Molekule and Aura Expand in Global Education Market with Multiple Deployments and Orders
28 Abril 2023 - 8:00AM
Molekule Group, Inc. (“Molekule” or the “Company”) (Nasdaq: MKUL),
an emerging leader in air purification technology solutions,
systems, and Aura Smart Air Ltd. (“Aura”), a leading air quality
solutions company that is expected to combine with Molekule early
in the second half of 2023, today announced multiple new
deployments and orders in the global education market. Molekule and
Aura technologies include the largest range of proprietary and
patented, FDA-cleared air purification devices, which have been
proven to destroy SARS-CoV-2, RSV, H1N1 flu virus, VOCs, allergens,
mold and many other pollutants. The devices are part of a
state-of-the-art advanced solutions platform, which includes Indoor
Air Quality (“IAQ") monitoring and internet-of-things (“IoT”)
device control, allowing schools to monitor and control IAQ on a
campus-wide basis and individual classroom level, from one single
location.
Molekule’s success and growth strategy in the
education sector includes customers such as Sacred Heart Schools of
Atherton, Southwestern College, Wharton Institute for the
Performing Arts, University of Pennsylvania, Ohio University, and
Northeastern University among many others. Domestically, new orders
and partnerships include Aura’s recent selection as an approved Air
Quality Vendor for Region 13 in Texas, one of the largest school
regions in the U.S., and Meriden, Connecticut, which serves over
8,500 students. Globally, Aura is also expanding across several
schools and districts in Israel and Hong Kong. This adds to the
thousands of units and filters Molekule has already deployed across
the education and higher education sector in the U.S.
Poor indoor air quality is one of the most
prominent threats to both a student’s health and their ability to
learn. Studies have linked long-term exposure to air pollution with
declines in test scores, and childhood asthma is one the leading
causes of chronic disease-related absenteeism in schools.
Molekule’s technology is designed to destroy common asthma triggers
like pet dander, smoke, mold, and VOCs, helping reduce health risks
and support schools working to meet EPA guidance and
recommendations to improve air quality.
Jason DiBona, Chief Executive Officer of
Molekule, noted, “Both Molekule and Aura provide an instantly
deployable air quality and purification solution for the education
sector, which includes software to enable users to assess and
mitigate air quality across numerous devices. We have already seen
significant synergies and momentum in these early days of our work
with Aura across the education sector, and we’re just getting
started.”
DiBona added “We believe this new relationship
with Aura is already paying dividends and will only accelerate as
we incorporate the company’s advanced software, sensor, and IoT
technology into our existing devices. Aura’s software capabilities
enable centralized monitoring and remote management of installed
units to ensure indoor air safety and quality. The combination of
Aura’s Software platform and Molekule’s Safe-Air-as-a-Service IAQ
solution will enable schools and universities to monitor and purify
indoor air in real-time across campuses. We have a strong pipeline
in the education industry and are excited about the opportunities
ahead.”
Education industry sales recently reached a
cumulative amount of nearly $4 million across both companies and
put the Company in a strong position to leverage the nearly $500
billion in funds made available for clean air infrastructure
through the education sector.
If you are interested in a quote for your
school, please inquire at: https://molekule.com/business
About MolekuleMolekule is on a
mission to provide clean indoor air to everyone, everywhere. With
the largest range of proprietary, FDA-cleared air purification
devices on the market, Molekule is providing consumers, business
owners and medical professionals with hardware and software
solutions to better understand and improve indoor air quality. Its
Air Pro, Air Mini+ and Pūrgo™ purification devices can be applied
to virtually any indoor space, including homes, classrooms,
offices, hospitals and more. For more information and customer
reviews, visit https://investors.molekule.com/.
Media ContactPress@molekule.com
Investor Relations ContactsRyan TylerChief
Financial Officer, MolekuleRyan.Tyler@molekule.com
MATTIO Communicationsmolekule@mattio.com
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- our ability to expand product offerings;
- our ability to compete with others in our industry;
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- the risk that the merger between
Molekule and Aura may not be completed; and other economic,
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those set forth in Molekule’s filings with the Securities and
Exchange Commission, including in the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” sections of Molekule’s latest annual report
on Form 10-K, as amended, and other SEC filings.
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reflect new information or the occurrence of unanticipated
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