Applied UV

Applied UV, Inc. engages the development, acquisition and commercialization of technology that addresses air purification and infection control in the healthcare, hospitality, commercial, municipal, and residential markets. It operates through following segments: Disinfection, Hospitality, and Corporate. The Disinfection segment designs, manufactures, assembles, and distributes automated disinfecting mirror systems for use in hospitals and other healthcare facilities. The Hospitality segment manufactures fine mirrors specifically for the hospitality industry. The Corporate segment represents expenses primarily related to corporate governance, such as board fees, legal expenses, audit fees, executive management, and listing costs. The company was founded on February 26, 2019 and is headquartered in Mount Vernon, NY.

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Boeing

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NEW YORK, NY / ACCESSWIRE / April 1, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $2.76 Million Registered Direct and Private Placement Priced at the Market for Applied UV, Inc. (NASDAQ:AUVI). About Applied UV, Inc. Applied UV, Inc., through its subsidiaries, develops, acquires, markets, and sells proprietary surface and air disinfection technology products in the United States, Canada, and Europe.

Aegis Capital Corp. Acted as Exclusive Placement Agent on a $2.76 Million Registered Direct and Private Placement Priced at the Market for Applied UV, Inc. (NASDAQ: AUVI)

NEW YORK, NY, April 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV, Inc. (NASDAQ: AUVI) (the “Company”), a leader in smart building technology solutions, today announced the closing of its previously announced registered direct offering and concurrent private placement with institutional investors. The Company issued shares of common stock of the Company (“Common Stock”) and pre-funded warrants (“Pre-Funded Warrants”) in a registered direct offering. In a concurrent private placement, the Company also issued common warrants (“Common Warrants”) to the same investors. Aggregate gross proceeds to the Company from both transactions were approximately $2.76 million. The transactions closed on April 1, 2024.  The transactions were priced at the market under Nasdaq rules.

Applied UV, Inc. Announces Closing of $2.76 Million Registered Direct and Private Placement

NEW YORK, NY, March 27, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV, Inc. (NASDAQ: AUVI; AUVIP) (“Applied UV” or the “Company”), a leader in smart building technology solutions, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of common stock of the Company (“Common Stock”) and pre-funded warrants (“Pre-Funded Warrants”) in a registered direct offering. In a concurrent private placement, the Company also agreed to sell to the same investors, common warrants (“Common Warrants”). Aggregate gross proceeds to the Company from both transactions are expected to be approximately $2.76 million, the maximum availability under the effective shelf registration statement.

Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules

Aligns with Company's strategic focus on bringing to market state-of-the-art advanced disinfection systems NEW YORK, NY, March 11, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV, Inc. (“Applied UV” or the “Company”) (Nasdaq: AUVI), a leader in smart building technology solutions, today announced that its SteriLumen subsidiary has filed a new patent application with the United States Patent and Trademark Office (“USPTO”) entitled "Disinfection System Comprised of Multiple Wavelengths Each Controlled Optimally" with claims pertaining to a method of integrating disinfection systems uniquely designed to optimize environmental cleanliness across different rates of occupancy within healthcare settings, especially operating rooms. Management estimates the annual market size to be in excess of $150M per year with roughly 4,000 operating rooms renovated annually in the United States.

Applied UV's Subsidiary Files Patent Application for New Industry Disruptive Integrated Disinfection System for Healthcare Facilities

Max Munn, CEO of AUVI, states: “We estimate that potential revenues from this project could total $250 Million to $300 Million over the next 3 to 6 years.”   AUVI subsidiaries (MunnWorks, SteriLumen & LED), in talks with the developer to supply UV disinfection, energy saving smart building control solutions and custom interiors.

Applied UV, Inc. to Develop Smart Building Technologies for Larimar City, a New Luxury Development With Six Hotels and 20,000 High-end Residences - Potential Revenues Could Total $250 Million to $300 Million

DENVER, CO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV Inc. (NASDAQ: AUVI), a leader in smart building technology solutions, announced the introduction of its industry disruptive pulse modulated UVC LED enhancement (US # 63/623,789, Filed January 22, 2024) to its Fighter Flex LED solution at the AHR Expo [ the premier international HVAC technology trade show] which ended on January 24th, 2024. The overwhelming response to our exhibited LED system was extremely positive, and as Max Munn, AUVI CEO, states, “We believe this market likely holds an annual sales opportunity in the hundreds of millions of dollars.”

