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Universal PropTech (TSXV:UPI) signs U.S. distribution agreement

Consumer, Industrial
TSXV:UPI
02 July 2021 13:00 (EDT)

Universal PropTech (UPI) has signed a U.S. distribution agreement with Alps Controls Inc.

The agreement will see Universal distribute its Air Sniper indoor air quality (IAQ) products on alpscontrols.com, Alps Controls’ online marketplace.

Alpscontrols.com is the leading online marketplace for HVAC and building automation control parts and peripherals in the Americas, offering hundreds of millions of products from over 140 of the industry’s most well-known and respected brands.

Alps Controls delivers service, selection, convenience, productivity, and price to controls contractors all over the world looking for a better, more efficient way to buy parts.

Universal PropTech expects to launch the products on alpscontrols.com in the coming weeks, for HVAC and building automation controls to the marketplace’s over 3,000 HVAC contractors, control system integrators and higher education customers across the United States.

“Just in time for July 4th celebrations, Universal PropTech is proud to announce our ability to sell Air Sniper indoor air quality products to the US market. We’re excited to begin our presence in the US with trusted and high-quality products from Air Sniper to the US market,” said Universal PropTech President and CEO Chris Hazelton.

“We evaluate and distribute the best technologies for smart buildings from over 140 manufacturers and are excited to add Air Sniper Products through Universal PropTech to our existing and new US customers. We see a long and growing relationship with Universal PropTech, and we’ll build from this foundation,” said Alps Controls Vice President of Business Development Paul Wickberg.

Toronto-based Universal PropTech is a building innovation company, selecting, integrating, deploying, and maintaining PropTech in healthy buildings.

Universal PropTech is down 1.52 per cent, trading at $0.32 at 12:10 pm ET.

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