Applied
UV Retains Quantiva™ to Integrate AI and
Machine Learning Capabilities into its
PURONet™
and
Airocide™ Systems
Expected by Q4 2023,
PURONet ™ and Airocide™
to Help
Address
Estimated $400
Billion a Year Post Harvest Crop Lost Due
to Spoilage Along Supply Chain
Mount
Vernon, NY -- June 15, 2023 -- InvestorsHub NewsWire
-- Applied
UV, Inc. (Nasdaq:
AUVI) ("Applied UV" or
the
"Company"), a leading
provider of advanced food security and air and surface disinfection
technology, , has engaged
Quantiva™, a provider
of AI-driven consulting and software
engineering services and solutions,
to support the further
development and expansion of the Company's proprietary indoor air
quality monitoring software, PURONet™.
The initial objective of the collaboration is
to leverage Machine Learning and Artificial Intelligence to expand
the capabilities of Applied UV's flagship brand,
Airocide™, a patented air
purification technology originally co-developed by the University
of Wisconsin for use by NASA to grow crops in
space. The Airocide™
proprietary technology eliminates airborne pathogens including
bacteria, viruses, pollen, mold, yeast, allergens, VOCs, and odors
and is known globally for its ability to remove ethylene by
utilizing Photo-catalytic
Oxidation. It is currently used extensively in the post-harvest
food preservation supply-chain with global end users such as
Delmonte, Whole Foods and Esmerelda Farms to name a
few. According to
the Food and Agriculture Organization of the United Nations and
there is a world-wide estimated $400 billion per year a
post-harvest crop loss due to Spoilage along
the supply chain.
Quantiva™ is working with
Applied UV to harness the power of diverse data inputs and
Artificial Intelligence for integration into both the Company's
existing PURONet indoor air monitoring and control software, and
the Company's Airocide™ product line.
This more advanced product offering is
expected to improve outcomes in the logistical supply chains of
growers to distributors, transportation companies, and grocers;
significantly reducing the magnitude of food spoilage and loss
which adversely impacts countries, companies, and consumers around
the world.
Applied UV Founder, CEO and Director Max Munn
stated, "We are excited about the opportunity to
collaborate with Quantiva™ to advance the
development of our proprietary PURONet™ indoor air monitoring
software, particularly in the rapidly growing field of food
preservation and food security.
The impact of crop loss is felt all around
the world, and we believe our proven Airocide™ brand can help
mitigate this loss, improving societal outcomes
globally. We look forward
to our next-generation product launch which we anticipate being
completed in late 2023."
According to
Quativa™ Co-Founder and
Managing Director Tammo Mueller, "Our quantitative approach to
decision-making involves defining and analyzing opportunities and
challenges and delivering effective solutions through a rational,
systematic, and scientific process, based on data, facts, and
logic. The opportunity to address this global post-harvest problem
is at the very core of our values, improving societal
outcomes. We look forward
to working closely with the team at Applied UV."
In a March 2023 presentation , Maximo Torero
Cullen, Chief Economist of the United Nations Food and Agriculture
Organization (FAO), detailed that approximately $400 billion of
food is lost each year between harvest and
retail. Moreover, a
staggering 31.15% of all fruits and vegetables are lost globally
due to high perishability and a lack of adequate intervention
strategies. The majority of these perennial crop losses are due to
spoilage and the effects ethylene has in the degradation of high
value crops all along the supply chain.
Mr. Torero predicted that solutions to the
global challenge of food loss and waste will require the deployment
of context-appropriate and resource efficient technologies together
with innovation down the food chain that leverages the collection
and real-time utilization of a broad array of economic and
environmental data.
For more information about
the presentation, click on the following link:
https://issuu.com/horticulturaposcosecha/docs/maximo_torero_cullen_current_status_of_food_loss_a
About
Quantiva™
Quantiva empowers
businesses with groundbreaking AI-driven solutions and strategic
product development, facilitating innovative growth and agility in
regulated environments. Quantiva's team of business-focused
technologists have provided consulting and software engineering
services for a long list of companies including such names as
Institutional Shareholder Services (ISS), Siemens, UP Medical,
Quantitative Radiology Solutions, and The United
Nation. Quantiva™ is a
hands-on, full product lifecycle technology consultancy &
digital transformation solution provider with expertise in
delivering innovation strategies tailored for multiple industries.
Quantiva's business category focus includes Banking/Finance,
Commerce, Healthcare, Media Ownership & Royalty solutions,
Supply Chain Management, and Critical Infrastructure
solutions. Quantiva™ partners with
clients to formulate business and product strategies all the way to
final implementation, to reimagine processes and platforms to
maximize efficiency, ensure legal compliance, and deliver maximum
ROI. For more information on
Quantiva, please visit
https://www.quantiva.co/
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About Applied
UV
Applied UV, Inc.,
provides proprietary surface and air pathogen elimination and
disinfection technology focused on Improving Indoor Air Quality
(IAQ), specialty LED lighting and luxury mirrors and commercial
furnishings all of which serves clients globally in both the
commercial and retail segments. For information on Applied UV,
Inc., and its subsidiaries, please visit
https://www.applieduvinc.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. References and
links to websites have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
For additional Company
Information:
Applied UV
Inc.
Max Munn
Applied UV Founder, CEO &
Director
max.munn@sterilumen.com
Investor Relations
Contact:
TraDigital IR
Kevin
McGrath
+1-646-418-7002
kevin@tradigitalir.com
