Applied UV, Inc. AUVI shares are trading higher on Friday.
The company said it will launch its Fighter Flex LED solution at the upcoming AHR Expo on January 22nd.
This technology pertains to heating, ventilation, and air conditioning (HVAC) systems across the industry.
Applied UV is finalizing distribution agreements with several major international smart-building technology brands.
Max Munn, CEO of Applied UV, stated, “This market holds an annual sales opportunity in the hundreds of millions of dollars.”
The Fighter Flex LED solution boasts durable, low-maintenance, and mercury-free emitters, marking a significant advancement in UVC LED technology.
The switch to UVC LED fixtures from mercury vapor tubes (a 100-year-old technology) can result in an additional 100% increase in energy savings within the UV system, leading to, on average, an additional $10,000 in annual savings for a 100,000-square-foot property.
Last month, AUVI announced a collaboration with Silver Cross Hospital in New Lenox, Illinois, to implement Far-UVC Puro Protect 222nm fixtures in the hospital’s Sterile Processing Department.
Price Action: AUVI shares are trading higher by 26.3% to $2.86 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
