Mr. Chris Hazelton reports
UNIVERSAL PROPTECH ANNOUNCES PARTNERSHIP AGREEMENT WITH TERMOBUILD FOR CARBON NEUTRAL BUILDING SOLUTIONS
Universal Proptech Inc. has signed a partnership agreement with Laken & Associates Inc., operating as Termobuild, to incorporate the use of Termobuild value engineering and hollow-core concrete technology to develop carbon-neutral building solutions for real estate developers and builders in Canada.
"As Universal Proptech embarks on developing energy resources, it is key to incorporate carbon-neutral building solutions like Termobuild and their hollow-core concrete technology," stated Frank Carnevale, chief growth officer of Universal Proptech. "We are driving innovation and our ability to finance solutions to create a significant barrier to entry for competitors."
"UPI collaboration with Termobuild will lead to higher performance and lower costs from the start," commented Jack Laken, president of Termobuild. "If one smart building, as dispatchable asset, can impact the load on the energy grid and the lives of end-users who experience life inside the building, then a block of connected smart buildings is the ultimate goal toward a more efficient, clean and mindful future of construction."
Termobuild has installed systems in over 2.0 million square feet in Canada and the United States. Two of Termobuild's schools were validated by NRCan (Natural Resources Canada) as best-performing sustainable schools in Canada. Recently, Termobuild had a 675,000-square-foot net positive development in South Carolina, United States, featured in NREL Guide to Net Zero.
As the company and its consortium of engineering design firms approach prospects to develop alternative energy systems and grow its energy resources division, it will include Termobuild within its technology mix to produce carbon-net-zero buildings. In instances where Termobuild is not being sold indirectly through the company, the agreement includes a referral fee arrangement with Termobuild for sales.
Additionally, both the company and Termobuild are working together to integrate the company's building automation systems with the ability for hollow-core concrete technology to store thermal loads for electricity peak shaving strategies.
Connection to forward-looking guidance
Consistent with the corporate second-half 2021 guidance reported on June 30, 2021, the agreement with Termobuild enables the company to deliver on strategic targets:
- Round out additional capabilities to deliver healthy buildings, such as building automation, building performance, indoor air quality and energy resources;
- Expand the company's share of the wallet from existing and new clients by offering additional products and solutions;
- Developing alternative asset class offering with financing and/or owning energy assets.
About Universal Proptech Inc.
Universal Proptech is a leading building innovation company, selecting, integrating, deploying and maintaining proptech (property technology) in healthy buildings. As a trusted adviser, the company provides holistic evidence-driven solutions and services for building developers, owners and operators in Canada. Universal Proptech operates through its wholly owned subsidiary, VCI Controls Inc., 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.
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