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
- Introduction of pulse modulated UVC LED enhancement at the AHR Expo received an overwhelmingly positive response
- Expected annual sales opportunity in the hundreds of millions of dollars
- Finalizing distribution agreements with major smart building technology brands
- Selected for the GSA Green Proving Ground Program
- Proven reduction of energy consumption by 5-15% with the patented UVC LED system
- Recognition from a major federal agency for commitment to innovation and sustainability
- None.
Applied UV Inc.’s introduction of a pulse modulated UVC LED enhancement represents a significant technological advancement in the smart building technology sector, particularly within the HVAC industry. The potential for energy efficiency and maintenance cost reduction aligns with the current market trend towards sustainable and cost-effective solutions. The positive reception at the AHR Expo and the involvement of major federal agencies like the GSA and DOE indicate a strong market validation and potential for widespread adoption.
Considering the size of the HVAC market and the emphasis on energy savings and sustainability, the projected annual sales in the hundreds of millions of dollars are plausible. The shift from traditional mercury vapor UVC bulbs to LED technology is a part of a broader trend towards LED lighting, which has been gaining momentum due to its energy efficiency and longer lifespan. Applied UV Inc.'s patented technology and federal recognition could position the company as a leader in this niche, potentially affecting competitors and catalyzing further innovation within the industry.
The announcement of Applied UV Inc.'s pulse modulated UVC LED enhancement could have a substantial impact on the company's financial performance. The estimated energy savings of 5-15% for HVAC systems is a compelling value proposition for property owners, particularly in light of rising energy costs. The potential for significant energy savings, coupled with reduced maintenance costs, suggests a strong return on investment for customers, which can drive rapid market adoption and revenue growth for Applied UV Inc.
Furthermore, the selection of Applied UV's technology by the GSA and DOE for the Green Proving Ground Program not only serves as an endorsement but also opens the door to government contracts, which can provide a stable revenue stream and enhance the company's credibility in the market. Investors should monitor the company's progress in finalizing distribution agreements and the subsequent market penetration rates as indicators of the company's financial trajectory.
The environmental implications of Applied UV Inc.'s innovative pulse modulated UVC LED technology are noteworthy. By providing a mercury-free alternative to traditional UVC solutions, the company is addressing a critical aspect of environmental sustainability. The reduction of hazardous waste associated with mercury vapor bulbs is aligned with global environmental regulations and initiatives aimed at reducing toxic substances in commercial applications.
The technology's ability to reduce energy consumption significantly contributes to the reduction of carbon footprints for buildings, a key factor in combating climate change. The federal trial of this technology by the GSA underlines its potential to set new standards in sustainable building management and could influence broader industry practices. The long-term benefits of this technology could extend beyond immediate energy savings, potentially influencing policy and regulatory frameworks in favor of more sustainable HVAC solutions.
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.”
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
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 Stern
Bstern@purolighting.com
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FAQ
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