Benzinga | May 19, 2021 08:38AM EDT

Applied UV And 3Sixty Biopharmaceuticals Sign Exclusive Distribution Agreement For Airocide Air Purification Systems For Continent Of Africa; 3Sixty Agrees To Upfront Binding Purchase Commitment Of Minimum $3.5M Of Airocide Systems

Applied UV, Inc. (NASDAQ:AUVI) ("Applied UV" or the "Company"), an infection control technology company that applies the power of narrow-range ultraviolet light ("UVC") for surface areas and catalytic bioconversion technology for air purification to destroy pathogens safely, thoroughly, and automatically, today announced the signing of an exclusive distribution agreement with 3Sixty Biopharmaceuticals (Pty) Ltd. ("3Sixty") for the distribution of the Airocide(r) consumer and commercial air purification systems within the continent of Africa. 3Sixty is one of the largest black owned companies in South Africa with a primary focus on the market that addresses the healthcare crisis due to the global pandemic.

Under the terms of the agreement, 3Sixty has agreed to an upfront binding purchase commitment of a minimum of $3.5 million of Airocide(r) systems over the initial one-year term of the agreement. After the initial term, both parties have agreed to assess opportunities to expand the product line to include the SteriLumen platform of connected UVC devices for infection control in and around high-traffic areas.

Commenting on the agreement, Khandani Msibi, Group CEO of 3Sixty Global Solutions Group said, "We are extremely pleased to partner with SteriLumen and appreciate the trust they have placed in 3Sixty and our dedicated clinical solutions team. Air and surface infection control is a serious safety issue for the public, and offering the Airocide(r) systems will provide additional choice for our customers. SteriLumen shares our commitment to innovation and high-quality products that help protect people's lives. We look forward to this new addition to our best-in-class portfolio, as well as leveraging our geographic reach, sales, service, and technical capabilities, helping accelerate and grow our businesses together."

"3Sixty is a great partner for the Airocide brand. They have the scale, infrastructure, reputation, and experience to make the Airocide(r) system a market leader in Africa. We are pleased that 3Sixty recognized the quality, innovation, performance and safety of our Airocide(r) system", said Q Saeed, CEO of Applied UV.