Applied UV, Inc. (NASDAQ: AUVI) was established on February 26, 2019 and is headquartered in Mount Vernon, New York, USA, with 26 full-time employees. The purpose of the company is to acquire all shares in SteriLumen and Munn Works. Applied UV acquired the entire share capital of SteriLumen in March 2019. According to the exchange agreement on July 1, 2019, Applied UV acquired all the membership rights of Munn Works. Applied UV conducts all of its businesses through SteriLumen and Munn Works.
Applied UV, Inc. (AUVI) :
Applied UV is committed to the development and acquisition of infection prevention technologies in the healthcare, hotel, commercial and residential markets. Applied UV products use disinfection technology and the power of narrow light (UVC) to safely, completely and automatically eliminate pathogens.
SteriLumen, a subsidiary of Applied UV:
SteriLumen (sterilumen.com) is a global company dedicated to developing disinfection equipment and technologies to combat acquired infections (acquired infections, HAI) in healthcare. The company formed a team to solve products and processes and apply for patents to neutralize pathogens, provide eye-catching solutions for the hotel industry, and provide a solid way to enter the medical market.
SteriLumen develops, manufactures and sells the SteriLumen Disinfecting System (SteriLumen Disinfecting System). The system currently has 5 product lines: (i) Disinfect backlight mirrors to replace the typical mirrors (and wall lights) above the sinks in public facilities bathrooms; (ii) Disinfection Drainage device; (iii) When there is not enough space to accommodate bathroom mirrors or under the existing bathroom mirrors, a disinfection rack should be installed above the sink; (iv) Disinfect medicine cabinets with mirrors for home use; And (v) Retrofit kit.
MunnWorks, a subsidiary of Applied UV:
MunnWorks (munnworks.com) is a global company that produces exquisite mirrors (mirrors with frames) for the hotel industry.
Munn Works mainly manufactures and provides custom-designed decorative mirrors, framed artwork and bathroom sinks for the hotel market. Its clients include major hotel chains such as Hilton and Hyatt .
Applied UV, Inc. (AUVI) investment:
Applied UV, Inc. (NASDAQ: AUVI) plans to issue 1 million shares at an issue price of US$5 and raise US$5 million. Network 1 Financial Securities, Inc. underwrites.