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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 (NASDAQ: TOMZ) is actively monitoring the recent H5N1 bird flu outbreak in California, declared a state of emergency. With 61 reported cases in the US since April 2024 and the CDC confirming the first severe human case, TOMI is poised to contribute its specialized disinfection and decontamination solutions to combat the outbreak.
The company's SteraMist iHP cold plasma technology has demonstrated efficacy against a wide spectrum of microorganisms, including avian influenza. Studies by the USDA, Arkema, and various universities validate its effectiveness in the food industry.
CEO Dr. Halden Shane emphasized TOMI's readiness to deploy SteraMist to protect public health and mitigate the spread of H5N1. The company is collaborating with healthcare providers, government agencies, and other organizations to implement comprehensive infection control strategies.
TOMI, innovating for a safer world, offers its Binary Ionization Technology® (BIT™) platform, developed with DARPA, utilizing ionized Hydrogen Peroxide (iHP™) for superior disinfection in various settings.
TOMI Environmental Solutions (NASDAQ: TOMZ) has expanded its partnership with Betatek, Inc. in Canada, elevating the latter from an independent manufacturing representative to an official SteraMist distributor. This strategic expansion follows Betatek's successful track record since 2017, including onboarding notable clients like the University of Toronto Mississauga and CCRM. The partnership enhancement was marked by Betatek's purchase of the new SteraMist Integrated System (SIS) Standalone.
The strengthened collaboration aims to better serve the growing Canadian life science market, particularly focusing on animal laboratory facilities. Betatek's local market expertise combined with TOMI's decontamination technologies will help address increasing demand in these sectors.
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.
TOMI Environmental Solutions (NASDAQ: TOMZ) reported strong Q3 2024 results, marking its second consecutive profitable quarter. Revenue increased 73% year-over-year to $2.5 million, with year-to-date revenue reaching $6.7 million, up 14.5% from 2023. The company achieved operating income of $149,000 and net income of $59,000, driven by increased revenue, improved margins, and strategic cost reductions. International revenue grew 82%, with new customers in Canada, South Africa, and India. Operating expenses decreased 10% compared to the same period last year. The company's food safety sector presence expanded with a 208% increase in end users since 2020.
TOMI Environmental Solutions (NASDAQ: TOMZ) announced preliminary Q3 2024 financial results showing strong growth and continued profitability. The company expects a 73% revenue increase for Q3 2024 compared to Q3 2023, and a 14.5% increase for the first nine months of 2024. BIT Solution sales are projected to rise 13% YTD, while SteraMist mobile equipment sales are expected to grow 90% YTD. International sales show significant growth with a 230% increase in Q3 2024 over Q3 2023, contributing to an 82% increase YTD. The company expanded into India and strengthened its presence in South Africa through key customer partnerships, while also advancing into consumer healthcare through collaborations with Edgewell Personal Care and Reckitt Benckiser Group.
TOMI Environmental Solutions (NASDAQ: TOMZ) has secured a contract with Malaysia's National Institute of Forensic Medicine (IPFN) for its newly launched SteraMist Integrated System - Standalone (SIS-SA). The system will be deployed in IPFN's Biosafety Level 3 autopsy room. The contract was secured through TOMI's long-term partner, Kumpulan Novalab Sdn Bhd, which is pursuing multiple government bids in the region. This development represents strategic progress in TOMI's global expansion efforts and demonstrates growing recognition of their iHP technology, particularly as government entities are adopting it without competitive bidding.
TOMI Environmental Solutions (NASDAQ: TOMZ) has scheduled its Third Quarter 2024 financial results conference call for October 30, 2024, after market close. The company will host a conference call at 4:30 p.m. ET, accessible via phone at (888) 506-0062 (US) or (973) 528-0011 (International) with access code 617413. A webcast replay will be available for 90 days, and a teleconference replay until November 6, 2024. TOMI specializes in decontamination solutions through its Binary Ionization Technology platform, which uses ionized Hydrogen Peroxide technology for disinfection across various sectors.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has launched the SteraMist Integrated System - Standalone (SIS-SA), a revolutionary solution for cleanroom and laboratory decontamination. The SIS-SA addresses critical challenges in the Biological Safety Cabinets (BSCs) industry, offering reliable and efficient decontamination for BSCs and other small enclosed spaces.
The system simplifies daily disinfection in highly controlled environments, replacing labor-intensive and inconsistent processes. Multiple successful deployments in Q3 2024 highlight its potential as a cornerstone solution for high-standard disinfection environments. The growing BSC market, driven by pharmaceutical research, biotechnology, and healthcare sectors, presents a significant opportunity for the SIS-SA.
TOMI's COO, E.J. Shane, emphasized the SIS-SA's ability to solve persistent challenges for customers, ensuring consistent decontamination and helping facilities maintain compliance and operational efficiency.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced record Q3 2024 revenue for its iHP Corporate Service division, expecting approximately $650,000 for the three months ended September 30, 2024. This significantly surpasses historical averages of about $250,000 per quarter or $1 million annually. The growth reflects increased demand for TOMI's iHP services, particularly in the life sciences sector.
Key developments include:
- Expansion of market share in life sciences
- Multi-year service contracts with major clients like MD Anderson Cancer Center, LFB USA, and Pfizer
- Anticipated continued growth in service demand across multiple industries
TOMI plans to announce full Q3 financial results, including total revenue, on October 30th, 2024.
TOMI Environmental Solutions (NASDAQ: TOMZ), a global leader in disinfection and decontamination through its Binary Ionization Technology (BIT) platform under the SteraMist brand, announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference. Elissa J. Shane, COO, and Joe Rzepka, CFO, will present on September 9, 2024, at 3:00 pm ET in the Roswell room, 4th Floor, at the Lotte New York Palace Hotel, NYC.
TOMI offers environmental solutions utilizing patented ionized Hydrogen Peroxide (iHP) technology, developed in collaboration with DARPA. Its versatile products serve various sectors, including hospitals, biosafety labs, and schools. The company will be available for one-on-one meetings throughout the conference. For more information, visit SteraMist or contact info@tomimist.com.
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