and morning, Munn, I became name is Brett, Founder Applied weeks you, three about My good ago. UV. Max of everyone. the And the I'm Thank CEO
companies, challenging for very XXXX As a most it other was was year.
acquisition best Scientific senior investment us. behind write as at our to was put not address determined one Scientific totally in down Air COVID-XX. the Scientific recently of was one Our collapsed by challenge substantially also that management's this of Air sales a on and portion in Air. and XXXX Scientific our with pandemic Air to in hospitals With for which receded. arose Consequently, reposition this Unfortunately, it on late focused previous disinfection that distributor, was focused weakness Scientific driven did were products industry, the revenues substantial from focus XXXX. the company Air Consequently, problem we
was non and accounting our financials company related this acquisition employees. turnaround this other very include it or expenses year, challenging XXXX options with successful cash also significant key but to and a down write interest year. issuance In the and as our integration depreciation, of items, XXXX noncash associated more was legal in has costs included to our indeed XXXX and the such onetime of acquisitions expenses incurred a addition goodwill, to
XXXX significantly our much starting optimistic. Of therefore achieve company are this, positioned to better results. We with I am extremely improved
Applied operating two elimination which And disinfecting resorts which properties. manufacture of a segments, and air As the the of and has surface and includes marketing disinfection development, hotels, the Hospitality better related systems. specifically reminder, furniture pathogen manufacturer includes domestic for and mirrors segment, and segment, premium UV
are MunnWorks fueled pandemic Now I'd take like more industry is faster its travel Hospitality post detailed to facilities catch-up pandemic as need operators their forecasted. continues pre This was postponed by which required of market Hospitality, Hotel to order due capital franchise the growth segment. to surge, has for generally growth has years review strong on show a maintain our this the heightened accelerated growth In improvements make pandemic. flex, to refurbishment. delayed something in resuming hotels to three than the that for almost to to now
to tariff, due domestic due for cost in The as located competitive as the manufacturing our domestic facility This last management has hotel developers to advantage New to orders U.S. between China factors favor differential XXX,XXX based decreased several the coupled us manufacturing other by we the with place demand these hotel leading company. and operators. considerably XX% has well dollar few a our with manufacturing. York given acquired foot Brooklyn, square hotel multimillion surging strong newly In had months, demand manufacturing
in manage delays tariffs. as project and incremental timelines mitigate operators negative concerned conflict and could hotel to to worrying is tariffs of ultimately the significant threat more there to that the chain any developers as hotel China, U.S. These more a disruptions, even factors ongoing chain between domestic revenue higher dialogue better a potential conflict generation. with fear because manufacturing driving a well result Additionally, global and potentially and or supply supply increased enable are of their are hotels
very Due in which orders, expect to of in with the will and the to margin raise competition, significantly which accelerate prices we limited shift result first to U.S. we expansion, able half XXXX. without displacing were
As cash owners receipts. with commitments all legacy major have hotel orders acquisition inherited, of our on paid the margin those to part of the in fulfilling of a us those lower deposits fact products number to commitments of facility, of the due business, and of advance facility We been Brooklyn leaving but of that the paid XX% prior that our acquisition we without benefit were delivered the now fulfilled. associated
approximately Our which Orlando sales Cleveland, projects slated Washington in and Hospitality, underway pipeline Indianapolis, with Knoxville. and is for $XX today million DC,
increase to our our through pathogen be plan as into an elimination room of furniture installation better devices revenues MunnWorks to to also We guest hotel the hotels. supplied option
the improvements [indiscernible], $XXX spread and in infections segment Now for patients deadly disinfection many our disinfection quality books reach billion the one within and let me more discuss elimination of the pathogens year super serious cost pathogens a air XXXX. in and coupled than acquired market drive each HVAC indoor from we resistant systems. the proven of that (ph) [CDC] X domestic systems. contagious productivity our in the adoption infection This XXX,XXX deaths to that annually. spread losses order economy in as The over of pathogen to states $X with The such urgency hospital business. continue is absenteeism. due of recent lost of to expected XX to million including gets control CDC The will about drug UV In to U.S. rapid resulting billion, warning new amounts
the pathogens. long technology its only developing of acquisition us now recent best in for further place. but Puro from term validates strategy Our acquiring or correct, of technology This our not protect is to all and strategy firmly is deadly
reported products. opportunity safe, for we world, and purchase that high have With technology a agricultural resulting being life table people from important major value restrictions, throughout to farm Our shelf and protecting protects us. the just shortages high concluded but is a helps keep the priority the technology as food our insecurity food and extends of
