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 has completed the acquisition of KES Science & Technology and JJS Technologies for $4.3 million and 300,000 shares. This strategic move enhances their air purification portfolio, leveraging patented technology originally developed for NASA. KES's products are expected to generate $5-7 million in revenue for 2022 and immediately boost earnings per share. The acquisition expands access to markets including food distribution and cannabis, positioning Applied UV for growth in the air purification sector, while consolidating its Airocide brand.
Applied UV (NASDAQ:AUVI) has declared a cash dividend of $0.21875 per share for its 10.5% Series A Cumulative Perpetual Preferred Stock (Nasdaq: AUVIP). This dividend payment is set for October 15, 2021, to shareholders on record by October 4, 2021. The company specializes in infection control technologies, leveraging UVC light and catalytic bioconversion for air purification. Its subsidiaries, SteriLumen and Munn Works, enhance safety in healthcare and commercial environments, addressing critical pathogen threats.
Applied UV has announced the installation of nearly 100 Airocide units in South Korean schools, aimed at enhancing safety as schools reopen amid COVID-19. The company sees potential for further expansion within educational facilities, targeting areas like nurses' rooms and cafeterias. Developed with NASA's technology, Airocide effectively eliminates airborne pathogens and VOCs, ensuring cleaner air for students and staff. This follows previous installations in Uruguay and Switzerland, reflecting the demand for innovative infection control solutions.
Applied UV, Inc. (NASDAQ:AUVI) announced that CEO Q Saeed will present at the virtual H.C. Wainwright Global Investor Conference on September 13, 2021, at 7:00 am EDT. The presentation will focus on the company's innovative infection control technologies utilizing narrow-range ultraviolet light (UVC) and catalytic bioconversion for air purification. Interested viewers can access the presentation on the company's website. Applied UV specializes in solutions for healthcare, hospitality, and other commercial markets to combat pathogens and enhance safety.
Applied UV (NasdaqCM: AUVI) announced on September 8, 2021, that its Vietnam distributor will install Airocide units in Son Tay Hospital and the National Institute of Food Control. This initiative aims to enhance air purification and safeguard patients and staff amidst ongoing health concerns. The Airocide technology, stemming from NASA innovation, employs UVC light for effective pathogen eradication. CEO Q Saeed emphasized the growing international demand for their infection control products as hospitals recognize the system's benefits in communal areas.
Applied UV (NasdaqCM:AUVI) announced a cash dividend of $0.21875 per share for its 10.5% Series A Cumulative Perpetual Preferred Stock, payable on or about September 15, 2021. Holders of record as of September 3, 2021 will receive the payment. The company focuses on infection control technology utilizing UVC light for air purification and surface disinfection, targeting various markets including healthcare and hospitality.
Applied UV (AUVI) announced an 11.1% increase in second-quarter net sales, reaching $1,884,319, attributed to growth in its hospitality subsidiary, MunnWorks. The company raised $13.8 million through a preferred stock offering, strengthening its balance sheet. Despite a net loss of $2,138,232, CEO Q Saeed expressed optimism over future growth, supported by new distribution partnerships and successful pathogen testing of its SteriLumen products against SARS-CoV-2. The company continues to focus on expanding its global presence and enhancing its product efficacy through quality testing.
Applied UV (NASDAQ:AUVI) announced over 100 Airocide® units installed at the U.S. Army's Aberdeen Proving Ground (APG) since 2020 through distributor BATTA Environmental Associates. This partnership aims to enhance infection control and provide cleaner environments for military personnel. The Airocide system utilizes NASA-developed technology to eliminate air pollutants and pathogens. With growing opportunities in U.S. military facilities, Applied UV anticipates expanding its sales in government sectors, further solidifying its market position.
Applied UV announced that its distributor, Cellarius, has installed additional Airocide units in wineries across Greece and Hungary, enhancing air purification to combat mold and pathogens. This latest installation brings the total number of Airocide units in these wineries to nearly 100, contributing to safer environments for staff and visitors. Airocide technology, utilized by over 200 wineries globally, plays a crucial role in preserving wine quality by eliminating harmful microorganisms, thus reducing costly losses for winemakers.
Applied UV, Inc. (NASDAQ:AUVI) announced an investor conference call on August 17, 2021, at 8:30 am EDT to discuss its second quarter financial results. Investors can access the call via a live webcast on the company’s website. A replay will be available for one week post-call. The company focuses on infection control technology using UVC light, targeting healthcare and hospitality sectors. Its subsidiaries include SteriLumen and Munn Works, offering innovative solutions for air and surface purification.
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