Applied UV's Subsidiary, LED Supply Co., and Its FORTUNE® 500 Technology Partner Awarded Approximately $0.8 million Contract for Comprehensive Lighting & Building Controls Solution for Global Auto Manufacturer's U.S. Facility
June 14 2023 - 7:00AM
via NewMediaWire – Applied UV, Inc. (Nasdaq: AUVI) (“Applied UV” or
the “Company”), a leading provider of advanced food security
and air and surface disinfection technology, announces today in
collaboration with its FORTUNE® 500 technology partner, it has been
awarded a contract valued at approximately $0.8 million. The
contract encompasses comprehensive lighting and building controls
design for a domestic auto manufacturer's U.S. facility. This
contract is a direct result of the Company’s investment in
providing lighting and building solutions for the revival of large
manufacturing facilities in the United States as companies return
their manufacturing to the U.S. in an effort to mitigate supply
chain challenges in importing goods from China.
The project represents a significant milestone for Applied UV
and highlights the Company's commitment to providing advanced
lighting and building controls solutions in the transportation
industry. The collaboration between LED Supply Co. and its FORTUNE®
500 technology partner brings together expertise and innovation to
enhance energy efficiency and sustainability in industrial
settings. The scope of work includes comprehensive lighting and
building control design tailored to the facility's specific
requirements, followed by custom fabrication of state-of-the-art
systems.
By leveraging the latest LED technologies and advanced building
control systems, the collaboration aims to minimize energy
consumption, enhance productivity via state-of-the-art
illumination, and improve overall operational efficiency within
this global auto manufacturer's U.S. facility; the first of several
anticipated projects.
"We are thrilled to be partnering with our FORTUNE® 500
technology partner on this significant contract award from a
prestigious global auto manufacturer," said Max Munn, CEO of
Applied UV. "This contract underscores our commitment to delivering
innovative and sustainable solutions that meet the evolving needs
of the transportation industry."
Follow us on Twitter
About LED Supply Co.
LED Supply Co. is a subsidiary of Applied UV, Inc., specializing
in providing innovative LED lighting and control solutions. With a
reputation for delivering energy-efficient and sustainable building
solutions, LED Supply Co. serves various industries, including
commercial, industrial, and residential sectors.
About Applied UV
Applied UV, Inc. provides proprietary technology focused on
global food security, air quality, and specialty building solutions
for the commercial and hospitality industries.
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
MunnApplied UV Founder, CEO &
DirectorMax.munn@applieduvinc.com
Investor Relations Contact:TraDigital IRKevin
McGrath +1-646-418-7002 kevin@tradigitalir.com
Applied UV (NASDAQ:AUVI)
Historical Stock Chart
From Apr 2024 to May 2024
Applied UV (NASDAQ:AUVI)
Historical Stock Chart
From May 2023 to May 2024