By Ben Glickman
Shares of Applied UV rose Friday after the company said it would launch its Fighter Flex LED solution Jan. 22.
The stock was up 31% to $2.97 in recent trading. Shares have tumbled 67% over the last three months.
The Denver-based company, which makes products to limit infection in different environments, said it was finalizing distribution agreements with multiple international smart building-technology brands.
Chief Executive Max Munn said the company believes the market for Fighter Flex LED, which is designed to disinfect air and coils in HVAC systems, presents a sales opportunity of hundreds of millions of dollars a year.
The company said its UVC LED fixtures could reduce energy consumption by 5% to 15% by improving the efficiency of HVAC coils.
Write to Ben Glickman at ben.glickman@wsj.com
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