Applied UV Inc. Announces Receipt of Provisional Patent for Our Pulse Modulated UVC LED System to be Added to Our Patented Fighter Flex LED Solution Expanding Significant Revenue Opportunity

MT VERNON, NY, Jan. 16, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Applied UV Inc. (NASDAQ: AUVI), a leader in innovative and industry disruptive solutions across various sectors, is pleased to announce significant revenue in its Smart Building Technologies division.  Recent strategic investments in LED Supply Co. will yield substantial sales in 2024, with the division poised to contribute $10 million in sales from just three nationally recognized accounts in 2024.  With approximately $3M of this $10 million in orders already received from these industry leaders, it is expected that this division will assist in driving AUVI toward positive cash flow.  These orders constitute a fraction of AUVI's expected revenues for 2024.

Applied UV Inc. Announces Receipt of Significant Orders in Smart Building Technologies Division

Shares of smart building technology solutions provider Applied UV (NASDAQ: AUVI ) popped substantially higher on Friday on encouraging news. Earlier in the morning, management announced the launch of its groundbreaking Fighter Flex LED solution.

Why Is Applied UV (AUVI) Stock Up 30% Today?

DENVER, CO, Jan. 12, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Applied UV Inc. (NASDAQ: AUVI), a leader in smart building technology solutions, is excited to announce the launch of its groundbreaking Fighter Flex LED solution at the upcoming AHR Expo on January 22nd. This disruptive technology is set to redefine energy efficiency in heating, ventilation, and air conditioning (HVAC) systems across the industry. Applied UV Inc. is finalizing distribution agreements with several major international smart building technology brands. The Fighter Flex LED technology was selected by the GSA and DOE for the GSA Green Proving Ground Program.

Applied UV Inc. Announces Launch of Patented Fighter Flex LED Solution Opening Significant Revenue Opportunity

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New organizational structure to maximize revenue opportunities and reduce costs across several operating units Cost saving initiatives are expected to reduce ongoing operating expenses in excess of $1 million annually beginning in January 2024; Management expects the Company's operating units to be cash flow positive in the second quarter of 2024 NEW YORK, NY, Dec. 18, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV, Inc. (“Applied UV” or the “Company”) (Nasdaq: AUVI), a leader in global food security, air quality, and specialty building solutions today announced the successful integration of its PURO and Airocide businesses into its Sterilumen subsidiary to optimize its portfolio, reduce costs, deliver margin expansion and drive sustainable shareholder value creation. The Company believes the PURO and Airocide integration and other cost saving initiatives previously completed are expected to reduce ongoing operating expenses annually by approximately $1 million beginning in fiscal 2024.

Applied UV Announces Successful Integration of Its PURO UV Disinfection and Airocide Food Preservation Units to Optimize Cost Reduction and Expand Global Growth Opportunities

NEW YORK, NY, Dec. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Applied UV, Inc. (“Applied UV” or the “Company”) (Nasdaq: AUVI), a leader in global food security, air quality, and specialty building solutions today announced an innovative collaboration with Silver Cross Hospital in New Lenox, Illinois, for the implementation of the groundbreaking Far-UVC Puro Protect 222nm fixtures in the hospital's Sterile Processing Department (SPD). This significant initiative positions Silver Cross Hospital as a national leader in adopting advanced technology to ensure patient and staff safety.

Applied UV, Inc. and Silver Cross Hospital Illuminate the Future of Healthcare With Innovative Far-UVC 222nm Technology

NEW YORK, NY, Dec. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Applied UV, Inc. (“Applied UV” or the “Company”) (Nasdaq: AUVI), a leader in global food security, air quality, and specialty building solutions, today announced that it will effect a 1-for-25 reverse stock split (“Reverse Stock Split”) of its issued and outstanding common stock, par value $0.0001 per share (“Common Stock”). The Reverse Stock Split will become effective at 12:01am, Eastern Time, on December 12, 2023. As of that time, each 25 shares of issued and outstanding Common Stock will be converted into one share of Common Stock. Proportional adjustments also will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the Company's stock incentive plans and certain existing agreements. The Reverse Stock Split will not change the par value of the Common Stock, nor change the total number of authorized shares or shares issued and outstanding of preferred stock or any series of preferred stock. No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up. The Reverse Stock Split will affect all common stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity.

