Applied UV, Inc. (AUVI), a leading provider of advanced food security and air and surface disinfection technology, experienced a decline in after-market trading on Thursday, with the stock price falling by 20.53%. The sudden dip, seemingly without a specific reason, presents an opportunity for investors to evaluate the stock’s potential. In recent news,
Applied UV announced a collaboration with Quantiva™, an AI-driven consulting and software engineering services provider, to enhance the Company’s proprietary indoor air quality monitoring software, PURONet™.
This strategic partnership aims to leverage machine learning and artificial intelligence to advance Applied UV’s flagship brand, Airocide™, and optimize supply chain efficiency for post-harvest food preservation.
Enhancing Air Purification Technology
Applied UV’s collaboration with Quantiva™ seeks to expand the capabilities of Airocide™, a patented air purification technology that eliminates airborne pathogens, allergens, VOCs, and odors. Initially developed by the University of Wisconsin for NASA’s crop growth in space, Airocide™ has gained global recognition for its effectiveness.
The partnership aims to leverage machine learning and AI to further enhance Airocide™ and its ability to remove ethylene, a compound responsible for post-harvest crop spoilage. By integrating diverse data inputs and advanced AI algorithms, Applied UV intends to improve its PURONet indoor air monitoring and control software and enhance outcomes in the logistical supply chains of growers, distributors, transportation companies, and grocers.
Improving Supply Chain Efficiency
According to the Food and Agriculture Organization of the United Nations, post-harvest crop spoilage contributes to an estimated $400 billion in annual losses along the supply chain. Applied UV’s collaboration with Quantiva™ aligns with the Company’s commitment to reducing food spoilage and loss on a global scale.
By optimizing indoor air quality and utilizing advanced air purification technology, growers and supply chain stakeholders can minimize spoilage, improve product quality, and reduce economic losses. The enhanced product offering resulting from this partnership has the potential to benefit countries, companies, and consumers worldwide.
Financial Snapshot
Applied UV’s stock has experienced a decline in recent months, with a significant drop of 86.85% over the past year. However, it is essential to consider the potential value of the strategic partnership with Quantiva™ in evaluating the stock’s future prospects. The Company’s market capitalization currently stands at $7.35 million, and the stock price in after-market trading on Thursday was $1.51. The 50-day moving average price is $2.82, while the 200-day moving average price is $4.97.
Conclusion
Applied UV’s collaboration with Quantiva™ marks an important step toward improving indoor air quality monitoring and enhancing air purification technology. The Company’s focus on reducing post-harvest crop spoilage and optimizing supply chain efficiency presents an opportunity for long-term growth.
By leveraging AI and machine learning, the Company aims to revolutionize the field of air and surface disinfection technology, providing a compelling value proposition for investors considering a position in AUVI stock.
