STOCK TITAN
The best stock market news and trading tools all in one place—your must-have platform for investing success.
A must-have platform for stock market information, offering the best tools and updates to supercharge your trading.
Your trusted source for the best stock market news, trading tools, and expert advice. Everything traders need, in one place.

Applied UV Installs Patented LumiCide Surface Disinfection Solution into NYC’s Mt. Sinai Medical Center Morningside

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Applied UV, Inc. (AUV) announced the installation of its LumiCide Surface and Drain UVC Disinfecting Systems in 17 patient rooms at Mount Sinai Morningside. This partnership aims to combat hospital-acquired infections, with plans to publish independent validation results from ResInnova Laboratories in an academic paper later this summer. The LumiCide system focuses on pathogen elimination in critical areas, providing automated, continuous disinfection. CEO John F. Andrews stated the collaboration boosts confidence in their innovative solutions within the healthcare sector.

Positive
  • Partnership with prestigious Mount Sinai Morningside enhances credibility.
  • Installation of LumiCide systems targets significant healthcare issue: hospital-acquired infections.
  • Potential publication of validation results could lead to broader adoption of products.
Negative
  • No immediate financial metrics provided to assess impact on revenue.
  • Dependence on future validation results for credibility may introduce uncertainty.

One of The World’s Prestigious Hospitals

MOUNT VERNON, N.Y.--(BUSINESS WIRE)-- Applied UV, Inc. (NasdaqCM: AUVI) (“Applied UV” or the “Company”), a pathogen elimination technology company that applies the power of narrow-range ultraviolet light (“UVC”) for surface areas and catalytic bioconversion technology for air purification to destroy pathogens safely, thoroughly, and automatically, announces that its wholly owned subsidiary SteriLumen has just installed its patented LumiCide Surface and Drain UVC Disinfecting Systems initially, in 17 patient rooms within the world renowned Mt. Sinai Medical Center Morningside. Mount Sinai Morningside, formerly known as Mount Sinai St. Luke's, is a teaching hospital located in the Morningside Heights neighborhood of Manhattan in New York City.

Mt. Sinai plans to publish the results in an Academic Paper later this summer which would further validate the previously obtained independent results conducted by ResInnova Laboratories. This validation could facilitate the adoption of our LumiCide Surface and Drain disinfection solutions throughout healthcare facilities globally.

Mount Sinai Morningside is affiliated with the Icahn School of Medicine at Mount Sinai and the Mount Sinai Health System, a nonprofit hospital system formed by the merger of Continuum Health Partners and the Mount Sinai Medical Center in September 2013. It provides general medical and surgical facilities, ambulatory care, and a Level 2 Trauma Center, verified by the American College of Surgeons. It operates 21 clinics and as of 2020, is nationally ranked by U.S. News & World Report.

John F. Andrews Applied UV’s CEO and Director stated, “We welcome Mt. Sinai Medical Center to the Applied UV Family. The addition of this premier, globally recognized, and respected teaching institution to our growing list of leading hospitals who place their trust in our patented disinfection products (both air and surface) is further testament to the proven effectiveness but also, too the growing interest of globally recognized brands and companies who use our family of solutions to protect their facilities, employees, and products from harmful airborne and surface related pathogens. We look forward to a long and successful relationship with the Mt. Sinai team.”

The LumiCide Disinfection System product line has the following attributes:

  • Focus on the sink area and drain. Focuses on pathogens that accumulate on the sink area, including handles, faucets and backsplash and in the drain.
  • UVC LED Pathogen Destruction. Destroys 4 logs (99.99%) some of the most dangerous pathogens like COVID 19, MERSA C’diff, in the bathroom vanity/sink area with at least two hours of continuous use.
  • Automatic operation. Built-in programmable controller that ensures operation for the full required daily time and is not dependent on manual operation.
  • Continuous operation. Works in cycles of two hour on and four hours off, except for the disinfecting drain which is on 15 minutes every hour. The timing protocol is managed by a programmable controller and a motion detector enclosed within each device and works while the room is still occupied and while the bathroom is not in use, therefore, continuously disinfecting an area of ongoing high contamination.
  • Safety. Built-in motion detector and sensor automatically shuts off the UVC light when anyone enters the room eliminating any concern over UV safety. Once there is no movement in the room for 10 minutes the UVC light comes back on to restart and continue its cycle.
  • Removable UVC LED panel. The UVC LEDs are installed via a removable panel, leading to ease of replacement or upgrade.
  • Ease of Installation. The unit is easy to install and uses standard electrical wiring.
  • IOT connectivity. IOT connectivity uses Wi-Fi and RF technology that will enable continuous transmission of use and functionality data over the Internet for collection and analysis.