same Space can XX% reduce and shipping Currently, during NASA will spoilage as is we in catalytic long well and of expect This containers of distribution shipped Japanese company transfer centers a introduce venture a technology be food International in for our system company with system, will to refrigeration for incorporated into which products that Station. trucks, to as the we the haul lost developed oxidation centers with the significantly distribution photo agricultural spoilage. use air unit to transit, a that Canon food to retailers, soon XX% Virginia, proprietary purification
Whole is companies value priorities investment others. we reduction today. growing wine and that is fruit security and to for and also on display. already post-harvest with focus and one the the we generating our plan on used revenue expect technology being We global of to such cannabis only highest the urgent food the as preservation of high our security demonstrated and food shelf storage already because we success is not into Airocide currently are Our and as industry food the have has during life increase in [indiscernible], in of Foods the spoilage food, product by revenues in expand We also with of Del our believe line, Monte, world but cut transit in as berries flowers our healthcare leveraging
completed of well we Lighting supply. months as Two acquisition ago, the LED Puro as
technology fully million a As total XXXX. used million integrated approximately of $XX as current Applied elimination This that XXX% company are $XX further we a approximately business result, a be governments. positions forecasting pathogen UV by year, consumers, and can revenues this providing broad leading to with for over platform increase
to recent analyst by price major that reiterate year. I will our common banking reach by current research end that investment At agree of this point, with I want the likely $X.XX a also this the projection personally share
be will Our monitor and building growth proprietary primary and complete software continually include HVAC preservation, will facilities healthcare safe for air systems, will systems focus which utilizing indoor on food quality. in installation the and XXXX
is of changing combating their challenge at surface their complete, subsidiary, consumers address required and our and owned facilities. who of the merger challenging air ever frequent employees hospitals and the critical and Puro businesses protecting mass With facilities to ever wholly the infections SteriLumen for gaining pathogens and
the due clinical pandemic, COVID Sinai Lumicide began in New Hospital drain delays City. and trial disinfection sink late in to a with product XXXX, York prestigious Mt our company our long After the at
board advisory leading scientists, announce We to support To the We as expect and highly announce our conferences disease publications at speak experts the as the pathogen regarding write to these as our well as have product. planned leading anticipated company journals experts. and well to a trade scientific near XXXX. very this plan formed The of in wine results in preservation with regarding the details effectiveness this plans food clinical infectious renowned of shows, elimination QX we term. advisory industry board in growth, trial
expansion distribution the and global Granger. throughout Controls, partnerships established with With Our Lighting, partnership boasting Canon, Siemens alliances. company now strategic Acuity USHIO, and strategic and several manufacturing XXXX Johnson continued
U.S. global XX in Asia, well based elimination pathogen XX with personnel. including our dealers network as to grown XX having sales segment's countries, has Additionally, XX distributors include our and as sales Southeast agencies
reporting as now carbon, nanometer photo as utilizing for use software clinically and developed air products. have best-in-class XXX in access far building complete oxidation, activated monitoring proven technology customers global will new advanced UV our our radiation, including and Our backed UVC of to research well product, catalytic smart newly suite wavelength
This We wholly primary logistical one solutions. contract company's recently premier our manufacturers. of chain a announced air Canon agreement suite makes global partner Canon Virginia, and with for significant owned a purification of the supply subsidiary manufacturing entire Canon of outsourcing USA, advanced manufacturer the strategic agreement
an to joint this Canon accelerating manufacturing Our on executing during our completely teams to current plan transfer quarter. continue
that manufacturing partnership yielding of and in by focus allowing risk more fixed the to logistics existing translate our product distribution believe G&A. company removing next operations, development will and manufacturing significant close reduction development our cost We and on accelerate advanced this marketing. and technology scale simultaneously will savings generation execution We into our effectively and a production
allows recently Canon offer and with our first time for partner, include Japan customers. leasing Canon to Financial the We've company expanded product to options relationship also to a for finance our as Services our which our
accelerate IoT product Puro acquisition, Through the those the and introduction competitors. adding PURONet With systems, software will integration reports that industry entire throughout from of proven our software differentiation our application, further software by we're portfolio monitors which indoor our Puro’s PURONet facility. continually our growing an systems must suites. almost differentiate have into with will proprietary our complete air us of entire compete in in PURONet one fastest with a our allows throughout been XXX air software, pathogen which the offering has is air HVA recently installed elimination markets, surgical systems. HVAC proprietary system systems monitoring of products becoming quality competitively rapidly to obtaining
year positive AUVI. extremely To and for be conclude, XXXX will a transformative
I like more Lighting, Now, of call Stern, Puro to supply. LED President turn allowing the would Brian and to to him over Brian? Puro speak about