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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 commented on the EPA's proposed restrictions to limit Ethylene Oxide (EtO) emissions by 80%. This decision could disrupt the sterilization market for approximately 20 billion medical devices sterilized annually with EtO, potentially creating a significant demand for alternatives like TOMI's patented Binary Ionization Technology (BIT™). SteraMist, TOMI's product, offers superior disinfection with a decontamination efficacy of 99.9999%, using only hydrogen peroxide. Unlike EtO, it emits no carcinogenic byproducts and can sterilize equipment without causing temperature damage. TOMI aims to aid the healthcare industry in transitioning to safer practices while addressing the growing concerns about EtO exposure, which has been linked to an increased cancer risk.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced on April 24, 2023, the addition of four independent manufacturing representatives and distributors to its network, enhancing its presence in key markets. The new partners include JANZ Corporation, New England Scientific Associates (NESA), Crow Food Safety (Pty) Ltd, and ARES Scientific, all bringing expertise in government, life sciences, and food safety sectors. These collaborations aim to improve the supply chain and operational efficiency of TOMI's SteraMist products, as evidenced by recent orders in Q1 2023. Notably, JANZ Corporation has existing government contracts, providing TOMI an opportunity to penetrate the government market. The partnerships position TOMI for growth in both U.S. and global markets, with additional potential distributors being explored.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced its participation in several industry tradeshows, including CETA International and INTERPHEX Conference, showcasing its SteraMist products. These events aim to engage with professionals from various sectors, emphasizing effective disinfection protocols. TOMI will present its Binary Ionization Technology (BIT™) at these tradeshows to industries such as life sciences and emergency services, underscoring its commitment to combating infectious diseases. The scheduled tradeshows will be held between April 21 and April 29, 2023, across Orlando, College Park, Indianapolis, and New York.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) reported its financial results for Q4 and full year 2022, showcasing growth in revenue and a significant reduction in losses. Total net revenue for Q4 was $2.81 million, an increase of 40% year-over-year, while annual revenue rose by 8% to $8.34 million. Notably, the net loss shrank by 58% to $2.88 million, with an adjusted EBITDA loss of $1.90 million. The company attributes this growth to increased demand for its CES systems and mobile equipment, with a recognized revenue and backlog of $10.4 million. Additionally, TOMI has seen a robust sales pipeline, receiving over $10 million in orders from global clients.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) will report its fourth-quarter results for the period ending December 31, 2022, on March 16, 2023, post-market. A conference call will follow at 4:30 p.m. ET. Investors can participate by calling 877-545-0523 (international: 973-528-0016) and using access code 105041. A replay will be available until March 30, 2023. TOMI specializes in disinfection solutions through its patented Binary Ionization Technology (BIT™), primarily used in various sectors including healthcare, pharmaceuticals, and food processing.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced its participation in three upcoming ISPE Conferences in early 2023, showcasing its SteraMist disinfection products. The events include the ISPE Facilities of the Future Conference in Bethesda, MD (January 31-February 1), the ISPE-CaSA Life Sciences Technology Conference in Raleigh, NC (February 28), and the ISPE Aseptic Conference back in Bethesda, MD (March 6-7). These conferences serve as a platform for TOMI to highlight its advanced decontamination technologies to a wide audience within the pharmaceutical engineering sector, reinforcing its commitment to innovation in the life sciences market.
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