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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) will report its fourth quarter and full year 2020 results on March 30, 2021, post-market. The company specializes in disinfection via its Binary Ionization Technology (BIT) and SteraMist products. A conference call is set for 4:30 p.m. ET on the same day. Interested participants can join by phone or access a live webcast via TOMI's Investor Relations page. A replay will be available until April 13, 2021. TOMI develops solutions for various sectors including healthcare, hospitality, and food processing.
TOMI Environmental Solutions (NASDAQ: TOMZ) has appointed three new vice presidents to enhance its sales organization: Gary Zamieroski for Commercial, Patrick Griffin for Hospital-HealthCare, and Kim Larkin for Food Safety. Each brings extensive industry experience, with Zamieroski having over 35 years in various sectors, Griffin over 25 years in healthcare, and Larkin over 20 years in food safety. CEO Halden Shane highlighted the growing $19 billion global disinfectant market, projecting it to grow at 6.7% CAGR, and emphasized the importance of these appointments in expanding TOMI's market share.
TOMI Environmental Solutions (NASDAQ: TOMZ) has launched a purchase incentive program for its SteraMist disinfection products following a recall of Victory Innovations and Protexus Electrostatic Sprayers due to fire hazards. The program offers customers a discount equal to their previous purchase of the recalled products when they present proof of purchase. CEO Dr. Halden Shane emphasized the safety and efficacy of SteraMist, highlighting its EPA registration and rapid application capabilities. This initiative aims to rebuild consumer trust in disinfection solutions amidst growing safety concerns.
TOMI Environmental Solutions announced that its SteraMist iHP technology effectively sterilizes N95 masks, retaining filtration up to ten cycles, as shown in a study by the Greater Boston Pandemic Fabrication Team.
This technology addresses PPE shortages during the COVID-19 pandemic, making it a potential solution for busy medical centers. The study suggests that up to 7,200 masks could be sterilized daily, and TOMI is hopeful for FDA's Emergency Use Authorization.
TOMI Environmental Solutions (NASDAQ: TOMZ) announced successful validation of its SteraMist Surface Unit in a study conducted with the University of Virginia. The research demonstrated that the SteraMist technology achieved a kill of the SARS CoV-2 virus in just five seconds in real-world settings. The study confirmed no viable virus remained after treatment, enhancing TOMI's reputation in the disinfection market. Dr. Halden Shane emphasized the technology's effectiveness and materials compatibility, reinforcing TOMI's commitment to public health safety amidst ongoing challenges.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced a purchase order from Vigilant Hose Company (VHC) in Emmitsburg, Maryland, for its SteraMist disinfection technology. VHC, known as the most visited Firehouse globally, aims to enhance cleaning protocols for its training facilities to mitigate COVID-19 and other pathogens. COO Elissa J. Shane emphasized the efficacy of SteraMist in high-traffic areas. Following COVID-19, stringent disinfection practices are expected to persist, highlighting the significance of TOMZ's technology for public health.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has announced an expanded partnership with Rocky Mountain Construction (RMC) to provide high-level disinfection services to the Widefield School District as schools reopen after winter break. RMC previously used TOMI's SteraMist technology to disinfect approximately 1.5 million square feet across 21 facilities, significantly reducing infection rates, including SARS-COV-2. TOMI's COO highlighted the importance of their technology for ensuring safe environments for students and staff, reinforcing their commitment to public health in educational settings.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) announced that CEO Dr. Halden Shane will present at the Needham Virtual Growth Conference on January 15, 2021, at 11:30 AM ET. He will also be available for virtual one-on-one meetings throughout the day. TOMI specializes in disinfection and decontamination solutions, primarily using its Binary Ionization Technology (BIT) platform, which employs a low percentage of Hydrogen Peroxide for effective indoor surface disinfection. A public webcast of the presentation will be accessible for interested parties.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) has strengthened its partnership with Merakey Behavioral Health, providing critical disinfection services using its SteraMist technology, which utilizes ionized hydrogen peroxide. Merakey operates across 12 states, treating over 234,582 square feet quarterly to ensure safety against pathogens like COVID-19 and MRSA. The need for such technology has intensified due to COVID’s resurgence. Dr. Halden Shane emphasizes SteraMist's efficacy and non-toxic nature, positioning it as an essential solution for healthcare facilities amidst evolving health challenges.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) reported significant growth for its TOMI Service Network (TSN) members across North America in 2020, with notable revenue increases linked to its SteraMist products. G.S. Jones from Pittsburgh reported a striking 1,233% revenue growth to approximately $330,180, while Environmental Steri-Clean achieved a 554% increase, resulting in revenues of $611,933. TOMI's COO noted that this reflects the dedication of network members and showcases the adaptability of SteraMist technology amid rising health concerns due to the pandemic.
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