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. (NASDAQ:AUVI) announced the complete exercise of an over-allotment option for its Series A Preferred Stock, resulting in the sale of an additional 72,000 shares at $25.00 each, generating $1.8 million. This brings total gross proceeds from the offering to $13.8 million for 552,000 shares. The company aims to use proceeds for general corporate purposes, including investments and acquisitions. The Series A Preferred Stock began trading on July 14, 2021, under the ticker symbol AUVIP.
Applied UV (NASDAQ: AUVI) has authorized a cash dividend of $0.21875 per share for holders of its 10.5% Series A Cumulative Perpetual Preferred Stock (NASDAQ: AUVIP). This dividend will be paid on or about August 16, 2021, to shareholders on record as of August 4, 2021. The company focuses on infection control technology, utilizing UVC light for disinfecting surfaces and air purification through its proprietary technologies, including Airocide and Lumicide.
Applied UV, Inc. (NASDAQ:AUVI) announced the installation of additional Airocide® units at Lat Krabang Hospital in Bangkok, enhancing infection control measures amidst the ongoing fight against COVID-19. The hospital now uses a total of 15 Airocide systems, which utilize UVC technology to eliminate airborne pathogens. This installation reflects Thailand's commitment to advancing air purification technology in healthcare. Applied UV aims to strengthen distributor relationships in Southeast Asia to meet increasing demand for infection control products.
Applied UV (NasdaqCM: AUVI) has entered an exclusive distribution agreement with Lootah Batta Water and Environment for its Airocide® air purification systems in the UAE. This partnership leverages LBWE's experience and market familiarity to expand the reach of Airocide products across various sectors, including healthcare and hospitality. The Airocide® system, developed by NASA, is clinically proven to eliminate airborne pathogens and harmful substances.
Applied UV (NASDAQ:AUVI) has successfully closed its public offering of 480,000 shares of 10.5% Series A Cumulative Perpetual Preferred Stock, raising $12.0 million in gross proceeds. Each share has a liquidation preference of $25.00. The company has granted underwriters a 45-day option for an additional 72,000 shares. Proceeds will fund a segregated dividend account for the first 12 monthly dividends and support general corporate purposes, including investments and acquisitions. The shares are expected to trade under the symbol AUVIP starting July 20, 2021.
Applied UV (NASDAQ:AUVI) announced the installation of its Airocide® air purification units at the Palace of Versailles, enhancing pathogen control and protecting valuable art.
The units utilize a patented photocatalytic oxidation process to eliminate harmful microorganisms, ensuring a safer environment for staff and preserving artworks.
This installation reflects the efficacy of Airocide® technology in demanding settings like museums, highlighting its extensive applications in various industries.
Applied UV (NASDAQ:AUVI) has successfully priced its public offering of 480,000 shares of 10.5% Series A Cumulative Perpetual Preferred Stock at $25.00 per share, aiming to raise $12.0 million before expenses. The offering is set to close around July 16, 2021. The company plans to use the proceeds for funding a segregated dividend account and for general corporate purposes, including potential acquisitions. An additional 72,000 shares may be purchased by underwriters within 45 days. Trading of the shares on Nasdaq is anticipated to begin on July 20, 2021.
Applied UV, Inc. (NASDAQ: AUVI) will present at the Ladenburg Thalmann Virtual Healthcare Conference on July 14, 2021, at 12:30 PM ET. The company specializes in infection control technology using narrow-range ultraviolet light (UVC) for surface disinfection and air purification. Their products, including the Lumicide platform and Airocide air purification system, target healthcare and commercial sectors to eliminate pathogens and improve safety. A live webcast of the presentation can be viewed here, with a replay available on their website.
Applied UV has successfully installed its Airocide® air purification technology at Verbier International School in Switzerland. This initiative aims to enhance safety for students and staff amidst ongoing health concerns. The installation serves as a prototype for further expansion of Airocide into European schools. CEO Q Saeed emphasized that this technology offers a clinically proven solution for air pathogen control, crucial for ensuring a safe return to campus as schools prepare for the new academic year.
Applied UV, Inc. (NasdaqCM:AUVI) has announced a public offering of 10.5% Series A Cumulative Perpetual Preferred Stock. The company aims to use the proceeds to fund a segregated dividend account for the first year of dividend payments and for general corporate purposes, including potential investments and acquisitions. The offering is subject to market conditions, and there's no guarantee on its completion. Ladenburg Thalmann & Co. Inc. is the lead manager for the offering.
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