Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating businesses in
consumer packaging, brand protection technology, blockchain
security, direct marketing, healthcare, real estate, renewable
energy, and securitized digital assets, today announced the launch
of DSS PureAir, Inc. (“DSS PureAir”), the Company’s new wholly
owned subsidiary targeting commercial and residential air
purification markets, following a significant investment into
Puradigm LLC, a manufacturer of proactive air and surface
purification solutions that have proven to be safe, scalable and
provide 24/7 protection to all indoor environments.
“We are excited to launch our newest division,
DSS PureAir, to further our vision of securing healthy living,”
stated Frank D. Heuszel, CEO of DSS. “Before COVID-19, the
market for air purifiers was strong, and now growth is accelerating
even more. We are excited to support and partner with Puradigm to
enable us to rapidly enter this growing global market with
best-in-class products.”
The global air purifier market was valued at
$10.7 billion in 2020 and is forecasted to grow at a 10% compound
annual growth rate (CAGR) from 2021 through 2028, according to data
from Grandview Research.
Puradigm’s patented, scalable purification
products actively and safely purify both air and surfaces in any
room. They can be customized for indoor spaces of all sizes,
including homes, offices, schools, restaurants, gyms, hospitals,
assisted living facilities, food processing facilities and more,
and include free standing, wall mounted, HVAC and personal
protection devices.
Puradigm is unique from other disinfection
technologies (chemical cleaning, UV light, vaporized hydrogen
peroxide) because it produces Non-Thermal Plasma (NTP) particles in
very large quantities, which actively purify both air and surfaces
safely, while people are present. These highly energized plasma
molecules kill bacteria and viruses by piercing their cell walls,
similar to a pin pricking a balloon. There are no downtime periods,
chemical handling procedures, harmful residues, room clearance
protocols, manpower requirements or adverse side effects.
Puradigm’s proactive technology has been shown
to be effective against a wide variety of pathogens, including
SARS-CoV-2, H1N1, E. coli, MRSA, Listeria, C. difficile, staph, and
many more. It is the most validated purifier on the market.
A new study from the University of Florida
(“UF”) confirms the efficacy of Puradigm in inactivating
SARS-CoV-2, the virus that causes COVID-19. Researchers
at UF’s Department of Medicine found that Puradigm’s proactive air
and surface purification technology inactivates 73.33% of
infectious high levels of SARS-CoV-2 on stainless steel surfaces
within only 15 minutes of exposure to the technology, 93.3% after
60 minutes, and 97.7% after 4 hours. After 24 hours of exposure to
Puradigm’s proactive technology the study shows the SARS-CoV-2 was
undetectable.
These results are consistent with those of an
independent study done by Central Michigan University and Insight
Research Institute which tested the effectiveness of Puradigm’s
technology on S. aureus, C. difficile and Dengue virus type 2
(DenV-2) used as a surrogate for SARS-CoV-2. Their results showed
that Puradigm’s technology caused a > 99% average reduction in
bacterial growth and a 98.5% average reduction in viral
infectivity. These findings were published in the March 2021
edition of Infectious Disease Reports, an international, open
access peer-reviewed journal that publishes scientific
papers about infectious diseases.
“We are thrilled to be working with DSS PureAir
as our strategic partner for global expansion. Puradigm has seen
its sales pipeline increase more than 500% in the past 12 months
and this investment will allow us to accelerate our product rollout
to multiple key markets around the world,” added James Gabriel, CEO
of Puradigm. “We believe our technology is critical to contain
current as well as future pandemics and can dramatically minimize
contamination in indoor spaces. Most importantly, our
technology can run safely on a continuous basis even in fully
occupied spaces.”
About Puradigm LLC
Puradigm offers proactive air and surface
purification solutions that have proven to be safe and scalable and
provide 24/7 protection for any indoor environment.
Puradigm’s technology is patented around the world and has been
validated by many testing organizations in the reduction of mold,
bacteria, virus, and other harmful pathogens. Puradigm’s
technology is the most validated in the industry and can be
customized for any indoor environment.
For more information on Puradigm
visit http://www.puradigm.com.
About Document Security Systems, Inc.
DSS is a multinational company operating
businesses focused on brand protection technology, blockchain
security, direct marketing, healthcare, real estate, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman and largest
shareholder, Mr. Fai Chan, a highly successful global business
veteran of more than 40 years specializing in corporate
transformation while managing risk. He has successfully
restructured more than 35 corporations with a combined value of $25
billion.
For more information on DSS
visit http://www.dsssecure.com.Investor
Contact:Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking
statements that are made pursuant to the safe harbor provisions
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include, but are not
limited to, statements related to the Company's intended use of
proceeds and other statements that are not historical facts.
Forward-looking statements are based on management's current
expectations and are subject to risks and uncertainties that may
cause actual results or events to differ materially from those
projected. These risks and uncertainties, many of which are beyond
our control, include: risks relating to our growth strategy; our
ability to obtain, perform under and maintain financing and
strategic agreements and relationships; risks relating to the
results of development activities; our ability to attract,
integrate and retain key personnel; our need for substantial
additional funds; patent and intellectual property matters;
competition; as well as other risks described in the section
entitled "Risk Factors" in the prospectus and in our other filings
with the SEC, including, without limitation, our reports on Forms
8-K and 10-Q, all of which can be obtained on the SEC website at
www.sec.gov. Readers are cautioned not to place undue reliance on
the forward-looking statements, which speak only as of the date on
which they are made and reflect management's current estimates,
projections, expectations, and beliefs. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions, or circumstances on which any such statement is based,
except as required by law.
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