Applied UV Announces 1-for-25 Reverse Stock Split

NEW YORK, NY, Nov. 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV, Inc. (NASDAQ: AUVI), a leader in global food security, air quality, and specialty building solutions today announced that its MunnWorks subsidiary, has furnished Dollywood's HeartSong Lodge & Resort with lighted and decorative mirrors, and custom vanities.

MunnWorks, Applied UV's Subsidiary, Enhances Dollywood's HeartSong Lodge & Resort With Lighted & Decorative Mirrors, and Custom Vanities

NEW YORK, NY, Nov. 17, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV, Inc. (NASDAQ: AUVI), a leader in global food security, air quality, and specialty building solutions today announced financial results for the third quarter and nine months ended September 30, 2023.

Applied UV Announces Third Quarter 2023 Financial Results, Revenue Increases to $11.4 Million, Adjusted EBITDA (non-GAAP) Improves 30.8% Year Over Year

NEW YORK, NY / ACCESSWIRE / November 16, 2023 / Aegis Capital Corp. acted as Sole Bookrunner on a $6.4 Million Underwritten Public Offering for Applied UV, Inc. (NASDAQ:AUVI). About Applied UV, Inc. Applied UV, Inc. provides proprietary surface and air pathogen elimination and disinfection technology focused on improving indoor air quality, specialty LED lighting and luxury mirrors and commercial furnishings, all of which serve clients globally in both the commercial and retail segments.

Aegis Capital Corp. Acted as Sole Bookrunner on a $6.4 Million Underwritten Public Offering for Applied UV, Inc. (NASDAQ:AUVI)

MOUNT VERNON, NY, Nov. 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Applied UV, Inc. (Nasdaq: AUVI; AUVIP) (“Applied UV” or the “Company”), a global leading provider of advanced food security and air and surface disinfection technology, today announced the closing of a underwritten public offering with gross proceeds to the Company of approximately $6.4 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 million. The base offering consisted of 42,666,666 units or pre-funded units (the “Units”), each Unit consisting of one share of common stock (“Common Stock”) or one pre-funded warrant (“Pre-Funded Warrant”) to purchase one share of Common Stock in lieu thereof, one-tenth (1/10) of a Series A warrant (“Series A Warrant”) to purchase one share of Common Stock at an exercise price of $1.50 per share and one-tenth (1/10) of a Series B Warrant to purchase one share of Common Stock at an exercise price of $3.00 per share (“Series B Warrant” and, together with the Series A Warrant, the “Warrants”). The Units were offered at a price of $0.15 per Unit. The purchase price of each Unit including a Pre-Funded Warrant is equal to the price per Unit including one share of Common Stock, minus $0.00001, and the remaining exercise price of each Pre-Funded Warrant is equal to $0.00001 per share. The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. The Company used some of the net proceeds from this offering for repayment of a note, and intends to use the rest of the net proceeds for general corporate purposes, including working capital.

Applied UV Announces Closing of $6.4 Million Upsized Underwritten Public Offering

MOUNT VERNON, NY, Nov. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV, Inc. (Nasdaq: AUVI; AUVIP) (“Applied UV” or the “Company”), a global leading provider of advanced food security and air and surface disinfection technology, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $6.4 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 million. The base offering consists of 42,666,666 units or pre-funded units (the “Units”), each Unit consisting of one share of common stock (“Common Stock”) or one pre-funded warrant (“Pre-Funded Warrant”) to purchase one share of Common Stock, one-tenth (1/10) of a Series A warrant (“Series A Warrant”) to purchase one a share of Common Stock and one-tenth (1/10) of a Series B Warrant to purchase one a share of Common Stock (“Series B Warrant” and, together with the Series A Warrant, the “Warrants”), at an offering price of $0.15 per Unit. The purchase price of each Unit including a Pre-Funded Warrant will be equal to the price per Unit including one share of Common Stock, minus $0.00001, and the remaining exercise price of each Pre-Funded Warrant will equal $0.00001 per share. The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. The Company intends to use the net proceeds to us from this offering for the repayment of notes, and for general corporate purposes, including working capital.

