiving full payment for its sale of its DenseLight subsidiary, future growth, plans for and completion of projects by the Company’s third-party consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s anticipated projects, delays or changes in plans with respect to the development of the Company’s anticipated projects by the Company’s third-party relationships, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, and the ability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

POET $PTK.ca $POETF Launches Campaign with AGORACOM for Online Marketing and Social Media Engagement

Posted by AGORACOM-JC at 8:16 AM on Wednesday, December 9th, 2020
  • Announced that it has launched a marketing campaign through AGORACOM for the purposes of raising the visibility and awareness of the Company on key online platforms while also facilitating education and increased understanding of POET’s technology, development progress and market opportunities.
  • The POET HUB, containing multiple landing pages, videos, photos and other helpful information, will be updated regularly over the course of the engagement and go-live on December 10, 2020 at: https://agoracom.com/ir/POETTechnologies

TORONTO, Dec. 09, 2020 — 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 it has launched a marketing campaign through AGORACOM for the purposes of raising the visibility and awareness of the Company on key online platforms while also facilitating education and increased understanding of POET’s technology, development progress and market opportunities. 

Significant Exposure Through AGORACOM Digital Network
In 2019, AGORACOM has served over 350 public companies and surpassed 600 million page views, exceeding industry engagement metrics by over 400%. 

The POET HUB, containing multiple landing pages, videos, photos and other helpful information, will be updated regularly over the course of the engagement and go-live on December 10, 2020 at: https://agoracom.com/ir/POETTechnologies

The POET HUB will receive significant exposure through continuous brand impression, content marketing, search engine marketing and social media engagement throughout the entire AGORACOM network. AGORACOM is the only small-cap marketing firm to hold a Twitter Verified badge, averaging 4.2 million Twitter impressions per month in 2019.

“Beyond The Press Release” Interviews on AGORACOM Discussion Forum
POET has also launched a Discussion Forum on AGORACOM that will serve as a media and communications platform to provide expanded information about the Company and its technology to both current and prospective shareholders in a fully moderated environment. The new Discussion Forum will exclusively feature a “Beyond the Press Release” interview series with POET’s executive management team, which will include in-depth reviews and highlights from the Company’s most recent press releases. The first of the “Beyond The Press Release” Interviews can be found at: https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/750580-video-poet-technologies-launch-of-lightbar-for-data-centers-is-an-inflection-point-for-the-company/messages/2291701#message

The POET discussion forum can be found at: https://agoracom.com/ir/POETTechnologies/forums/discussion

Verified officers at launch will be: Vivek Rajgarhia, President & General Manager and Thomas Mika, Executive Vice President and Chief Financial Officer.

The AGORACOM marketing campaign is scheduled to run for a period of 12-months at a total annual cost of C$75,000 plus HST, which will be paid entirely in shares of POET’s common stock at various intervals after services have been rendered. The shares to be issued will not be issued at a discount. The Company will issue 30,268 shares at today’s closing price of C$0.56 associated with the initial payment for services rendered to-date. The issuance of all shares related to the marketing campaign agreement are subject to the TSX Venture Exchange policies and regulatory approvals.

About AGORACOM
AGORACOM is a pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.

About POET Technologies Inc.
POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer™ a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET’s Optical Interposer eliminates costly components and labor-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the POET Optical Interposer brings value to any device or system that integrates electronics and photonics, including some of the highest growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET is headquartered in Toronto, with operations in Allentown, PA and Singapore. More information may be obtained at www.poet-technologies.com .

Shareholder Contact for POET:
Shelton Group
Brett L. Perry
[email protected]
Company Contact for POET:
Thomas R. Mika, EVP & CFO
[email protected]
  

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its planned joint venture, plans for and completion of projects by the Company’s third-party consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, operational risks in the completion of the Company’s anticipated projects, a delay or abandonment of its planned joint venture, delays in recruitment for its newly opened operations or changes in plans with respect to the development of the Company’s anticipated projects by third-parties, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, and the ability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

VIDEO – POET Technologies $PTK.ca Launch Of LightBar For Data Centers “Is An Inflection Point For The Company”

Posted by AGORACOM-JC at 6:10 PM on Tuesday, December 8th, 2020

Understanding the world of Photonics isn’t the easiest thing small cap investors have had to understand.  In fact, it may be the very hardest thing they’ve ever had to understand.  However, given the fact we are the very reason current photonics devices aren’t living up to snuff trying to keep up with our surfing, streaming, binging and zooming – you start to see why understanding photonics and POET Technologies could open up investors to a whole new world. 

We went beyond the press release with POET management to discuss the launch of their LightBar solution for data centers.  They did a great job explaining it in terms that are both compelling yet understandable.  

Before watching this video, here is some important background information.   

Photonics are critical to the next phase of semiconductor development.  Semiconductors are an essential component of every electronic device on the planet.

Photonic devices create, detect and manipulate light.  Laser generated light is fundamental to sensing, computing, data and telecommunications, which require the fastest transfer of data possible  

For example – the biggest trends in computing today: 

  • Cloud Computing
  • Artificial Intelligence
  • 5G and Edge  

HERE IS THE PROBLEM 

Making photonics devices that are reliable is expensive in terms of both capital and labor. 

Cost declines have not kept up with Moore’s Law, with most photonics devices built one at a time – and multiple different components must be able to interconnect seamlessly without constant testing.

The Result? Integration of components at wafer-scale has not been fully implemented even by the largest companies working for the past 20 years  ….. UNTIL NOW

POET has developed a unique, disruptive and differentiating new entry into photonics markets.