Applied UV’s internal research and research provided by the CDC estimates that each year about 1 in 25 U.S. hospital patients (approximately 1.4M Americans) are diagnosed with at least one infection related to hospital care alone and additional infections occur in other healthcare settings. Approximately 900,000 Americans die each year due to complications associated with Hospital Acquired Infections. Many HAI’s are caused by the most urgent and serious antibiotic -resistant (AR) bacteria and my lead to sepsis of death. According to NIH, Healthcare-associated infections are known to increase the length of stay, health care costs, and mortality. Each year the top 5 healthcare-associated infections result in about $9.8 billion costs.

About Applied UV

Applied UV is focused on the development and acquisition of technology that address infection control in the healthcare, hospitality, commercial and municipal markets. The Company has two wholly owned subsidiaries - SteriLumen, Inc. (“SteriLumen”) and Munn Works, LLC (“Munn Works”). SteriLumen’s connected platform for Data Driven Disinfection™ applies the power of ultraviolet light (UVC) to destroy pathogens safely, thoroughly, and automatically, addressing the challenge of healthcare-acquired infections ("HAIs"). Targeted for use in facilities that have high customer turnover such as hospitals, hotels, commercial facilities, and other public spaces, the Company’s Lumicide™ platform uses UVC LEDs in several patented designs for infection control in and around high-traffic areas, including sinks and restrooms, killing bacteria, viruses, and other pathogens residing on hard surfaces within devices’ proximity. The Company’s patented in-drain disinfection device, Lumicide Drain, is the only product on the market that addresses this critical pathogen intensive location. SteriLumen’s Airocide® air purification devices are research backed, clinically proven, and developed for NASA with assistance from the University of Wisconsin. Airocide® is listed as an FDA Class II Medical device, utilizes a proprietary photocatalytic (PCO) bioconversion technology that draws air into a reaction chamber that converts damaging molds, microorganisms, dangerous airborne pathogens, destructive VOCs, allergens, odors and biological gasses into harmless water vapor and green carbon dioxide without producing ozone or other harmful byproducts. Airocide® applications include healthcare, hospitality, grocery chains, wine making facilities, commercial real estate, schools, dental offices, post-harvest, grocery, cannabis facilities and homes. For more information about Applied UV, Inc., and its subsidiaries, please visit the following websites: https://www.applieduvinc.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 Inc.

John F. Andrews

Applied UV CEO & Director

john.andrews@applieduvinc.com

Brett Maas, Managing Principal

Hayden IR

brett@haydenir.com

(646) 536-7331

Source: Applied UV, Inc.

FAQ

What recent development did Applied UV, Inc. announce regarding its disinfecting systems?

Applied UV announced the installation of LumiCide Surface and Drain UVC Disinfecting Systems in 17 patient rooms at Mount Sinai Morningside.

How does the LumiCide system benefit healthcare facilities?

The LumiCide system provides automated, continuous disinfection targeting pathogen hotspots, potentially reducing hospital-acquired infections.

What are the plans for validating the effectiveness of Applied UV's systems?

Mount Sinai plans to publish validation results in an academic paper later this summer.

What is the significance of the partnership between Applied UV and Mount Sinai Morningside?

This partnership enhances Applied UV's credibility and trust in its disinfection solutions within the healthcare sector.

Applied UV, Inc.

NASDAQ:AUVI

AUVI Rankings

AUVI Latest News

AUVI Stock Data

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