EXCLUSIVE: Applied UV Lands Big Role in Dominican Resort Project, Promises High-Tech Furnishings by 2024
Portfolio Pulse from Anusuya Lahiri
Applied UV, Inc (NASDAQ:AUVI) announced its involvement in the Larimar City & Resort project in the Dominican Republic, developing case goods and smart building technologies. The company expects to deliver prototypes in Q3 2024, with a potential revenue opportunity of $250 to $300 million over 3-6 years. AUVI shares rose 1.89% in premarket trading.
February 01, 2024 | 11:30 am
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POSITIVE IMPACT
Applied UV's involvement in the Larimar City & Resort project represents a significant revenue opportunity and showcases its expansion into smart building technologies.
Applied UV's announcement of its role in the Larimar City & Resort project and the potential revenue opportunity significantly highlights the company's growth prospects and diversification into new technologies. The positive premarket share price movement reflects investor optimism about this development.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100