Enhanced Investments - Financial Portal

PURO Lighting announces Strategic New Alliance with Acuity Brands to innovate and manufacture new products

Published: 2020-10-28 12:00:00 ET

Strategic alliance will accelerate growth, innovation and new products in the increasingly competitive UV light disinfection marketplace

DENVER, Oct. 28, 2020 /PRNewswire/ -- PURO™ UV Disinfection Lighting, powered by Violet Defense technology, announces a step forward in its mission to be the leader in innovative UV disinfection products, through a new strategic alliance with Acuity Brands, Inc. (NYSE: AYI). Acuity Brands is one of the world's leading providers of lighting, lighting controls and building management solutions. This strategic alliance builds on agreements already in place with PURO Lighting's technology partner Violet Defense® and will allow Acuity Brands access to Violet Defense's patented, pulsed-xenon UV technology. Through this relationship, PURO Lighting will able to leverage the extensive supply chain capabilities of Acuity Brands, work with Acuity as the contract manufacturer for PURO-branded disinfection products, and scale production to make PURO Lighting products more accessible and affordable in an increasingly active and competitive marketplace.

Additionally, PURO Lighting and Acuity Brands will immediately begin co-developing the next generation of new and innovative UV technology products. "We're excited to start innovating with Acuity Brands, creating new product ideas, and building on our deep understanding of the emerging UV disinfection market," says PURO Lighting CEO, Brian Stern. "Customers from healthcare, transit, schools, hospitality, and other industries are highly motivated to find UV disinfection products for a wide variety of infection control requirements and budgets, providing PURO Lighting with the opportunity to deliver effective and affordable solutions, and to protect the public today during COVID-19, virus and whatever may come in the future."

Powered by Violet Defense technology, PURO Lighting offers flexible and affordable disinfection solutions including Sentry mobile disinfection units, and Helo units, the first known, full-spectrum UV fixture miniaturized to be wall-mounted or installed in a ceiling.

PURO UV Disinfection Lighting units are currently being utilized in hospitals and urgent care clinics, hotels, manufacturing facilities, universities, police departments, fire departments, fitness centers and more throughout the United States.

About PURO UV Disinfection Lighting

Launched in 2019 in Lakewood, Colorado, PURO™ Lighting products, powered by Violet Defense® technology, have set out to take proven UV light disinfection technology to the next level by making it more powerful, more affordable and most importantly, smaller and easier to utilize. PURO Lighting products can rapidly disinfect any room of any size and at any time using the proprietary miniaturized, pulsed Xenon Light Engine System. Our high intensity broad-spectrum UV disinfection units rapidly kill up to 99.9% of viruses and bacteria and can significantly reduce the growth of fungi such as yeasts and molds. All in remarkably small, yet powerful fixed or mobile units designed for any sized space. For more information, visit www.purolighting.com or contact Sonia Awan at media@purolighting.com.

About Acuity Brands

Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. The Company designs, manufactures, and brings to market products and services that make the world more brilliant, productive, and connected including building management systems, lighting, lighting controls, and location-aware applications. Acuity Brands achieves growth through the development of innovative new products and services. Acuity Brands is based in Atlanta, Georgia, with operations across North America, Europe, and Asia. The Company is powered by over 10,000 dedicated and talented associates. Visit us at www.acuitybrands.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/puro-lighting-announces-strategic-new-alliance-with-acuity-brands-to-innovate-and-manufacture-new-products-301161387.html

SOURCE PURO

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.