Applied UV, Inc. Retains Legal Counsel to Investigate Potential Illegal Naked Short Selling

Applied UV, Inc. (Nasdaq CM: AUVI) (“Applied UV” or the “Company”), a global technology leader that applies the power of narrow-range ultraviolet light (“UVC”) and catalytic bioconversion technology for air purification, today announced that it has engaged the services of Herrick, Feinstein LLP to investigate potential illegal short selling of the Company’s stock.

Applied UV has reason to believe that market participants may have engaged in illegal short selling practices, which could adversely impact the market integrity of the Company’s stock. “We are concerned that there may have been certain illegal activities with respect to the trading of our securities, which we cannot tolerate,” said Max Munn, CEO of Applied UV, Inc. “Accordingly, on behalf of the Company, we have engaged outside counsel to aggressively investigate these activities and take whatever steps that are appropriate to protect the Company and its shareholders.”

Herrick Feinstein’s efforts will be led by Mr. Howard Elisofon, a nationally renowned litigator. Mr. Elisofon is a former SEC Trial Attorney and the current Co-Chair of Herrick’s Securities Law & Enforcement Practice.

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About Applied UV

Applied UV, Inc. (“AUVI”) develops and acquires proprietary infection prevention and control technology in the healthcare, commercial & public venue, food processing/storage, cannabis, and education, vertical markets. The Company has two wholly owned subsidiaries - SteriLumen, Inc. (“SteriLumen”) and Munn Works, LLC (“Munn Works”). SteriLumen owns and markets a portfolio of products with advanced pathogen elimination technology, branded Airocide by SteriLumen, Scientific Air by SteriLumen, Airoclean 420 by SteriLumen, and Lumicide by SteriLumen.

The Company’s acquisition of Puro Lighting, LLC adds a powerful monitoring software platform that opens new opportunities to inter-connect its portfolio of UV technology solutions. The platform has the potential to elevate Applied UV’s offerings into the IoT space by providing its customers with both products and smart tools to manage and monitor indoor air quality across an enterprise.

Leading organizations globally rely on AUVI’s air purification systems to completely eliminate airborne and surface infections, mold, bacteria, allergens and other contaminants. Our customers include Kaiser Permanente, NY Health+Hospitals, Baptist Health South Florida, Boston Red Sox’s Fenway Park, JetBlue Park, France’s Palace of Versailles, Invited Clubs, Whole Foods, Del Monte Foods, U.S. Department of Veterans Affairs and more.