New organizational structure to maximize revenue opportunities and reduce costs across several operating units
Cost saving initiatives are expected to reduce ongoing operating expenses in excess of
“We believe the product platform and breadth of solutions created through this integration is of the highest quality and well diversified and allows SteriLumen to be a truly global player across North America, Europe, Asia, and the Middle East. In addition, we have been able to leverage the combined product offerings to generate greater opportunities for growth in revenue, and to provide enhanced technical support, customer retention, and customer life cycle management," said
This integration allows us to gain from the natural synergies between these two businesses resulting in a unique market-facing business that provides optimal leverage and benefits. These benefits include:
Expanded Sales & Marketing Capabilities
- Significantly expands the portfolio of air and surface disinfection solutions available to customers on a global basis;
- Access to SteriLumen’s global distribution footprint with 89 dealers/distributors in 52 Countries;
- Enhanced 'cross selling' revenue opportunities;
- Combination of management organizations, marketing, and "go-to-market" sales teams, expected to lower operating costs and improve margins; and
- Recent trade show in
Dubai of ground-breaking solutions with technologies aimed at revolutionizing food safety and preservation standards that address the region's unique climate challenges confirmed the significant interest in both the Airocide Pro and PURO’s patented Fighter Flex HVAC disinfection system.
Improved Operating Performance
- Singular improved focus on quality and lean strategies to improve customer satisfaction, reduce costs, and ensure long-term competitiveness.
- Elimination of overlapping administrative, management and operations-related employee positions; and
- Facility optimization and rationalization of certain real estate leases, as a result of the Company’s shifting substantially all SteriLumen disinfection-related product manufacturing to
Canon ,Virginia (‘CVI’), a subsidiary of CanonU.S.A. , Inc.
In addition to sales growth, this integration is expected to create significant cost reduction in an ongoing process of expense reduction. A major step in this direction is the consolidation of warehouse and manufacturing operations at our Airocide facility in
“This integration marks a pivotal moment in the company's evolution, creating a unified sales team that has already begun to unlock significant synergies and opportunities with our existing customer base. This streamlined approach allows us to leverage our combined strengths, offering a more comprehensive suite of air and surface disinfection solutions to our clients," stated
Stern added, “One of the most exciting aspects of this integration is the opening of substantial sales opportunities through our expanded global distribution network, particularly in
About PURO UV Disinfection Lighting
PURO UV Disinfection Lighting promotes health and safety by bringing proven and powerful UV light disinfection devices to all indoor spaces where people gather including hospitals, schools and universities, medical and manufacturing facilities, transportation, office buildings, and much more, all without the use of chemicals. From HVAC systems to in room and upper air disinfection, PURO Lighting products offer a wide variety of UV technologies to provide continuous disinfection of air in occupied spaces and can rapidly disinfect any indoor area inactivating up to 99.9% of viruses, bacteria, fungi and more including SARS-CoV-2 virus.
About Applied UV
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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 its business strategy. 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. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company’s Annual Report on Form 10-K filed with the
For Additional Company Information:
Applied UV Founder, CEO & Director
Max.munn@applieduvinc.com
Investor Relations Contact:
TraDigital IR
+1-646-418-7002
kevin@tradigitalir.com
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