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Applied UV, Inc. - AUVI STOCK NEWS

Welcome to our dedicated page for Applied UV news (Ticker: AUVI), a resource for investors and traders seeking the latest updates and insights on Applied UV stock.

Applied UV, Inc. (NASDAQ: AUVI), founded in 2012, is a pioneering company headquartered in Mount Vernon, New York. The company specializes in the design, manufacture, assembly, and distribution of automated disinfecting mirror systems, primarily for hospitals and healthcare facilities. They also create and supply custom-designed decorative framed mirrors, framed art, and bathroom vanities, catering mainly to the hospitality sector. Applied UV operates extensively across the United States and internationally.

The company's recent achievements include the launch of the Fighter Flex LED solution, which showcases advanced energy efficiency for HVAC systems. This technology, selected by the GSA and DOE for the Green Proving Ground Program, promises substantial energy savings by maintaining HVAC coil efficiency. The patented UVC LED system that Applied UV has developed can reduce energy consumption in HVAC systems by 5-15%, translating to approximately $45,000 in annual savings for a 100,000 square foot office space.

Applied UV is also making significant strides with its Smart Building Technologies division, which is expected to generate substantial revenue. With strategic investments and distribution agreements, the division anticipates a $10 million contribution from just three major accounts in 2024.

Expanding its horizon, Applied UV has engaged in a multi-year exclusive global licensing agreement with Element Designs to enhance outdoor systems for commercial and public spaces. This partnership will incorporate smart building technologies to further reduce energy consumption and enhance visual appeal.

The company’s disinfection technology, particularly the PURONet Control System, integrates continuous and terminal disinfection methods to ensure optimal cleanliness in healthcare settings. This innovative system is especially significant for operating rooms, providing a seamless switch between continuous low-level disinfection and deep terminal cleaning.

Moreover, Applied UV has entered the hospitality market with its plans for Larimar City & Resort in the Dominican Republic, expected to generate $250 million to $300 million over 3-6 years. This multi-use development will benefit from Applied UV’s custom interiors and smart energy-saving solutions.

In March 2024, the company announced a patent application for a disinfection system utilizing multiple wavelengths, enhancing its already robust portfolio of healthcare solutions. This system aims to optimize environmental cleanliness, particularly in healthcare facilities.

Overall, Applied UV continues to drive innovation and develop smart building technologies across healthcare, hospitality, commercial, and municipal markets.

News

Aegis Capital Corp. Acted as Exclusive Placement Agent on a $2.76 Million Registered Direct and Private Placement Priced at the Market for Applied UV, Inc. (NASDAQ: AUVI)

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Aegis Capital Corp. served as the Exclusive Placement Agent for Applied UV, Inc. (AUVI) in a $2.76 million Registered Direct and Private Placement at Market Price.
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Applied UV, Inc. Announces Closing of $2.76 Million Registered Direct and Private Placement

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Applied UV, Inc. (AUVI) successfully closed a registered direct offering and private placement with institutional investors, raising approximately $2.76 million. The offering included common stock, pre-funded warrants, and common warrants. The proceeds will be used for recent large orders within the Smart Building Technologies division from customers like Siemens, Sherwin Williams, and Arco Murray.
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Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules

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Applied UV, Inc. announces agreements with institutional investors for a direct offering, expecting $2.76 million in gross proceeds. The offering includes the sale of Common Stock, Pre-Funded Warrants, and Common Warrants.
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Applied UV’s Subsidiary Files Patent Application for New Industry Disruptive Integrated Disinfection System for Healthcare Facilities

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Applied UV, Inc. announces a new patent application by its SteriLumen subsidiary for a disinfection system optimized for healthcare settings, targeting operating rooms. The system integrates multiple wavelengths for continuous and terminal disinfection, addressing the need for effective and safe disinfection methods in critical areas. The annual market size is estimated to exceed $150M with 4,000 operating rooms renovated annually in the US.
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Applied UV’s Subsidiary has Purchased the Continuing Business and a Multi-Year Exclusive Global Licensing Agreement With Element Designs

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Applied UV's subsidiary, MunnWorks, has acquired Element Designs, a designer and fabricator of custom outdoor systems, in a multi-year exclusive global licensing agreement. The agreement aims to integrate Element Designs' manufacturing into MunnWorks' business, leveraging its resources to increase revenues. Element Designs' founding team will join MunnWorks to collaborate on water features, landscape furnishings, green-walls, and outdoor interactive systems, incorporating Smart Buildings technology. The partnership is expected to enhance the visual appeal and energy efficiency of public spaces, maximizing property value and ROI.
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Applied UV, Inc. to Develop Smart Building Technologies for Larimar City, a New Luxury Development With Six Hotels and 20,000 High-end Residences - Potential Revenues Could Total $250 Million to $300 Million

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Applied UV, Inc. (AUVI) plans to develop case goods and smart building technologies for Larimar City & Resort, estimating potential revenues of $250-300 million over 3-6 years. Subsidiaries MunnWorks, SteriLumen & LED in talks to supply UV disinfection, energy-saving smart building control solutions, and custom interiors.
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Applied UV Inc. Announces Receipt of Provisional Patent for Our Pulse Modulated UVC LED System to be Added to Our Patented Fighter Flex LED Solution Expanding Significant Revenue Opportunity

