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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) announced a cash dividend of $0.21875 per share for its 10.5% Series A Cumulative Perpetual Preferred Stock (AUVIP). This dividend will be paid on or about January 16, 2023, to shareholders of record as of the close of business on January 3, 2023. The company specializes in pathogen elimination technologies, offering solutions for various sectors, including healthcare and public venues. Its products have been adopted by significant organizations globally, enhancing its credibility in the field of infection control.
Applied UV, Inc. (NASDAQ:AUVI) is set to double its size through the strategic acquisition of PURO Lighting, LLC and LED Supply Co., with a combined deal value of approximately $20 million, effective December 19, 2022. These acquisitions are expected to enhance distribution of FDA-cleared disinfection products, aiming for an estimated $18 million in additional revenue within 12 months. The company anticipates generating $45-$50 million in revenues for FY 2023, supported by potential cost synergies that could improve profitability.
Applied UV, Inc. (NASDAQ: AUVI) has signed a strategic manufacturing agreement with Canon Virginia, Inc. (CVI) to enhance its air purification product line. This partnership positions CVI as the primary manufacturer and logistical authority, leveraging its advanced production capabilities. The collaboration aims to achieve significant cost savings, accelerate product development, and streamline manufacturing processes, addressing past supply chain disruptions. This agreement is anticipated to positively impact the company’s operational efficiency and market readiness for its advanced air purification solutions.
Applied UV, Inc. (NASDAQ: AUVI) announced a
Applied UV, Inc. (AUVI) announced a secured revolving credit facility of
MOUNT VERNON, N.Y. -- Applied UV, Inc. (AUVI) announces a 40% Winter Sale on its leading air purification system, Airoclean™ 420, aimed at supporting the $33 billion North American cannabis market. The sale runs until January 31, 2023 and applies to models like Airoclean 420 MAX and Airoclean 420 Home. The Airoclean technology effectively eliminates airborne pathogens, including powdery mildew, while ensuring a safe environment free of harmful emissions. This promotion aims to enhance crop yield for cannabis growers, enabling them to maximize profits during this period.
Applied UV, Inc. (NASDAQ: AUVI) has declared a cash dividend of
Applied UV (AUVI) reported a 65% increase in net sales, reaching $5.9 million for Q3 2022, primarily driven by the Hospitality segment. Despite the revenue growth, gross profit fell by 20.2% to $839,000, attributed to lower margins from higher sales in the Hospitality sector. The company incurred a net loss of $2.7 million, up from $1.1 million a year earlier, reflecting increased SG&A expenses. Applied UV is optimistic about future growth opportunities and expects to close on a $5 million credit line in November.
Applied UV Inc. (AUVI) will host an investor conference call and live webcast on November 15, 2022, at 9:00 am ET, to discuss its third quarter 2022 financial results, which will be released after market close on November 14. Investors can access the webcast through the company’s website. Applied UV specializes in pathogen elimination using UVC light for surfaces and air purification technology to enhance infection control in various sectors including healthcare and hospitality. For more information, visit applieduvinc.com.
Applied UV, Inc. announced
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