Merger is expected to generate combined
annualized sales of approximately $45 - $50 million in 2023,
strengthening the Company as a global leader in patented UV
disinfection solutions
Applied UV, Inc. (Nasdaq CM: AUVI) (“Applied UV” or the
“Company”), a global leader that applies the power of narrow-range
ultraviolet light (“UVC”) for surface areas and catalytic
bioconversion technology for air purification to destroy pathogens
safely, thoroughly, and automatically announces, that it has
completed its previously announced mergers with Puro Lighting, LLC
(“PURO”) and LED Supply Co. (“LED Supply”).
The PURO merger further positions the Company to address a
growing air disinfection market trend that aligns with the White
House “Clean Air Initiatives” implemented during the height of the
COVID 19 Pandemic designed to protect consumers and businesses
against existing and future airborne pathogens allowing economies
globally to remain open. The merged entities have proven
applications that can now be included in improving indoor air
quality (IAQ) at the facility level including HVAC systems in
public, government, municipal, retail spaces and buildings. The
PURO merger positions Applied UV to be one of the only companies in
the world to offer a complete air and surface disinfection platform
that includes consumer, fixed and mobile and commercial
applications that are research backed, clinically tested and, that
are used by global Fortune 100 end users in multiple verticals.
“There are great synergies between current Applied UV companies
and PURO Lighting,” said Max Munn, CEO of Applied UV, Inc. “We each
have deep strengths in various categories and industries, and now
we have complementary category expertise where our portfolio of
products can serve a much broader market. Importantly, these
mergers expand our addressable market significantly, and PURO’s
strong, strategic relationship with Acuity and national
distributors provides us with additional opportunities to advance
our growth agenda and increase returns for our investors.”
Furthermore, the PURO “IAQ” HVAC monitoring software allows
Applied UV to incorporate this application into its entire next
generation air and surface disinfection platforms allowing the
company to “cross the bridge” into the Internet of Things (IoT). By
connecting its devices, this will enable facilities to fully
monitor indoor air quality, further differentiating the company
from its competition.
In addition, the mergers will allow Applied UV to access and
build upon PURO’s existing strong commercial relationship with
Acuity Brands, Inc. (“Acuity”), as well as its distributor network
which includes Grainger Inc., further positioning the company for
significant growth.
Munn continued, “We have an aligned vision for the future, and
every person at the new Applied UV is focused on how to express our
story in terms of customer value, customer service, customer
solutions, technology innovations and product advances.”
Combining the companies creates one of the broadest portfolios
of patented air disinfection and purification technologies capable
of addressing every major commercial market, including hospitals
and assisted living facilities, schools, government and military
buildings, prison systems, hotels, commercial buildings and food
transportation and storage to extend the shelf life of agricultural
products, including cannabis.
The value of the mergers goes beyond having new categories and
successful brands to offer the marketplace. Applied UV will now
have a larger team to collaborate on sales and marketing
strategies, new product development, engineering and potentially
new acquisitions that could lead to revenue growth for investors
and value for customers.
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About Applied UV
Applied UV, Inc. (“AUVI”) develops and acquires proprietary
infection prevention and control technology in the healthcare,
commercial & public venue, food processing/storage, cannabis,
and education, vertical markets. The Company has two wholly owned
subsidiaries - SteriLumen, Inc. (“SteriLumen”) and Munn Works, LLC
(“Munn Works”). SteriLumen owns and markets a portfolio of products
with advanced pathogen elimination technology, branded Airocide® by
SteriLumen, Scientific Air™ by SteriLumen, Airoclean™ 420 by
SteriLumen, and Lumicide™ by SteriLumen.
The Company’s acquisition of Puro Lighting, LLC adds a powerful
monitoring software platform that opens new opportunities to
inter-connect its portfolio of UV technology solutions. The
platform has the potential to elevate Applied UV’s offerings into
the IoT space by providing its customers with both products and
smart tools to manage and monitor indoor air quality across an
enterprise.
Leading organizations globally rely on AUVI’s air purification
systems to completely eliminate airborne and surface infections,
mold, bacteria, allergens and other contaminants. Our customers
include Kaiser Permanente, NY Health+Hospitals, Baptist Health
South Florida, Boston Red Sox’s Fenway Park, JetBlue Park, France’s
Palace of Versailles, Invited Clubs, Whole Foods, Del Monte Foods,
U.S. Department of Veterans Affairs and more.
NASA used Airocide's technology to sanitize the International
Space Station.
Scientifically proven to reduce Healthcare Acquired Infections
(HAI), Scientific Air™ offers a proprietary 3-stage technology
integrating HEPA filters, ultraviolet germicidal light chamber and
active carbon substrate.
For information on Applied UV, Inc., and its subsidiaries,
please visit the following websites:
https://www.applieduvinc.com https://www.sterilumen.com
https://airoclean420.com
Forward-Looking Statements
The information contained herein may contain “forward‐looking
statements.” Forward‐looking statements reflect the current view
about future events. When used in this press release, the words
“anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,”
“plan,” or the negative of these terms and similar expressions, as
they relate to us or our management, identify forward‐looking
statements. Such statements include, but are not limited to,
statements contained in this press release relating to the view of
management of Applied UV concerning its business strategy, future
operating results and liquidity and capital resources outlook.
Forward‐looking statements are based on the Company’s current
expectations and assumptions regarding its business, the economy
and other future conditions. Because forward–looking statements
relate to the future, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict.
The Company’s actual results may differ materially from those
contemplated by the forward‐looking statements. They are neither
statements of historical fact nor guarantees of assurance of future
performance. We caution you therefore against relying on any of
these forward‐looking statements. Factors or events that could
cause the Company’s actual results to differ may emerge from time
to time, and it is not possible for the Company to predict all of
them. The Company cannot guarantee future results, levels of
activity, performance, or achievements. Except as required by
applicable law, including the securities laws of the United States,
the Company does not intend to update any of the forward‐looking
statements to conform these statements to actual results.
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version on businesswire.com: https://www.businesswire.com/news/home/20230126005281/en/
Applied UV Inc. Max Munn Applied UV Inc., CEO
max@munnworks.com
Brett Maas, Managing Principal Hayden IR brett@haydenir.com
(646) 536-7331
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