Applied UV, Inc. - AUVI STOCK NEWS

Applied UV has announced purchase orders worth $4.55 million, including $2.67 million received and $1.88 million expected by the end of Q2, from The X Company, a leading co-living rental developer. These orders will supply backlit mirrors and LED lighting for X Co.'s portfolio, which currently comprises 5,000 beds and over $1 billion in construction activity. This partnership reflects the successful merger of AUVI with LED Supply Co., allowing for competitive pricing and enhanced product offerings.

Applied UV, Inc. (NASDAQ: AUVI) has announced a cash dividend of $0.21875 per share for its 10.5% Series A Cumulative Perpetual Preferred Stock (NASDAQ: AUVIP). This dividend is set to be paid on or about March 15, 2023, to holders of record as of March 3, 2023. Applied UV is recognized for its proprietary, patented air and surface disinfection technologies, as well as its LED lighting and furnishings. The company serves various markets including healthcare, hospitality, and education through strategic partnerships and a global network of dealers and distributors.

Applied UV, Inc. (AUVI) is investigating potential illegal short selling of its stock, which may impact market integrity. The company has retained Herrick Feinstein LLP and Oyster Consulting to assist in this investigation. CEO Max Munn emphasized the commitment to protect shareholders from illegal trading practices and highlighted the expertise of the consulting team, including former regulatory officials. The investigation aims to ensure transparency and accountability in the trading of AUVI's shares, as such practices could undermine investor trust and the company's financial health.

Applied UV, Inc. (NASDAQ: AUVI) partners with Johnson Controls (NYSE: JCI) and Ushio America, Inc. to explore the efficacy of Far-UVC pathogen deactivation technology. This collaboration aims to assess both the effectiveness of the technology and any potential negative impacts on surrounding air quality. Initiated by leading U.S. universities and certified labs, the study is expected to commence within 3-6 months, with results shared publicly. The research highlights the potential benefits for various sectors including healthcare and education, and could significantly enhance indoor air quality operations.

Johnson Controls (NYSE: JCI) has announced a research collaboration with PURO Lighting, LLC, a subsidiary of Applied UV, Inc. (NASDAQ: AUVI), and Ushio America, Inc. to study the efficacy and safety of filtered far UV-C disinfection technology. The research, set to be conducted by leading U.S. universities and certified laboratories over the next 3-6 months, aims to assess pathogen inactivation effects on indoor air quality. Brian Stern of PURO highlighted the potential market benefits, including improved health and safety in workplaces. Results will be publicly shared to aid customer decisions and inform public policy.

Applied UV, Inc. (AUVI) has engaged Herrick, Feinstein LLP to investigate potential illegal short selling of its stock. The company suspects illegal trading practices that could harm its market integrity. CEO Max Munn expressed concerns over the situation and stated that the firm aims to protect both the company and its shareholders. Herrick Feinstein will be led by Howard Elisofon, a prominent litigator and former SEC attorney. Applied UV utilizes UVC and catalytic bioconversion technology for air purification, serving high-profile clients including Kaiser Permanente and the U.S. Department of Veterans Affairs.

Applied UV, Inc. (AUVI) has successfully completed mergers with Puro Lighting, LLC and LED Supply Co., which are projected to generate combined annualized sales of approximately $45 million to $50 million in 2023. This strategic move positions Applied UV as a leading provider of patented UV disinfection solutions. The integration enhances its market reach, particularly in air quality improvement solutions applicable within HVAC systems. The merger also offers access to a robust distributor network and aligns with national initiatives for clean air, expanding opportunities for revenue growth and customer value.

Applied UV, Inc. (NASDAQ: AUVI) announced a cash dividend of $0.21875 per share for holders of its 10.5% Series A Cumulative Perpetual Preferred Stock (NASDAQ: AUVIP). This dividend is set for payment on or about February 15, 2023, to shareholders on record as of February 3, 2023. The company specializes in pathogen elimination technology, utilizing narrow-range UVC light for effective surface area and air purification. Its subsidiaries, including SteriLumen, offer advanced products to combat infections across various sectors, including healthcare and commercial environments.

Applied UV Inc. (AUVI) has received an order exceeding $400,000 from Fresh Taste Produce for its Airocide air purification systems. This technology is pivotal in prolonging the shelf life of perishable goods by eliminating ethylene and pathogens, contributing to reduced spoilage and cost savings. The CEO highlights a strong demand in the agricultural sector, which could drive revenue growth in 2023. This order reinforces the established relationship between the two companies and underscores Airocide's role in effective food preservation.