TL;DR:
- Applied UV collaborates with Quantiva™ to enhance indoor air quality monitoring software, PURONet™, and Airocide™, the flagship brand.
- The collaboration aims to leverage AI and Machine Learning to expand the capabilities of Airocide™, a patented air purification technology.
- Airocide™ eliminates airborne pathogens and is widely used in post-harvest food preservation by major global end users.
- Quantiva™ will help integrate diverse data inputs and AI into PURONet™ and the Airocide™ product line, improving outcomes in supply chains and reducing food spoilage and loss.
- Applied UV anticipates the completion of the next-generation product launch in late 2023.
Main AI News:
Applied UV, Inc. (Nasdaq: AUVI), a prominent provider of advanced food security and air and surface disinfection technology, has partnered with Quantiva™, a leading provider of AI-driven consulting and software engineering services, to bolster the development of the company’s exclusive indoor air quality monitoring software, PURONet™.
The primary objective of this collaboration is to leverage the power of Machine Learning and Artificial Intelligence to expand the capabilities of Applied UV’s flagship brand, Airocide™. Airocide™ is a patented air purification technology that was initially co-developed by the University of Wisconsin and NASA for cultivating crops in space. Recognized globally for its ability to eliminate airborne pathogens, such as bacteria, viruses, pollen, mold, yeast, allergens, VOCs, and odors, the Airocide™ proprietary technology employs Photo-catalytic Oxidation to remove ethylene. It is extensively utilized in the post-harvest food preservation supply chain by renowned end users like Delmonte, Whole Foods, and Esmerelda Farms, among others. Shockingly, according to the Food and Agriculture Organization of the United Nations, post-harvest crop spoilage incurs an estimated annual loss of $400 billion worldwide along the supply chain.
Quantiva™ is collaborating with Applied UV to harness the potential of diverse data inputs and Artificial Intelligence, integrating them into both the company’s existing PURONet indoor air monitoring and control software, as well as the Airocide™ product line. This advanced product offering is expected to revolutionize the logistical supply chains of growers, distributors, transportation companies, and grocers. By significantly reducing food spoilage and loss, it will have a far-reaching positive impact on countries, companies, and consumers across the globe.
Max Munn, Founder, CEO, and Director of Applied UV, expressed his enthusiasm about collaborating with Quantiva™ to advance the development of their proprietary PURONet™ indoor air monitoring software, particularly in the rapidly expanding field of food preservation and security. Munn believes that their proven Airocide™ brand can play a vital role in mitigating crop loss and improving global societal outcomes. The company is eagerly anticipating the launch of its next-generation product, slated for completion in late 2023.
Tammo Mueller, Co-Founder and Managing Director of Quantiva™, highlighted their quantitative approach to decision-making, which involves analyzing opportunities and challenges and delivering effective solutions through a rational, systematic, and scientific process based on data, facts, and logic. Mueller emphasized that addressing the global post-harvest problem aligns perfectly with their core values and their commitment to enhancing societal outcomes. They look forward to working closely with the Applied UV team.
In a presentation by Maximo Torero Cullen, Chief Economist of the United Nations Food and Agriculture Organization (FAO), it was revealed that approximately $400 billion worth of food is lost annually between harvest and retail. Additionally, a staggering 31.15% of all fruits and vegetables suffer global losses due to high perishability and a lack of effective intervention strategies. Spoilage and the detrimental effects of ethylene throughout the supply chain contribute significantly to these ongoing crop losses.
Mr. Torero predicts that tackling the global challenge of food loss and waste necessitates deploying context-appropriate and resource-efficient technologies, coupled with innovation across the food chain. Leveraging the collection and real-time utilization of a wide range of economic and environmental data will be paramount in finding effective solutions.
Conclusion:
The partnership between Applied UV and Quantiva™ to integrate AI and Machine Learning capabilities into their air quality monitoring software and air purification technology represents a significant advancement in the market. By leveraging these technologies, Applied UV aims to enhance its product offerings, improve supply chain logistics, and reduce food spoilage and loss. This collaboration demonstrates the company’s commitment to innovation and addressing critical challenges in the field of food preservation and security. The market can expect improved outcomes and increased efficiency in the post-harvest food industry as a result of these advancements.
