Yeah the UPS is the problem. Plug in to the "SURGE ONLY" plugs on it, that is insufficient wattage to handle your entire system. Plugged in to that you'll at least still have surge protection, which is very important.
You should be completely fine on the 450W BIOS by the way. What's probably happening is, if your CPU is OCed at all, your system as a whole is probably drawing in the 600-700W range, which even the best PSUs would be pulling around 650-750W from the wall, so that's why it tripped your UPS' system up.
The Power draw I listed is the maximum "safe" wattage you can draw from each plug, not what the card will actually draw necessarily.
You can see what your card is (roughly) drawing from each thing by using GPUz, here's an example of what it looks like (on the right):
With my card @ +130MHz Core, +800 vRAM, I was seeing 52.4W from the PCIe slot, 124+131+126W from the 8-Pins, total board draw was 434W, but that's on Port Royal. I did see up to about 460W in one test, I'll have to find which one it was...
Edit: To be clear, your PSU itself is NOT the issue most likely, that is a quality Power Supply unit. The Backup Power is the issue that's causing the blink-out for sure, insufficient wattage to handle the draw of your system's full bore.
Edit 2: this is the UPS I'm using, I've never had it "blink out" on me yet, despite my system drawing in to the 1100+W range when I was running 2x Titan Xp's in SLi a few years ago, I got it on sale during Holiday Sales about 4 years ago for somethin' like $109:
https://smile.amazon.com/...i-Tower/dp/B00429N19W/