AeroClean Technologies, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Amin J. Khoury
- Full Time Employees
- 7
- Sector
- Industrials
- Industry
- Industrial - Pollution & Treatment Controls
- Address
- 10455 Riverside Drive Palm Beach Gardens FL United States of America 33410
- IPO Date
- Nov 24, 2021
- CIK
- 0001872356
- Website
- aeroclean.com
- Similar Companies
- Business
- AeroClean Technologies, Inc. AeroClean Technologies, Inc. (Nasdaq:AERC) operates as an interior space air purification technology company that develops and commercializes medical-grade air sanitization solutions utilizing proprietary UV-C LED technology combined with HEPA filtration; its core products include the Pūrgo continuous air sanitization system for hospitals, healthcare facilities, schools, universities, commercial properties, senior living centers, and other indoor spaces, as well as the Pūrgo Lift for elevators and wall-mount applications featuring SteriDuct UV-C technology; these FDA 510(k)-cleared Class II medical devices target airborne pathogens such as SARS-CoV-2, viruses, bacteria, mold, and particulates in healthcare settings including outpatient chemotherapy and infusion facilities. Founded in 2011 and headquartered in Palm Beach Gardens, Florida, the company serves healthcare, education, commercial, and government sectors primarily in the United States with approximately seven full-time employees. In January 2023, AeroClean Technologies completed an all-stock merger with Molekule, Inc., under which it changed its name to Molekule Group, Inc. and ticker to MKUL, combining complementary patented FDA-cleared air purification technologies including Molekule's PECO photo electrochemical oxidation systems to address a $15 billion global market; the transaction positioned the pro forma entity with approximately $45-48 million in FY 2022 revenues, an installed base exceeding 350,000 units, no debt, and plans for SaaS indoor air quality monitoring via the Molekule Air Platform, alongside pursuits of B2B expansion in healthcare, hospitality, education, and government verticals through cross-selling, IoT-enabled devices, and potential further acquisitions.
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