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Applied UV Inc. (AUVI) introduces a pulse modulated UVC LED enhancement to its Fighter Flex LED solution at the AHR Expo, receiving an overwhelmingly positive response. The new technology is expected to redefine energy efficiency and maintenance cost reduction in HVAC systems across multiple industries, with a potential annual sales opportunity in the hundreds of millions of dollars. The company is finalizing distribution agreements with major smart building technology brands and has been selected for the GSA Green Proving Ground Program. The patented UVC LED system has been proven to reduce energy consumption by 5-15% and can result in significant energy savings for property owners. Applied UV Inc.'s commitment to innovation and sustainability has been recognized with a major federal agency initiating a full trial of their patent-pending UVC LED design.
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Applied UV Inc. Announces Receipt of Significant Orders in Smart Building Technologies Division

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Applied UV Inc. (NASDAQ: AUVI) announces significant revenue in its Smart Building Technologies division, with $10 million in sales expected from just three nationally recognized accounts in 2024. The company anticipates overall sales to exceed 2023 results and forecasts a pivotal moment in its financial evolution. The CEO expresses enthusiasm for the progress and the launch of the groundbreaking Fighter Flex LED solution at the upcoming annual AHR Expo, set to redefine energy cost reduction in HVAC systems globally.
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Applied UV Inc. Announces Launch of Patented Fighter Flex LED Solution Opening Significant Revenue Opportunity

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Applied UV Inc. (NASDAQ: AUVI) announces the launch of its Fighter Flex LED solution at the upcoming AHR Expo on January 22nd. This disruptive technology aims to redefine energy efficiency in HVAC systems and has been selected for the GSA Green Proving Ground Program. The company is also finalizing distribution agreements with major international smart building technology brands.
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Applied UV Announces Successful Integration of Its PURO UV Disinfection and Airocide Food Preservation Units to Optimize Cost Reduction and Expand Global Growth Opportunities

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Applied UV, Inc. (AUVI) announces the successful integration of its PURO and Airocide businesses into its Sterilumen subsidiary, expecting to reduce ongoing operating expenses by over $1 million annually beginning in January 2024. The company anticipates its operating units to be cash flow positive in the second quarter of 2024. This integration aims to optimize the portfolio, reduce costs, deliver margin expansion, and drive sustainable shareholder value creation. The combined product offerings are expected to generate greater opportunities for growth in revenue, enhanced technical support, customer retention, and customer life cycle management. The integration also allows the company to gain from the natural synergies between the two businesses, resulting in expanded sales and marketing capabilities, improved operating performance, and significant cost reduction.
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FAQ

What is the current stock price of Applied UV (AUVI)?

The current stock price of Applied UV (AUVI) is $0.292561 as of May 28, 2024.

What is the market cap of Applied UV (AUVI)?

The market cap of Applied UV (AUVI) is approximately 1.4M.

What does Applied UV, Inc. specialize in?

Applied UV, Inc. specializes in designing, manufacturing, assembling, and distributing automated disinfecting mirror systems for healthcare facilities, as well as custom decorative mirrors and bathroom vanities for the hospitality market.

What is the Fighter Flex LED solution?

Fighter Flex LED is an energy-efficient HVAC system technology developed by Applied UV, designed to reduce energy consumption by maintaining HVAC coil efficiency.

Where is Applied UV, Inc. headquartered?

Applied UV, Inc. is headquartered in Mount Vernon, New York.

What markets does Applied UV serve?

Applied UV serves the healthcare, hospitality, commercial, and municipal markets.

What recent partnerships has Applied UV entered into?

Recently, Applied UV entered a multi-year exclusive global licensing agreement with Element Designs, enhancing outdoor systems for commercial and public spaces.

What is the PURONet Control System?

The PURONet Control System is an innovative disinfection technology integrating continuous and terminal disinfection methods for optimal cleanliness in healthcare settings.

What is the significance of the Larimar City & Resort project?

The Larimar City & Resort project in the Dominican Republic represents a $250 million to $300 million revenue opportunity over 3-6 years, involving Applied UV’s custom interiors and smart energy-saving solutions.

How does Applied UV's UVC LED technology benefit HVAC systems?

Applied UV's UVC LED technology can reduce energy consumption in HVAC systems by 5-15%, resulting in significant annual savings for property owners.

What recent patent application did Applied UV file?

In March 2024, Applied UV filed a patent application for a disinfection system utilizing multiple wavelengths, intended to optimize environmental cleanliness in healthcare facilities.

How is Applied UV contributing to energy efficiency?

Applied UV's advanced UVC LED technologies and smart building solutions help reduce energy consumption, maintenance costs, and improve air quality in various types of facilities.

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Applied UV, Inc.

Nasdaq:AUVI

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AUVI Stock Data

1.37M
4.67M
1.53%
6.19%
1.93%
Furnishings, Fixtures & Appliances
Electric Lighting & Wiring Equipment
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United States of America
MOUNT VERNON