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.
Applied UV, Inc. (AUVI) has appointed Joseph (Jos) Luhukay to its Board of Directors, enhancing its executive leadership team. Luhukay brings over 40 years of experience from prominent roles in international banking and advisory, including as a former Ernst & Young partner. His extensive background includes overseeing significant portfolios and driving growth strategies for major financial institutions in Indonesia. Luhukay's expertise aims to support Applied UV's global market expansion of its air purification solutions, particularly in healthcare and food production sectors.
Applied UV, Inc. (NasdaqCM: AUVI) reported its Q1 2022 financial results, highlighting a 45.1% increase in net sales to $3,356,090, driven largely by its Disinfection segment. However, gross profit as a percentage of sales decreased to 34.2% due to rising costs and customer mix. Operating expenses surged to $3,101,226, primarily from expanding the Disinfection segment through acquisitions. The company recorded a net loss of $1,649,872, up from a loss of $1,032,951 a year earlier. The financial report reflects ongoing investments amidst challenges in the Hospitality segment.
Applied UV, Inc. (NASDAQ: AUVI) has announced the appointment of Monica Woo to its Board of Directors to support its global market expansion in pathogen elimination technology. Woo brings extensive experience from Fortune 100 companies, notably her past role as President of 1-800-Flowers. Her strategic insights are expected to enhance the company's growth, particularly in the air purification sector. CEO John Andrews emphasized Woo's valuable contributions to recent marketing initiatives, showcasing confidence in her ability to elevate the company's position in the industry.
Applied UV, Inc. (AUVI) will host an investor conference call on May 24, 2022, at 9:00 am ET, to discuss its first-quarter financial results. The results will be released on May 23, 2022, after market close. Investors can access the live webcast via the company’s website. Applied UV specializes in pathogen elimination technology, utilizing UVC light for disinfection in healthcare and hospitality settings. The company's Lumicide and Airocide products target high-traffic areas, enhancing safety by eliminating pathogens effectively.
Applied UV, Inc. (AUVI) has announced that its subsidiary, Sterilumen, will provide air purification solutions under a multi-million dollar contract with DA International for non-public schools in Washington State. This initiative is part of the US government's
Applied UV, Inc. (NASDAQ: AUVI) announced a significant development involving its subsidiary MunnWorks, which has secured a model room order from The Renaissance Cleveland Hotel. This order, funded by the hotel developer, could lead to a follow-up order of
Applied UV, Inc. (AUVI) announced a new marketing campaign targeting the $20B North American cannabis market in recognition of World Cannabis Day. Its subsidiary, Sterilumen, launched this initiative alongside a redesigned website for Airoclean420, aimed at educating cannabis growers about air quality. The campaign will include leads-generation ads and participation in the Cannabis Conference in Las Vegas on August 23-25, 2022. CEO John F. Andrews emphasized the importance of air purification for maximizing cannabis yields and mitigating pathogen risks.
Applied UV, Inc. (AUVI) has announced a cash dividend of $0.21875 per share for its 10.5% Series A Cumulative Perpetual Preferred Stock (AUVIP). This return of capital is scheduled for payment on May 16, 2022, to shareholders on record as of the close of business on May 4, 2022. The company specializes in pathogen elimination technology using UVC light and bioconversion methods for air purification, targeting markets such as healthcare and hospitality.
Applied UV, Inc. (AUVI) has appointed John F. Andrews as the new Chief Executive Officer and Board member. With over 30 years of experience, Andrews has a strong background in leading companies to strategic exits and raising capital. Chairman Joel Kanter expressed optimism about Andrews' leadership in advancing the firm's growth in the air purification sector, aided by favorable government initiatives. Applied UV focuses on pathogen elimination technologies and aims to leverage its products to meet growing market demands.
Applied UV, Inc. (AUVI), a leader in pathogen elimination technology, shares a shareholder letter reflecting on its 2021 achievements and outlining objectives for 2022. Key milestones include a $5.8 million IPO, $7.3 million follow-on offering, and successful acquisitions, enhancing its pathogen disinfection platforms. The global air purifier market is projected to grow from $9.24 billion in 2021 to $22.84 billion by 2030. The company's products are utilized by notable clients, including Walmart and healthcare organizations. They emphasize ongoing expansion and innovation in air quality improvement.
FAQ
What is the current stock price of Applied UV (AUVI)?
What is the market cap of Applied UV (AUVI)?
What does Applied UV, Inc. specialize in?
What is the Fighter Flex LED solution?
Where is Applied UV, Inc. headquartered?
What markets does Applied UV serve?
What recent partnerships has Applied UV entered into?
What is the PURONet Control System?
What is the significance of the Larimar City & Resort project?
How does Applied UV's UVC LED technology benefit HVAC systems?
What recent patent application did Applied UV file?
How is Applied UV contributing to energy efficiency?
