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Overview
TOMI Environmental Solutions Inc. (NASDAQ: TOMZ) is a globally recognized decontamination and infection prevention company that provides innovative environmental solutions focused on indoor surface disinfection. Utilizing its proprietary Binary Ionization Technology (BIT), the company manufactures, sells, and licenses its SteraMist platform of products, which harness a uniquely engineered, low concentration hydrogen peroxide solution. This state‐of‐the‐art technology, developed in collaboration with defense research agencies, has been instrumental in addressing chemical and biological threats, establishing TOMI as a trusted partner in environments where precision, safety, and efficiency are paramount.
Technology and Innovation
The cornerstone of TOMI’s offerings is its patented BIT technology. This innovative process activates and ionizes a 7.8% hydrogen peroxide solution to generate a fine mist or fog of ionized Hydrogen Peroxide (iHP). The resulting aerosol acts as a non‐corrosive, efficient decontaminant that eliminates microorganisms including bacteria, viruses, and fungi. Developed under a defense grant in partnership with agencies such as DARPA, this technology was engineered in response to critical contamination threats and remains unique in its ability to disinfect a range of sensitive materials, from delicate electronics to high-traffic facilities.
Products and Services
The SteraMist brand distinguishes TOMI’s comprehensive product portfolio, which includes systems designed for surface and environmental decontamination. Key products encompass:
- SteraMist Surface Unit – a solution for targeted area decontamination.
- SteraMist Environment System – designed for whole-room or facility-wide disinfection.
- SteraMist Total Disinfection Cart – enabling mobile deployment in diverse settings.
- Custom Engineered Systems (CES) – tailored to meet specific industrial and institutional decontamination requirements.
In addition to manufacturing and direct sales, the company leverages a licensing model for its proprietary technology, thereby establishing a recurring revenue stream and broadening its market reach. The integration of service and training programs ensures that customers consistently achieve optimal disinfection results while adhering to stringent safety protocols.
Industries Served
TOMI’s decontamination solutions are engineered for a broad spectrum of applications. Its products and systems are widely used in:
- Healthcare Facilities: Hospitals, medical centers, and biosafety laboratories that require rigorous infection control.
- Life Sciences and Research: Pharmaceutical labs and research institutions where contamination control is critical.
- Commercial and Institutional Buildings: Office complexes, schools, and universities that benefit from non-corrosive, high-efficiency disinfection.
- Transportation and Public Venues: Cruise ships, sports facilities, and public transportation centers needing rapid, effective sanitation.
- Government and Defense: Facilities that require robust decontamination solutions to address both routine and emergency threats.
Business Model and Value Proposition
TOMI Environmental Solutions operates on a multi-faceted business model that includes direct sales, licensing of its patented BIT technology, and customized service offerings. This diversified approach allows the company to generate recurring revenues while maintaining high margins through its innovative decontamination solutions. The razor/razor-blade model is evident in how the company leverages its foundational BIT technology to drive ongoing services and integration, setting a strong standard in the field of infection prevention.
Market Position and Competitive Landscape
In a competitive environment where effective decontamination is critical, TOMI differentiates itself through its advanced technological platform and a rich history in research-backed innovation. The company has carved out a unique niche by developing a non-corrosive, efficient cleaning solution that minimizes downtime and protects sensitive materials. This is particularly vital in sectors such as healthcare and life sciences, where operational continuity and precision decontamination are non-negotiable. TOMI’s adherence to rigorous safety standards and its capacity to create tailored solutions further reinforce its standing within the market.
Commitment to Quality, Safety, and Compliance
TOMI demonstrably maintains high levels of expertise and trustworthiness through ongoing training programs, comprehensive application protocols, and adherence to industry-specific regulatory standards. The company is associated with multiple professional organizations dedicated to biosafety and infection control, which underscores its commitment to quality and continuous improvement. This robust framework of operational excellence instills confidence in both the efficacy and safety of its decontamination solutions.
Operational Excellence and Global Reach
With a global footprint, TOMI Environmental Solutions has established partnerships with a diverse set of clients, ranging from academic institutions and commercial enterprises to government agencies and military installations. Its emphasis on scalable, customizable systems enables it to address varied decontamination needs across different geographic regions. The company’s proficiency in rapidly deploying technology in response to emergent threats underscores its operational flexibility and technical expertise, ensuring that indoor environments remain safe and contamination-free.
