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Applied UV Announces U.S. Patent to be Issued for a System to Neutralize Pathogens on Tactile Surfaces, Including Bank ATMs

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Applied UV has received approval from the U.S. Patent and Trademark Office for a patent related to a UVC sanitizing device designed for ATMs. This system will disinfect surfaces commonly touched by users, such as keyboards and screens. The patent represents a significant opportunity for the company to enter the banking industry with their sterilization technology. With 8 issued patents in its portfolio, Applied UV aims to tackle infection prevention across various sectors. The patented technology has proven effective against pathogens including human coronaviruses.

Positive
  • U.S. Patent approval for UVC sanitizing device enhances competitive positioning.
  • Opportunity for market entry in the banking sector with a new disinfection product.
  • Strong patent portfolio with 8 issued patents supporting innovation in infection prevention.
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Sterilumen's patent Application for a UV Light sanitizing solution designed to be retrofitted to Bank ATMs to automatically disinfect surfaces on an ATM machine, including a keyboard, touchscreen, credit card reader between uses has been allowed by the U.S. Patent and Trademark Office

MOUNT VERNON, NY / ACCESSWIRE / December 1, 2020 / Applied UV, Inc. (NASDAQ:AUVI) ("Applied UV" or the "Company"), an infection prevention technology company that applies the power of narrow-range ultra violet light ("UVC") to destroy pathogens safely, thoroughly, and automatically, today announced the United States Patent and Trademark Office ("USPTO") has allowed its U.S. Patent Application on November 23, 2020 to its subsidiary, SteriLumen, Inc. ("SteriLumen"). The patent, titled "System for Neutralizing Pathogens on Tactile Surfaces" is for Sterilumen's UVC retrofit device designed to disinfect numerous surfaces normally or typically touched by many people, including, but not limited to, ATMs, vending machines, escalators, and kiosks with interactive screens.

The patent is part of Applied UV's intellectual property portfolio that includes 8 issued patents and numerous patent applications that cover various aspects of the SteriLumen Disinfecting System including, the disinfection system; disinfection system embedded into a fixture generally, and a vanity mirror specifically, and the mechanical components of any such mirror, including hinge mount and programmable controller for regulating UV light.

"We are pleased to announce the approval of this patent to be issued by the USPTO as it provides a basis for introducing our first product for use in the banking industry to disinfect ATMs. We believe the Sterilumen line of UVC devices have the ability to safely neutralize serious pathogens commonly found on surfaces that people come in contact with daily. The new patent strengthens our patent portfolio and represents a significant opportunity to commercialize our sterilization and disinfection UVC technology in a new and very large market for the Company," commented Max Munn, President of Applied UV.

About Applied UV
Applied UV is focused on the development and acquisition of technology that address infection prevention in the healthcare, hospitality, commercial and residential markets. Our products utilize disinfection technology that applies the power of UVC to destroy pathogens safely, thoroughly, and automatically. The Company's SteriLumen technology was tested at an independent laboratory that found the SteriLumen mirror and drain to be greater than 97% and 99.99%, respectively, effective in killing the OC43 human coronavirus, a strain of human coronavirus that is genetically similar to SARS-CoV-2. According to the independent laboratory, it is expected that SARS-CoV-2, the virus that causes COVID-19 will be killed in a similar manner to OC43. The Company has two wholly owned subsidiaries; SteriLumen, Inc. ("SteriLumen") and Munn Works, LLC ("Munn Works"). SteriLumen develops disinfection devices and technology that combat health care acquired infections (HAIs). We formed a team to solve and patent a product and process to neutralize pathogens providing a compelling solution for the hospitality space and a solid path to entering the healthcare market. MunnWorks manufactures fine mirrors specifically for the hospitality industry. Our goal, at Munn Works, is to contribute to the creation of what our design industry clients seek: manufacturing extraordinary framed mirrors.

For more information about Applied UV, Inc., and its subsidiaries, please visit the following websites: https://www.applieduvinc.com/; https://sterilumen.com/; and, https://munnworks.com/.

Forward-Looking Statements
The information contained herein may contain "forward‐looking statements." Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of Applied UV concerning its business strategy, future operating results and liquidity and capital resources outlook. Forward‐looking statements are based on the Company's current expectations and assumptions

regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company's actual results may differ materially from those contemplated by the forward‐looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward‐looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward‐looking statements to conform these statements to actual results.

Applied UV Investor Relations
Kevin McGrath

TraDigital IR
+1-646-418-7002
kevin@tradigitalir.com

SOURCE: Applied UV, Inc.



View source version on accesswire.com:
https://www.accesswire.com/618885/Applied-UV-Announces-US-Patent-to-be-Issued-for-a-System-to-Neutralize-Pathogens-on-Tactile-Surfaces-Including-Bank-ATMs

FAQ

What is the recent patent approval for AUVI about?

Applied UV has received a patent approval for a UVC sanitizing device intended for ATMs, aimed at disinfecting surfaces frequently touched by users.

When was the patent for the ATM sanitizing solution allowed?

The patent application was allowed on November 23, 2020.

How does the UVC technology work in the ATM sanitizing device?

The UVC technology works by emitting ultraviolet light that effectively neutralizes pathogens on surfaces like keyboards and credit card readers.

What market opportunity does the UVC device represent for AUVI?

The patent allows Applied UV to commercialize its disinfection technology in the banking sector, a significant new market.

What pathogens is the Sterilumen technology effective against?

Independent tests indicated that the Sterilumen technology is effective in killing the OC43 human coronavirus and is expected to effectively target SARS-CoV-2.

Applied UV, Inc.

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