The POET Optical Interposer™ Platform – patented photonics integration platform that enables lower cost and higher performance across a wide range of applications

Today’s press release announcing a line of high-performance remote laser light source products for applications in Cloud-Based Data Centers might very well take POET to a whole new level,

Watch this great first interview of many with 

Suresh Venkatesan, Chairman and CEO 

Vivek Rajgarhia, President & General Manager 

Thomas Mika, Executive Vice President and Chief Financial Officer 

Universal PropTech Inc. $UPI.ca Names Frank Carnevale as Chief Growth Officer $SNE $MSFT $HON $SONA.ca

Posted by AGORACOM-JC at 4:24 PM on Tuesday, December 1st, 2020
  • Announced the appointment of Mr. Frank Carnevale as Chief Growth Officer.
  • Mr Carnevale is the former Chief Operating Officer of the Company, and is returning to focus on acquisitions, investments, organic growth strategies and execution to improve the overall value of the Company.
  • Mr. Carnevale will work closely with the CEO, Mr. Chris Hazelton, in delivering an aggressive growth program over the coming months.

Toronto, Ontario–(December 1, 2020) – Universal PropTech Inc. (TSXV: UPI) (“the Company”) is pleased to announce the appointment of Mr. Frank Carnevale as Chief Growth Officer.

Mr Carnevale is the former Chief Operating Officer of the Company, and is returning to focus on acquisitions, investments, organic growth strategies and execution to improve the overall value of the Company. Mr. Carnevale will work closely with the CEO, Mr. Chris Hazelton, in delivering an aggressive growth program over the coming months.

Mr. Carnevale is an award-winning CxO, industry thought leader, and has originated over $2.5 billion in energy transactions in regulated and unregulated energy service companies. He served as an Executive Board Member of the Energy Council of Canada from 2017 to 2019. He also served as a Board Member of the Council for Clean & Reliable Electricity, and the Ontario Energy Association.

“I see tremendous opportunities to improve the value of facilities by integrating proptech innovation with design, operations, and all in a very holistic customer-centric approach,” commented Frank Carnevale, Chief Growth Officer of Universal PropTech Inc.

“We are excited to have Frank back with us to aggressively grow our businesses,” stated Chris Hazelton, Chief Executive of Officer of Universal PropTech Inc. “He brings a unique perspective on how to take our share of the ongoing transformation in proptech and energy.”

About Universal PropTech Inc.

Universal PropTech Inc. (TSXV: UPI), 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, Universal PropTech has offices across Canada including, Halifax, Montreal, and Ottawa. For more information, visit www.universalproptech.com

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.

CONTACT INFORMATION

Universal PropTech Inc.

Chris Hazelton

Chief Executive Officer

(647) 300-2957

AGORACOM Welcomes Universal #PropTech $UPI.ca Delivering Healthy Building Solutions and Services For Building Developers, Owners and Operators #AI #IoT $SNE $MSFT $HON $SONA.ca

Posted by AGORACOM-JC at 5:37 PM on Monday, November 30th, 2020

UPI: TSX-V

www.universalproptech.com

UPI-1
upi-2
Screen-Shot-2020-11-26-at-9-30-03-AM

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. 

Like every other industry on the planet that is incorporating technology to create greater efficiencies and experiences, the commercial real estate market is no different and is seeing the rapid adoption of;

  • Artificial Intelligence
  • Machine learning
  • Big data
  • Internet of Things (IoT Sensors)
  • Cloud computing

To create cost savings by reducing and even eliminating existing costs, create greater efficiencies for the operation and maintenance of real estate assets, as well as, improve the design of new builds.

IMPACT OF COVID-19

The COVID-19 pandemic has served to significantly increased the demand for PropTech in the commercial real estate market as follows:

  • The need for solutions to get workers back into workplace buildings and offices. Specifically, the need to identify bacteria and viruses in indoor air quality, as well as, the ability to sanitize immediately and effectively.
  • The need to create even greater cost savings and efficiencies for real estate owners that will continue suffering losses until workers significantly return to the workplace.

WHY UNIVERSAL PROPTECH (UPI:TSXV)?

Whereas many companies are just now trying to capitalize on the opportunities presented in the current and massive future of PropTech, Universal PropTech Inc. (“UPI”) a diversified investment platform delivering healthy building solutions and services for building developers, owners and operators in Canada.  More than just lip service, UPI has been successfully delivering its PropTech solutions for years, with revenues over the last 3 years as follows:

2017 – $13.8M

2018 – $13.7M

2019 – $15.9M

Headquartered in Toronto, UPI has offices across Canada including Halifax,Montreal, and Ottawa. 

COMPANY HIGHLIGHTS

  • Used in Federal Government facilities for over 40 years
  • Provides real estate managers turnkey HVAC Building Controls design, equipment, installation and ongoing operations and maintenance services for Industrial, Commercial, Institutional and Multi-residential customers
  • Already possesses under-utilized IP in building controls to add in additional monitoring inputs and equipment controls
  • Diverse revenue streams via products, installations and ongoing
  • Key strategic partnerships afford the ability to monitor real-time utility meters, key BAS and systems data in a building.
  • Team has the capability to make sense of this data and apply advanced web tools to make recommendations to fine tune a building, saving from 5% to 15% of a facilities energy spend without capital expenditure
  • VCI offers the depth and breadth of Building Automation Systems (BAS) knowledge and products from the likes of Siemens and Honeywell to support building automation systems
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COVID-19 STRATEGY

As businesses return to the office, property managers must think about the design and safety of their buildings for occupants. Traditional cleaning methods are ineffective at preventing transmission. UV technology is able to sanitize all surfaces free from pathogens. UPI is capitalizing on this opportunity by building and acquiring UV technology as it is the best in the market to administer and integrate it into healthy buildings in Canada.

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