Applied UV’s Subsidiary has Purchased the Continuing Business and a Multi-Year Exclusive Global Licensing Agreement With Element Designs
29 2월 2024 - 9:00PM
via NewMediaWire –Applied UV, Inc. (“Applied UV” or the “Company”)
(Nasdaq: AUVI), a leader in smart building technology solutions,
today announced that its subsidiary, MunnWorks, has entered into a
multi-year exclusive global licensing agreement with the purchase
of the continuing business of Element Designs Collaborative
(“Element Designs”), an established designer and fabricator of
custom outdoor systems for commercial and public space property
owners. The three-year agreement, which may be extended, is
exclusive for the design, production and distribution of Element
Design water Feature and fountains, landscape systems, monumental
outdoor furnishings, and green-walls. The founding team of Element
Designs will join MunnWorks.
Founded over 10 years ago, Element Designs services commercial
and public clients and has been involved with many notable
projects, such as the World Trade Center Memorial, Lincoln Center,
and JFK Airport, as well as projects throughout the U.S. and
internationally. Applied UV’s subsidiaries, MunnWorks and
SteriLumen, intend to incorporate their respective Smart Buildings
technology, such as decorative lighting and compressed air into
Element Design’s systems in order to minimize energy usage and
maximize the visual effects to further enhance the experience of
the public and thereby enhance the value of the property maximizing
the ROI for ownership.
The key product areas MunnWorks and Design Elements plan to
collaborate on include the following:
• Water Features (streamlined water and lighting designs, wall
and plaza fountains, introduce large scale fountains for interior
use, such as was recently installed at Dubai International
Airport)• Monumental Landscape Furnishings (pergolas, privacy
screens, and very large outdoor metalfurnishings)• Preserved
Green-walls (Preserved natural foliage set within a moss wall
system)• Outdoor interactive systems for public spaces
“We are thrilled to announce this partnership with Element
Designs. For more than 10 years, Element Designs has provided
creative, elegant design enhancements for commercial and public
properties across the globe. Together we look forward to bringing
the same beautiful custom furnishings and exquisite details, while
incorporating many of our innovative Smart Building technologies,
to elevate outdoor space throughout the U.S. and globally," said
Max Munn, CEO of Applied UV Inc.
Munn added, “As industry leaders in high-end case goods and
furnishings, and a reputation for delivering high-quality products,
MunnWorks is strategically positioned to support and grow this
business by leveraging our significant manufacturing facility in
the U.S., along with our extensive sales, marketing and
distribution reach in numerous verticals. We feel there is
tremendous runway for growth and we’re confident this will be a
successful venture.”
Privately held, Element Design, expects its revenues to grow
dramatically in the next three years. For more information about
Element Design, please visit https://www.elementdesigns.art
About Applied UV
Applied UV Inc. is dedicated to developing and acquiring smart
building technologies for healthcare, hospitality, commercial and
municipal markets. With SteriLumen, MunnWorks, LED Supply Co., and
PURO, the company has a diverse portfolio that addresses various
needs in the market. Applied UV Inc. is committed to innovation and
excellence in providing solutions for a healthier and smarter
world. More details about Applied UV, Inc., and its subsidiaries
can be found at https://applieduvinc.com
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For Additional Company Information:Applied UV, Inc.Max
MunnApplied UV Founder, CEO &
DirectorMax.munn@applieduvinc.com
Investor Relations Contact:TraDigital IRKevin
McGrath+1-646-418-7002kevin@tradigitalir.com
Applied UV (NASDAQ:AUVIP)
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Applied UV (NASDAQ:AUVIP)
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