2020 has been quite an amazing year for our readers here at Equity Insight, as our picks for this year have generated an average return of 628%. However, the year isn’t over just yet and we have our last alert of 2020 for our readers!
As of this publication, the company has 21.7M shares out, reported annual revenues of $9.9 Million and has a market cap of only $6 Million. That’s right! This little unknown gem is currently trading at half of its annual revenues and does not account for any future growth.
Our final alert for our readers in 2020 and one to track in the New Year, is Universal PropTech Inc (TSX-V: UPI). Universal PropTech is a Canadian PropTech company that invests in cutting edge-technologies through UPI’s wholly owned subsidiary VCI Controls Inc., the company is able to integrate and deploy through healthy building solutions and services to building owners, developers and landlords in Canada. UPI has established top tier clients across eastern Canada which includes Canada Post, The Government of Canada, University of Toronto, Manulife and Brookfield.
Real estate technology or Proptech for short, is technology that is made for the property industry designed to assist building owners, property managers and landlords optimize the values of their buildings through either replacing existing resources or optimizing operations. Although PropTech is a broader term, the overall end goal is the improved values of facilities and creation of a better tenant experience.
Now with Covid-19, greater emphasis has been placed on the PropTech industry, and recent studies conducted by KMPG stating that 65% of organizations that were surveyed are currently looking to invest in PropTech and enhance their Asset Management strategies over the next 12 months.
Universal PropTech (TSX-V: UPI) announced that the company is working towards bringing a proprietary Face and Temperature Recognition technology to market, known as Delta-X™ Trust, through a Collaboration and Commercialization Agreement between UPI and Delta-X Global. The technology allows facilities to monitor the flow of people in and out of buildings and within facilities themselves. More importantly, the technology identifies when someone has heightened temperature readings, allows a rapid response and mitigates the spread of Covid-19 as the technology will deny entry of patrons if presenting heightened temperatures, a common symptom of Covid-19. You can watch the body temperature screen device with facial recognition here!
The Delta-X™ Trust has already been in use at Maple Volkswagen dealership located in Vaughan, Ontario. With this technology, customers of Maple Volkswagen were able to enter the dealership without the hassle of booking and waiting for an appointment.
UPI plans to integrate the Delta-X Trust technology into their customers’ facilities and integrate within building controls systems. Definitive agreement to be finalized after beta testing with customers. We anticipate that news of its definitive agreement with Delta-X Global Corp. should be imminent as next week marks 30 days since the announcement of its Collaboration and Commercialization Agreement.
We view Universal PropTech (TSX-V: UPI) to be a Kontrol Energy (CSE: KNR) junior in the making as they share very similar qualities including tight structure, good revenues from an existing core business and utilizing its industry experience in launching innovative technologies to mitigate the spread of Covid-19. With a market cap of $6 Million, we believe UPI presents very little downside risk and offers enormous upside potential for investors!
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