Bonneville School District No. 93 Enhances Safety of Students and Staff with TOMI’s SteraPaks

Rhea-AI Summary

TOMI Environmental Solutions (NASDAQ: TOMZ) announced that Bonneville Joint School District No. 93 in Idaho has integrated SteraMist technology into its cleaning protocols by purchasing multiple SteraPaks. The implementation aims to enhance disinfection measures and protect students and staff against harmful bacteria and viruses, particularly during cold and flu season. This adoption represents TOMI's expansion into the education sector, which is part of the $5.6B disinfection market growing at over 7% CAGR. SteraMist uses Binary Ionization Technology (BIT) platform with ionized Hydrogen Peroxide (iHP) to create superior disinfection solutions.

Positive

• Expansion into education sector, accessing new market opportunities
• Part of $5.6B disinfection market with 7% CAGR growth potential
• New customer acquisition demonstrating product market fit

Negative

• None.

Insights

Market Research Analyst

The deal with Bonneville School District, while positive, represents a relatively minor commercial achievement given TOMI's $15M market cap. The education sector opportunity within the $5.6B disinfection market shows promise, growing at 7% annually, but this single district implementation is unlikely to materially impact financials in the near term.

The SteraPak adoption validates the technology's applicability in educational settings and could serve as a reference case for expanding into other school districts. However, the announcement lacks specific financial details about the contract value, number of units sold, or revenue projections. The winter season timing for implementation is strategic but competition in the institutional disinfection space remains intense.

FREDERICK, Md., Nov. 26, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, announced today that Bonneville Joint School District No. 93, located in Bonneville County, Idaho, has integrated SteraMist technology into its cleaning protocols. This adoption underscores the district’s commitment to prioritizing the health and safety of its students and staff through advanced disinfection measures, and demonstrates the versatility of TOMI’s technology and products to serve educational institutions.

The district has recently purchased and implemented a number of SteraPaks to augment preventative measures. By employing SteraMist, the district will enhance its existing cleaning protocols, ensuring a higher level of disinfection and protection against harmful bacteria and viruses. SteraMist's cutting-edge technology effectively eliminates microorganisms, creating a cleaner, healthier environment and significantly reducing the risk of illness transmission. As a result, SteraMist will help mitigate illness-related absences as winter approaches and cold and flu season commences. The implementation of SteraMist SteraPak technology by Bonneville School District No. 93 showcases the scalability and adaptability of TOMI’s products to meet the unique challenges of educational facilities.

"Partnering with Bonneville Joint School District No. 93 is an exciting milestone as we expand the power of SteraMist to the education sector," said Dr. Halden Shane, CEO of TOMI. "This collaboration aligns with our mission to deliver innovative disinfection solutions that protect public health and safety and reduce spread of contagious respitory viruses. By integrating SteraMist into its cleaning protocols, the district is proactively addressing illness prevention and absenteeism among students and staff. Our vision is to extend these benefits across the education system, reducing disruptions to learning while fostering healthier, more resilient school environments."

TOMI has identified the education sector as a key growth area, recognizing the growing need for effective disinfection solutions to address health risks in schools. The education sector is an important part of the $5.6B disinfection market, which is growing at a CAGR of more than 7% a year (Allied Market Research, 2024).

TOMI™ Environmental Solutions, Inc.: Innovating for a safer world®  

TOMI™ Environmental Solutions, Inc. (NASDAQ: TOMZ ) is a global decontamination and infection prevention company, providing environmental solutions for disinfection through the manufacturing, sales and licensing of its premier Binary Ionization Technology® (BIT™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT™ solution utilizes a low percentage hydrogen peroxide as its only active ingredient and uses patented ionized Hydrogen Peroxide (iHP™) technology in all SteraMist systems to create superior disinfection. TOMI products are designed to service a broad spectrum of use sites, including, but not limited to, hospitals and medical facilities, biosafety labs, pharmaceutical facilities, commercial and office buildings, schools, restaurants, meat and produce processing facilities, and police and fire departments.   

For additional information, please visit http://www.steramist.com or contact us at info@tomimist.com  

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995  

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements relating to TOMI’s products to serve education sectors. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, our ability to maintain and manage growth and generate sales, our reliance on a single or a few products for a majority of revenues; the general business and economic conditions; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed by us with the SEC and other periodic reports we filed with the SEC. The information provided in this document is based upon the facts and circumstances known at this time. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law.

INVESTOR RELATIONS CONTACT:  
John Nesbett/Rosalyn Christian  
IMS Investor Relations  
tomi@imsinvestorrelations.com  

FAQ

What is the new contract TOMZ secured with Bonneville School District?

TOMZ secured a contract to provide SteraPak disinfection systems to Bonneville Joint School District No. 93 in Idaho, integrating SteraMist technology into their cleaning protocols.

What is the market size for TOMZ's disinfection solutions in 2024?

According to Allied Market Research (2024), TOMZ operates in a $5.6B disinfection market that is growing at a CAGR of more than 7% annually.

How does TOMZ's SteraMist technology work?

SteraMist uses Binary Ionization Technology (BIT) with a low percentage hydrogen peroxide as its active ingredient, utilizing patented ionized Hydrogen Peroxide (iHP) technology for disinfection.