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Monday, November 28, 2022

Applied UV

Overview

Back in 2001, the National Human Activity Pattern Survey by the United States Environmental Protection Agency already stated that Americans spend around 90 percent of their time indoors. Author and Stanford University Professor Wayne Ott studied this data from 12 western countries and concluded, “The finding that emerges is that we are basically an indoor species.”

Fast forward to 2020 and the world is hit by a pandemic caused by a highly transmissible, airborne virus that reinforces the need for safe and effective sanitizing solutions to protect facilities, employees and consumers.

Indoor air quality has become an even more important issue as world economies start the recovery process. In 2021, 39 scientists reiterated the need for a “paradigm shift” and called for improvements in, “how we view and address the transmission of respiratory infections to protect against unnecessary suffering and economic losses.”

In addition to this, the global air purifier market size is set to grow exponentially. It was valued at USD 9.24 billion back in 2021 and is predicted to hit around USD 22.84 billion by 2030. According to Precedence Research, the immense demand for air purification and sterilization in the US will be driven by the commercial sector.

Applied UV (NASDAQ:AUVI, AUVIP) is poised to benefit from both increased awareness and commercial demand. The company is focused on innovating new products to combat infections with products covering both airborne particles and surface sterilization and designed for a variety of industries, including healthcare, hospitality and other commercial applications.

Applied UV has two subsidiaries: SteriLumen and Munnworks. SteriLumen has three fully developed and released products that are actively combating pathogens using Photocatalytic Oxidation (PCO) and or advanced UVC sterilization technology. Munnworks, on the other hand, is a legacy company that is still active, however, it is focused on expertly designed backlit mirrors for high-end hospitality businesses.

Applied UV AUVI

The union of these companies has helped ensure the success of both ventures. “By joining forces, we can distribute a combined catalog of SteriLumen and Airocide® products through the Applied UV supply chain and accelerate deal flow in the hospitality, hotel, cruise ship, health care, nursing home, grocery, wine, commercial building and retail sectors,” said Applied UV Interim CEO & Director Max Munn in an interview with INN.

SteriLumen’s products do not create byproducts as HEPA filtration systems do and are independently tested to ensure they are continually effective against COVID-19 variants and other harmful pathogens. SteriLumen’s line of products attack harmful in the air, and pathogens on surfaces, plus the SteriLumen app for asset management that provides data-driven disinfection insights.

A strong management team leads Applied UV with experience in R&D, corporate finance, and various healthcare sectors, providing a stable foundation for the company to scale and grow. Interim CEO and Director Max Munn, Mike Riccio Chief Financial Officer, Interim Chief Operating Officer John Hayman III and Chairman Joel Kanter are respected in their specialties and have already demonstrated their expertise by building Applied UV to where it is today.

Company Highlights

  • Applied UV is creating strategic products that cater to a direct market need, both during the pandemic and in a post-pandemic world where health and safety continue to be top priorities.
  • Applied UV’s patent portfolio covers 62 patents granted and pending in the United States, Canada, Europe, Australia, South America, and Asia. Applied UV continues to expand this.
  • Applied UV has two subsidiaries, SteriLumen and Munnworks.
  • Applied UV has acquired all of the rights to all of Scientific Air’s patented, air disinfection and purification technologies.
  • Applied UV received an initial order from the Tennessee Department of Correction for Scientific Air S-400 for use in its Prison and Correctional Facilities.
  • Applied UV’s Airocide® is technology developed for NASA and is used by globally recognized brands. such as Del Monte, Whole Foods, Supervalu, Walmart and the Boston Red Sox’s Fenway Ballpark.
  • CUBRC INC, an independent scientific not for profit testing laboratory, confirmed by a reputable Biosafety Level III Laboratory, Lumicide is proven to kill 99.9% of SARS-CoV-2 (COVID) within minutes.
  • An independent study by MRIGlobal, an independent not-for-profit, contract research organization concluded that Airocide’s HD Air Purification System was proven to kill SARS-CoV-2 (COVID-19)
  • Since 2015, Hungary’s leading wine technology company, Cellarius, has installed Airocide® systems in more than 100 wineries in Europe.
  • The US Army has installed Airocide® systems at its Aberdeen Proving Ground facility in Maryland, with the potential for future opportunities in other facilities.

Key Air Disinfection Products

Airocide® / ScientificAir

Airocide® was originally developed for NASA by the University of Wisconsin, and was named a 2014 Gold Edison Award Winner. Has been featured on a number of media such as Fox News, CNN, Maxim and others. Airborne pathogens are a major problem and these two products attack them head-on.

