AUVI - Applied UV's subsidiary LED Supply nabs $4.55M order from co-living rental property developer
2023-03-06 07:40:34 ET
- Applied UV ( NASDAQ: AUVI ) wholly owned subsidiary LED Supply received a $4.55M purchase agreement from The X Company, a premier co-living rental property developer.
- Of the total, $2.67M stands received while remaining $1.88M is assured by end of Q2.
- The secured and assured orders for LED Supply will provide back-lit mirrors, LED lighting and control systems for X Company's growing portfolio of properties.
- The orders will be fulfilled by LED Supply, in partnership with MunnWorks who will manufacture the backlit mirrors in its newly acquired NY facility.
- AUVI is pleased that the synergies and growth in revenue that were anticipated as part of the merger with PURO Lighting and LED Supply Co. are already being realized. We believe both new and existing customers will take advantage of the diverse product lines of the merged entity offerings leading to larger purchase orders and increased revenue over time," CEO Max Munn commented.
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Applied UV's subsidiary LED Supply nabs $4.55M order from co-living rental property developer