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
29 Janvier 2024 - 1:00PM
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.”
This disruptive application will redefine energy efficiency and
maintenance cost reduction in heating, ventilation, and air
conditioning (HVAC) systems across multiple industries. The pulse
modulation of the electrical current energizing the UVC LEDs will
significantly increase the life of the system [reducing replacement
cost] and will also significantly reduce the energy utilization
[and thereby reducing energy cost] because pulsing the electrical
current through the LED emitters effectively reduces the amount of
energy utilized. With the above positive response at this trade
show, Applied UV Inc. is finalizing distribution agreements with
major smart building technology brands. Our Fighter Flex LED
technology was selected by the GSA and DOE for the GSA Green
Proving Ground Program. Our positive environmental impact will be
an important selling feature. The GSA alone manages over 363
million square feet of facility space for the federal
government.
Max Munn, CEO of Applied UV, stated, “Our entire team is
extremely excited and motivated by the immense sales potential of
this newly developed system,” Munn remarked. ‘Now that we've seen
this very positive response to our patented Fighter Flex LED system
at this week’s premier HVAC trade show and the patent pending new
pulse modulating enhancement, we are confident that we will capture
a major share of this market. We believe this market likely holds
an annual sales opportunity in the hundreds of millions of
dollars."
Efficiency Gains from UV and Next Gen LED
Utilizing our patented UVC LED system to maintain the efficiency
of HVAC coils has been proven to reduce energy consumption by
5-15%. For an owner of a 100,000 square foot office space, the
integration of UVC technology could equate to approximately $45,000
in energy savings in the first year alone. Additionally, the
reduction of maintenance will significantly increase the financial
benefit to facility ownership. Further meaningful savings will
arise with the implementation and use of our pulse modulation
enhancement in the above system. The very attractive ROI resulting
from the implementation of the above system will become
increasingly apparent to property owners as the cost of maintenance
and the cost of energy continue to increase.
The LED Revolution in HVAC Systems
Applied UV Inc.'s patented UVC LED fixtures offer an improved
alternative to traditional mercury vapor UVC bulbs. Our
state-of-the-art LED fixtures efficiently deliver targeted UVC
illumination only on essential surfaces, avoiding excess electrical
use, while at the same time providing precise dosing control. The
switch to UVC LED fixtures from mercury vapor tubes, which is a
100-year-old technology, can result in very significant additional
energy savings.
Sustainability Meets Innovation
The Fighter Flex LED solution introduces durable,
low-maintenance, and mercury-free emitters, marking a significant
advancement in UVC LED technology. Applied UV Inc.’s commitment to
innovation including the reduction of energy utilization and
providing for cleaner air for a more sustainable environment has
been recognized with a major federal agency [ see above ]
initiating a full trial by the agency of our patent-pending UVC LED
design, signifying a transformative step in UV application for coil
cleaning and air purification within a building’s HVAC systems.
About Applied UV Inc.
Applied UV Inc. is dedicated to developing and acquiring smart
building technologies for healthcare, hospitality, commercial and
municipal markets. With Sterilumen, Munnworks, LED Supply Co, and
PURO, the company has a diverse portfolio that addresses various
needs in the market. Applied UV Inc. is committed to innovation and
excellence in providing solutions for a healthier and smarter
world.
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.Brian SternBstern@purolighting.com
Applied UV (NASDAQ:AUVI)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Applied UV (NASDAQ:AUVI)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024