Applied UV issues letter to shareholders

Applied UV announces shareholder letter. “We are pleased to provide an update on the recent progress and achievements of Applied UV, Inc. We are proud to report a record company backlog of over $22 million as of June 30, 2023, and we are on track to hit our revenue targets of $45-50 million for 2023. Our partnership with Canon continues to expand, providing valuable support in product development, contract manufacturing, sales and marketing, and customer financing options. Our Healthy Building Technologies Division has seen significant growth, thanks to the successful acquisition of PURO and LED Supply Co… In addition, the escalating problem of wildfires across the US has dramatically increased the need for effective air purification technologies. PURO’S new SL600H HEPA & Carbon air purifier has emerged as a leading solution, testing in the top 1% of all Energy Star air purifiers for Clean Air Delivery Rate…Our Hospitality Division is experiencing unprecedented growth, with current orders and orders in process totaling approximately $14-$15 million. This includes an order underway and valued at over $4 million with a leading hotel brand, marking the largest backlog in the company’s history….While the microcap stock space has faced significant challenges over the past year, Applied UV stands on solid ground. Despite the broader market turbulence, our company has strengthened its balance sheet, executed strategic and diversified investments, and introduced innovative technological advancements, all of which support our expectations for continued robust growth… We thank you for your continued support and look forward to sharing more updates in the future.”