Applied UV announces integration of PURO, Airocide businesses into Sterilumen

Applied UV announced the integration of its PURO and Airocide businesses into its Sterilumen subsidiary to optimize its portfolio, reduce costs, deliver margin expansion and drive sustainable shareholder value creation. The Company believes the PURO and Airocide integration and other cost saving initiatives previously completed are expected to reduce ongoing operating expenses annually by approximately $1 million beginning in fiscal 2024. 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, a subsidiary of Canon U.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 Kennesaw, GA. This move will optimize our production capabilities and enhance our supply chain efficiency, allowing us to serve our customers better and faster.