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TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) is a global leader in bacteria decontamination and infectious disease control. The company provides advanced environmental solutions for indoor surface decontamination through the manufacturing, sales, service, and licensing of its premier Binary Ionization Technology® (BIT™) platform, marketed under the SteraMist® brand.
TOMI's BIT™ platform, developed in collaboration with the Defense Advanced Research Projects Agency (DARPA) and a major U.S. defense contractor, was initially created to address chemical and biological threats following the 2001 anthrax attacks. The technology utilizes a patented two-step process that activates and ionizes a 7.8% hydrogen peroxide solution to produce a disinfectant mist or fog. This innovation ensures effective sterilization while being safe for use on various materials, including delicate electronics.
The SteraMist® product line includes the SteraMist Surface Unit, SteraMist Environment System, SteraMist Total Disinfection Cart, SteraMist Select Surface Unit, Stainless Steel 90 Degree Applicator, iHP Plasma Decontamination Chamber, SteraMist Custom Engineered System (CES), and iHP Corporate Service Decontamination. These products serve diverse sectors such as hospitals, biosafety labs, pharmaceutical facilities, commercial buildings, schools, and more.
Recently, TOMI conducted a successful study that demonstrated the efficacy of its SteraMist® iHP technology in eliminating the Foot-and-Mouth Disease Virus (FMDV) from both porous and non-porous surfaces. This study, performed under EPA standards, highlights TOMI's commitment to food safety and combating Transboundary Animal Disease (TAD) outbreaks.
In 2023, TOMI expanded its sales infrastructure by onboarding additional distributors and sales representatives, enhancing its domestic and international presence. The company is also focusing on diversifying its product line with innovations like the SteraMist® Hybrid, Transport, and Select Plus units. These efforts are expected to drive revenue growth and strengthen TOMI's market position.
Financially, TOMI has shown resilience despite challenges, with substantial growth in its sales pipeline and backlog. The company is also engaging in significant government relationships and receiving notable orders from sectors like pharmaceuticals and homeland security. These developments are poised to boost TOMI's revenue and market footprint.
TOMI is also committed to cost reduction initiatives to align its cost structure with profitability goals. The company expects a 30% reduction in operational cash use by the end of 2024, aiming for long-term shareholder value while maintaining innovation and growth momentum.
For more information, visit www.steramist.com or contact us at info@tomimist.com.
TOMI Environmental Solutions (NASDAQ: TOMZ) has secured a project to install a custom-engineered system for a major pharmaceutical company in Europe. This project, aimed at sterilizing key areas in compliance with European cGMP requirements, marks a significant opportunity for TOMI as it continues to recover from pandemic-related delays. The installation, projected for completion in Q4 2021, will utilize advanced software and represents TOMI's most intelligent system to date. The partnership may lead to further opportunities within the pharmaceutical sector, enhancing TOMI's growth trajectory.
TOMI Environmental Solutions, Inc. (Nasdaq:TOMZ) announced it will release its second quarter financial results for the period ended June 30, 2021, on August 16, 2021, after market close. A conference call to discuss these results will follow at 4:30 p.m. ET. Investors can participate by calling (888) 506-0062 for domestic calls or (973) 528-0011 for international calls, using access code 952095. The earnings report and a live webcast will be available on the company’s Investor Relations website.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has launched the SteraPak, an innovative mobile disinfection unit utilizing its patented ionized Hydrogen Peroxide (iHP) technology. This all-in-one product offers a cost-effective alternative to traditional electrostatic sprayers and is designed for maneuverability and ease of use in various environments. With features like cordless operation and compatibility with global power sources, the SteraPak aims to enhance disinfection capabilities amid ongoing health concerns. TOMI is currently accepting deposits and expects to fulfill orders in Q3 2021.
TOMI Environmental Solutions (NASDAQ: TOMZ) will join the Russell Microcap Index following the annual reconstitution on June 28, 2021. This inclusion reflects TOMI's growth and the adoption of its disinfection technology through its SteraMist product line. Membership in this index, which is widely used by investors for benchmarking, is expected to enhance TOMI's visibility and support its goal of building shareholder value. Approximately $10.6 trillion in assets are indexed to Russell's benchmarks.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has expanded its SteraMist technology implementation to four Catalent facilities, with plans for a fifth. This follows a robust history of purchases, including a new six-figure order. Catalent's validation department praised SteraMist's effectiveness in resolving contamination issues. Additionally, Catalent is interested in acquiring the upcoming SteraMist Select Plus units. Elissa J. Shane, TOMI's COO, noted the long-term partnership and growth potential within the life sciences sector.
TOMI Environmental Solutions (NASDAQ:TOMZ) announced its Q1 2021 financial results, reporting total net revenue of $2.1 million, down 70% from $7.1 million in Q1 2020. Equipment-based revenues decreased by 74% to $1.7 million, while BIT Solution-based revenues fell 60% to $0.4 million. The company faced challenges due to delayed capital expenditures and a remote work environment. Despite these challenges, TOMI is optimistic about future growth, highlighted by the anticipated launch of its SteraPak product and the expansion of its sales force.
TOMI Environmental Solutions (NASDAQ:TOMZ) announced advancements in its partnership with AV8R Solutions, focusing on the aviation industry. Since December 2020, AV8R has purchased five SteraMist Environment Systems to provide disinfection services to commercial airports and private aviation facilities. Projected growth includes further expansion into the restoration and remediation sectors through a partnership with RestorePro. This cross-sector collaboration is expected to significantly increase the consumption of TOMI’s Binary Ionization Technology (BIT) solution, requiring additional environmental systems by year's end.
On May 12, 2021, TOMI Environmental Solutions (NASDAQ: TOMZ) announced that CEO Dr. Halden Shane will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18 from 12:45 to 1:25 PM ET. During the event, he will engage in virtual one-on-one meetings with interested investors. The conference requires registration and is by invitation only. A public webcast of the presentation will be accessible at the provided link, with a replay available for 30 days.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) will report its Q1 2021 results on May 17, 2021, following the market close, and a conference call is scheduled for 4:30 p.m. ET. The company specializes in disinfection and decontamination through its Binary Ionization Technology (BIT) platform, marketed under the SteraMist brand. TOMI's products serve various sectors, including healthcare, hospitality, and food processing. A teleconference replay will be available until May 28, 2021. For more details, visit TOMI's investor relations website.
TOMI Environmental Solutions (NASDAQ:TOMZ) reported impressive financial results for 2020, achieving a 297% revenue increase to $25 million and a 95% growth in Q4 sales. CEO Dr. Halden Shane highlighted the pandemic's impact on disinfectant demand, expanding their customer base significantly. The company generated $4.4 million in net income, reversing a previous loss. Operating income stood at $4.5 million, compared to a loss of $2.1 million in 2019. TOMI plans to launch new products in 2021, including SteraBot and SteraPack, to further drive growth.
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