EXCLUSIVE: Applied UV’s LED Supply Subsidiary Wins $4.5M Deal From…

EXCLUSIVE: Applied UV’s LED Supply Subsidiary Wins $4.5M Deal From…

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Applied UV, Inc AUVI subsidiary LED Supply Co bagged a multi-million dollar sales contract X Companythe nation’s leading developer of residential communities.

What happened? The secured and committed $4.5 million in orders for LED Supply Co will supply backlit mirrors, LED lighting and control systems for X Co’s growing billion-dollar portfolio.

The orders will be filled by LED Supply Co in conjunction with MunnWorks, which will manufacture the backlit mirrors at its newly acquired 100,000 square foot facility in Brooklyn, NY.

Why does it matter? Ben Brichta, Partner X Co, said: “From a customer perspective, the merger between AUVI and LED Supply Co. creates efficiencies and allows X Co to build on an already foundational supplier relationship. Having access to MunnWorks’ high-quality, US-made decorative backlit mirrors and caseware at competitive prices allows us to offer our residents a better quality product while staying within our allocated budget on a project.”

The orders secured by LED Supply Co. more than double X Co.’s previous orders at LED Supply Co. and expand to include backlit mirrors supplied by MunnWorks, an Applied UV subsidiary, with repeat orders for are planned later this year.

The joint order is the first of many joint sales efforts the company is forecasting as part of the merger of Applied UV, LED Supply Co. and PURO Lighting announced in January this year.

Max Munn, CEO of Applied UV Inc, said, “We believe that both new and existing customers will take advantage of the diverse product lines of the combined entity’s offerings, which over time will result in larger orders and increased revenue.”

Price promotion: AUVI shares closed up 2.23% at $1.01 on Friday.

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