• Aura adds the software, sensor and IoT-enabled technologies to accelerate an immediate and aggressive push into the burgeoning B2B market
• Executes strategy to combine organic technology development with targeted, inorganic, strategic transactions to build the industry leader in IAQ solutions with a comprehensive suite of patented and proprietary products and technologies
  
• Accelerates the software-as-a-service offering with AI-enabled technology for customers and owners of “smart buildings” who want to monitor and control indoor air quality enterprise-wide from a single location, facilitating the safe return of employees to the office
  
• Aura’s strong brand equity and installed base of approximately 50,000 air purification devices drives recurring revenues from both consumables and software for enterprise-wide deployment of air purification devices
  
• Aura contributes both enterprise software and advanced sensor technology that can be implemented over Molekule’s existing device platforms at major global healthcare, commercial and municipal customers
  

PALM BEACH GARDENS, Fla., February 26, 2023 (GLOBE NEWSWIRE) — Molekule Group, Inc. (“Molekule” or the “Company”) MKUL, an emerging leader in air purification technology solutions, systems for healthcare applications, commercial smart buildings and individual consumer protection, announced today that it has entered into a definitive agreement to acquire Aura Smart Air Ltd. (“Aura”), an Israel-based company, has met with company currently listed on the Tel Aviv Stock Exchange in an all-stock merger valued at approximately $10 million (the “Merger” ). Molekule has the largest selection of proprietary and patented FDA approved air purification devices.

Aura’s award-winning patented Smart Air technology platform monitors and purifies the air in hospitals, schools, businesses, hotels, restaurants, buses and nursing homes in more than 87 countries around the world. It’s scientifically proven that its unique four-step cleaning process removes 99.9% of…