Applied uv announces successful integration of its puro uv disinfection and airocide food preservation units to optimize cost reduction and expand global growth opportunities

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 $1 million annually beginning in january 2024; management expects the company's operating units to be cash flow positive in the second quarter of 2024 new york, ny, dec. 18, 2023 (globe newswire) -- via newmediawire -- applied uv, inc. (“applied uv” or the “company”) (nasdaq: auvi), a leader in global food security, air quality, and specialty building solutions today announced the successful 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.
AUVIP Ratings Summary
AUVIP Quant Ranking