AUVI - Applied UV (NASDAQ: AUVI) Smart Building Agreement Valued at $250-300M

2024-02-01 08:50:27 ET

DENVER, Colo., Feb. 1, 2024 ( www.247marketnews.com )- Applied UV, Inc. (NASDAQ: AUVI) stated, this morning, that it plans to develop case goods and smart building technologies for Larimar City & Resort, a new multi-use development under construction in the Dominican Republic. The Company expects to deliver prototype case goods, and the energy saving technology for the development beginning in the third quarter of 2024.

Applied UV is trading at $2.95, up $0.30 (+11.32%), on 3M shares traded.

Its 52-week range is $1.46 to 176.00. It hit a new 52-week low mid-December and is trying to rally. Today’s premarket high is $3.45

“We’re invested in bringing new and innovative technologies designed to support the resort’s mission to adopt environmentally friendly practices throughout its design, construction and operations. This development project represents a strategic opportunity for Applied UV to demonstrate the broad technical capabilities and deep product portfolio that we have assembled over the last few years. We can now provide our customers with a more diverse and holistic range of solutions, positioning us to capture greater economic opportunity on large-scale development projects similar to Larimar City & Resort.  We believe, as the likely sole-source supplier for several key elements, on this project, there is a 3–6-year revenue opportunity in the range of $250 to $300 million,” stated Max Munn, CEO of AUVI.

Website: https://larimarcity.com/en/larimar/

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