Applied UV Announces Pricing of $6.4 Million Upsized Underwritten Public Offering

NEW YORK, NY, Nov. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire  -- Applied UV, Inc. (NASDAQ: AUVI), a leader in global food security, air quality, and specialty building solutions today announced preliminary financial results for the third quarter and nine months ended September 30, 2023, and reiterated its previous guidance of approximately $45 million in revenue for 2023.

Applied UV Announces Selected Preliminary Third Quarter 2023 Financial Results

NEW YORK, NY, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Applied UV, Inc. (NASDAQ: AUVI), a leader in global food security, air quality, and intelligent building solutions, today announced its participation at the Gulfood Manufacturing event underway in Dubai, November 7-9. This event is the preeminent food security trade show in the region, and Sterilumen is exhibiting along with its partner, Batta Environmental (https://battaenv.com/global/). The event brings together top-tier players in the food preservation and safety sector, providing a robust platform for the unveiling of ground-breaking technologies that address the region's unique climate related challenges.

Applied UV's Subsidiary, Sterilumen, Launches New Air and HVAC Disinfection Solutions at the Dubai Gulfood Manufacturing Trade Show

NEW YORK, NY, Nov. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Applied UV Inc., (NASDAQ: AUVI), a pioneer in UV food security and disinfection technology, today announced the recent approval of patent US 11,788,265 B2 for its "INTERCHANGEABLE DRAIN DISINFECTING DEVICE." This patent underscores the Company's commitment to innovation and advancing solutions for healthier and safer environments.

Applied UV Inc. Secures New Patent Approval From the USPTO for Interchangeable Drain Disinfecting Device Undergoing Validation at Mt Sinai Hospital

Patent awards strengthen the Company's position in disinfection technology NEW YORK, NY, Oct. 30, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Applied UV Inc. (NASDAQ: AUVI), a pioneer in UV disinfection technology, is elated to announce today that the United States Patent and Trademark Office (USPTO) issued a patent US 2023/0059472 A1 for the Company's Airo™ Vortex, encompassing advanced disinfection capabilities and Photocatalytic Oxidation (PCO). Concurrently, the Company also received publication notice on its Fighter Flex™ LED In a groundbreaking development, Applied UV Inc. is thrilled to announce the recent approval of a new patent for its Fighter Flex™ HVAC system.

Applied UV Inc. Granted Significant New Patents by USPTO and Enters Into Strategic Partnership With Canon Virginia, Inc.

Applied UV (NASDAQ: AUVI ) stock is rising higher on Friday following the launch of its new Airocide Pro+ product. Airocide Pro+ is a product designed to aid with food preservation and purification.

Why Is Applied UV (AUVI) Stock Up 42% Today?

Removing Ethylene, a Gas Produced Naturally, is Critical to Reduce Ripening, Aging and Spoilage of Fruits and Vegetables Applied UV's Patented and Proprietary Photocatalytic Oxidation Technology Removes Ethylene Safely and Effectively Airocide® Pro+ Optimized and Smaller Size is Designed for Refrigerated Truck Trailers, Shipping Containers, Warehouses and Cold Rooms, all of Which Struggle With Concentrations of Ethylene Airocide® Pro+ is Necessary Across the Entire Food Supply Chain From Processing to Distribution and Logistics, Extending Shelf Life, Reducing Spoilage and Improving the Yield on High Value Foods NEW YORK, NY, Oct. 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Applied UV, Inc. (NASDAQ: AUVI), a leader in global food security, air quality, and intelligent building solutions, today announced its new product, the Airocide® Pro+ air purification system for food preservation, will be on display at the Global Produce & Floral Show, October 19 - 21, 2023, booth #3421 at the Anaheim Convention Center in California. The next generation Airocide® Pro+ air purification system was engineered and manufactured through the collaborative efforts of Applied UV and Canon Virginia, Inc. (‘CVI'), a subsidiary of Canon U.S.A.

Applied UV to Introduce Airocide® Pro+ Air Food Preservation Solution Designed to Control Ethylene Levels and Extend Shelf Life at the Global Produce & Floral Show, Together With Canon Virginia, a Subsidiary of Canon U.S.A.

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