Integrated Research and Development
The continuous evolution of TOMI’s product line is supported by a strong R&D infrastructure dedicated to advancing decontamination technology. By integrating feedback from practical applications in high-stakes environments, the company refines its solutions to enhance performance, safety, and ease of use. This iterative process not only fosters innovation but also solidifies the company’s reputation as an expert in the field of environmental decontamination and infection control.
Overall, TOMI Environmental Solutions stands as a comprehensive provider of decontamination and infection prevention solutions. Its innovative BIT technology and versatile SteraMist platform address the growing need for swift, effective, and safe decontamination across multiple industries. This enduring commitment to technological excellence, operational reliability, and customer-focused innovation positions TOMI as a significant entity within its competitive landscape, catering to stakeholders who value precision, efficiency, and state-of-the-art safety protocols.
By offering reliable, scalable, and innovative decontamination systems, TOMI not only meets current market demands but also continually refines its solutions to address evolving challenges in the realm of infection prevention and environmental safety.
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.
TOMI Environmental Solutions (NASDAQ:TOMZ) has received a follow-on order from ITH Pharma Limited for a second SteraMist Custom Engineered System (CES). This follows initial success at ITH's refurbished facility, which is crucial for meeting stringent decontamination standards set by regulatory bodies. With this order, ITH aims to boost compliance in aseptic compounding, particularly for COVID-19 testing supplies. Starting in 2021, ITH will place recurring orders for 100 gallons per month of BIT Solution, enhancing TOMI's revenue stream. The partnership highlights the growing demand for effective disinfection technologies.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) continues to expand its SteraBot™ deployment, which is a disinfection robot developed in partnership with RV Automation Technology. The robot has been successfully launched in five locations, including educational and healthcare facilities in Hong Kong and Lithuania. SteraBot aims to enhance disinfection accuracy and efficiency, reducing human error and operational costs. CEO Dr. Halden Shane highlights growing market interest in robotic disinfection solutions, indicating a positive outlook for future demand.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has engaged IMS Investor Relations to enhance its investor communication strategies. CEO Halden S. Shane highlighted the significant uptake of TOMI’s disinfection technology over the past year, driven by its recent NASDAQ uplisting. Notably, the company reported a 376% revenue increase in the first nine months of 2020, reaching $21.4 million, up from $4.5 million in the same period last year. The patented SteraMist technology is gaining recognition across various sectors, including healthcare and food safety, underlining TOMI's growth potential.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) continues to advance its intellectual property protection for its innovative Binary Ionization Technology (BIT) through its SteraMist products. The company has received registration from the Australian Register of Therapeutic Goods and issued a first patent for its ionized Hydrogen Peroxide (iHP) technology in Australia. TOMI holds over 40 patents globally and is pursuing additional applications in various regions including the U.S. and EU. With over 55 trademarks approved, TOMI emphasizes the importance of its intellectual property in expanding its disinfection technology.
In its Q3 2020 results, TOMI Environmental Solutions (NASDAQ: TOMZ) reported total net revenue of $4.29 million, a 168% increase from Q3 2019. Year-to-date revenue surpassed $21 million, reflecting a 376% year-over-year growth. SteraMist equipment revenue surged by 340%, while BIT solution revenue rose 183%. The company achieved a net income of $1.02 million or $0.06 per share, compared to a net loss of $0.24 million the previous year. Despite gross margin decline to 66.1%, the demand for disinfecting solutions is increasing, and new product developments are underway.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) focuses on disinfection and decontamination through its Binary Ionization Technology (BIT). They will report Q3 2020 financial results on November 12, 2020, at 1:30 p.m. PT. The company provides solutions for various sectors, including healthcare and hospitality, using its SteraMist products, which utilize ionized Hydrogen Peroxide (iHP). TOMI is affiliated with multiple industry organizations, promoting safety and application protocols in infection control.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) specializes in disinfection through its Binary Ionization Technology (BIT) platform, particularly with its SteraMist product line using ionized Hydrogen Peroxide. CEO Dr. Halden Shane discussed recent developments, including TOMI's uplisting to NASDAQ and advancements in SteraMist technology, during an interview on TDAmeritrade. The company serves various sectors such as healthcare, food processing, and residential markets, with a focus on effective infection prevention solutions.
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