Applied UV announced 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. The real estate development firm CLERHP, a Spanish listed multinational specializing in the promotion, design, engineering, and construction of large projects in Spain and Latin America, has commenced construction on the hotel properties and residences with completion of the first phase of Larimar City & Resort expected in late 2025. This development will also include several entertainment venues. Max Munn, CEO of AUVI, states: “We estimate that potential revenues from this project could total $250 Million to $300 Million over the next 3 to 6 years.” AUVI subsidiaries, in talks with the developer to supply UV disinfection, energy saving smart building control solutions and custom interiors.
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