Universal PropTech Inc. Announces Channel Partnership with SensorSuite Inc. to Deliver AI Building Automation for MURBs and Non-BAS Customers

Toronto, Ontario--(Newsfile Corp. - 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."

About SensorSuite Inc.

SensorSuite, a leading energy management PropTech company, delivers building system optimization for MURBs and non-BAS facilities. SensorSuite empowers facility owners and property managers with an AI Energy Cloud Ecosystem platform to visualize, control and optimize energy consumption across their entire portfolio.

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 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

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.

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