Applied UV, Inc. (NASDAQ:AUVI) Q1 2022 Earnings Conference Call May 24, 2022 9:00 AM ET

Company Participants

John Andrews - CEO

Mike Riccio - CFO

Conference Call Participants

Chip Moore - EF Hutton

Operator

Good morning, ladies and gentlemen. I would like to welcome everybody to the Q1, 2022 Applied UV Earnings Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder this conference is being recorded.

With me on the call today are John Andrews, Chief Executive Officer, and Mike Riccio, Chief Financial Officer. As a reminder, all material for today's live presentation are available on the company's Investor Relations website at www.applieduv.com.

Before we begin, please take a moment to read the forward-looking statements in the earnings press release. During today's call, we'll make certain predictive statements that reflect our current views about future performance and financial results. We’ll make these statements and certain assumptions and expectations on future events that are subject to risks and uncertainties. Our most recent Form 10-K lists some of the most important risk factors that could cause actual results to differ from our prediction.

With that, I'll now turn the call over to John Andrews. John, you may begin.

John Andrews

Thank you and good morning, everyone. It's a pleasure to be with you to review the highlights of our first quarter. The progress we discussed in our 2021 Q4 year-end call continues to gain traction. The integration of our three strategic acquisitions that diversified our business to create an air and surface pathogen elimination platform is now firmly established. So that as a company we are well positioned to capitalize on increasing market demand for safer environments born out of the devastating impacts of the pandemic, as well as the recently announced U.S. government's EPA, EA-ENS2 CMS, and the White House’s clean indoor air initiatives, all aiming to improve indoor air quality.

We're well positioned to serve a global market that is expected to reach $24 billion by 2030 as a leading provider of pathogen elimination offerings that protect businesses, facilities and the people who move through them. Simply put, we are in the business of providing solutions that address the growing demand for pure, cleaner, safer air in any environment where people live, work and play.

We have set the stage for increased organic growth driven by a sophisticated and targeted marketing initiative that we started stated last quarter was the beginning Q2. That initiative was launched in April and includes digital and social media campaigns aimed at the following key vertical markets including cannabis, food preservation, logistics, long-term care, schools, dental, other health care facilities, and hospitality.