Applied UV Airocide

ScientificAir is a larger unit for use in commercial spaces, like venues, airports and nursing homes. Meanwhile, Airocide® is designed for smaller rooms where aesthetics matter. Both products produce no harmful byproducts and are designed to produce safe, clean air.

Applied UV ScientificAir

Product Highlights:

  • Actively In Use: Airocide® is currently used by cold storage, distribution centers, retail stores, food processors, wineries, dental facilities and healthcare.. ScientificAir is in use in hospitals around the country, such as NYU Medical Center, Baptist Health South and Kaiser Permanente.
  • Laboratory Validated 99.99 Percent Kill Rate: Both products have been independently tested and evaluated by multiple laboratories and healthcare institutions and have demonstrated a 99.99 percent kill rate on viruses, mold, bacteria, odors and VOCs. MRIGlobal, Texas A&M and NASA have evaluated these products.
  • Ongoing Development: Applied UV aims to deliver new products that provide better coverage in the second half of 2022, with the goal to give customers the option to purchase one larger unit for coverage as opposed to multiple smaller units.

Lumicide

Applied UV Lumicide

Lumicide™ has two products that use similar UV technology to attack harmful pathogens on surfaces. The Lumicide™ Ribbon is a long UV light designed to sterilize surfaces and is the only known UVC solution ETL certified for safe operation while people are present in the room. The Lumicide™ Drain complements the Lumicide™ Ribbon and disinfects sinks and drains. Independent scientific not-for-profit testing laboratory CUBRC, Inc., confirmed that the SteriLumen Lumicide™ Ribbon kills SARS-CoV-2 (COVID-19 Virus).

Product Highlights:

  • Configurable Options: The Lumicide™ Ribbon can be configured to be placed in restrooms, countertops, or restrooms.
  • Intentionally Overpowered: The Lumicide™ Ribbon generates 35 times the energy required to kill pathogens during a disinfection cycle, while the Lumicide Drain generates nine times the energy required.
  • Eco-Friendly LEDs: It’s no secret that LEDs are better for the environment than their traditional counterparts. Applied UV uses LEDs to create a safer and more eco-friendly solution than other UV sterilization systems.

SteriLumen App

Every modern system should have a dashboard for easy monitoring and asset management, so Applied UV created SteriLumen App to manage all Applied UV devices, including providing smart management and essential reporting solutions.

Project Highlights:

  • Required Reporting: Customers will have access to every device throughout the organization, along with disinfection efficacy reporting.
  • Easy Management: Every device throughout the enterprise can be configured with a custom disinfection schedule and even offers remote monitoring and disinfecting.
  • Intelligent Maintenance: SteriLumen App includes fault detection, automatic system updates and lifecycle alerts.

Management Team

Max Munn - Interim CEO & Director

Max Munn – Interim CEO & Director

Max Munn has held this position at Munn Works for over 20 years. Munn is also Co-chairman of Dieu Donne Inc., a not-for-profit and a leading, world-recognized atelier wherein dimensional, handmade paper is utilized in the making of art. Munn attended MIT from 1961-to 1966, majored in chemistry and architecture; and received a Bachelor of Architecture degree. Munn also attended Columbia University for post-graduate studies from 1966-1968, working toward a Ph.D. in architectural history.

Michael Riccio - Chief Financial Officer

Michael Riccio – Chief Financial Officer

Mr. Riccio is a highly accomplished CFO who brings an extensive array of financial experience to Applied UV, including a background with global public companies in corporate finance, operations management systems, and corporate M&A planning and integration. Riccio joins Applied UV to oversee the company’s finance team reporting directly to the Chief Executive Officer.

John Hayman III - Interim Chief Operating Officer

John Hayman III – Interim Chief Operating Officer

John Hayman served as Kes Science’s President and CEO for 18 years leading the company’s growth, R&D and new product development. Before Kes, Hayman was an accountant where he earned his COA Certification and ended his tenure as a Certified Public Account with KMPG.

Joel Kanter, Chairman

Joel Kanter, Chairman

Joel Kanter has served as President of Windy City, Inc., a privately-held investment firm, since July 1986. From 1989 to November 1999, Kanter served as the President, and subsequently as the President and Chief Executive Officer of Walnut Financial Services, Inc., a publicly-traded company (NASDAQ:WNUT).




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