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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) announced significant advancements for its SteraMist disinfection technology in the food safety industry during the International Association for Food Production Annual Meeting. The SteraMist iHP technology effectively preserves the shelf life of produce and eliminates harmful pathogens, as supported by recent studies. SteraMist demonstrated a dramatic reduction of fungal growth in a large-scale vertical farm, showcasing its efficacy against pathogens causing substantial crop losses. TOMI aims for SteraMist to become a standard in food safety disinfection.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has received multiple purchase orders for its iHP Custom Engineered System (CES), highlighting increased global interest in its decontamination technology. The orders include an implementation in four lab rooms at a major biologics development company, expected to generate approximately $730,000 in Q4 2022 revenue. Additionally, a biotechnology firm has ordered a system for a new decontamination room, projecting another $150,000 in revenue. TOMI's SteraMist technology is recognized for its speed, efficiency, and material compatibility.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) announced its inclusion on the EPA's List Q for disinfectants effective against emerging viral pathogens, including Monkeypox and SARS-CoV-2. This recognition positions TOMI's SteraMist product line as a reliable solution for disinfection during outbreak scenarios. The BIT solution, highlighted for its efficacy and safety, utilizes ionized Hydrogen Peroxide technology to provide effective decontamination. CEO Dr. Halden Shane expressed satisfaction with the EPA recognition, reinforcing the credibility and environmental safety of TOMI's products.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) will attend INTERPHEX 2022 from May 24-26 at the Javits Center, NYC. The event showcases TOMI's SteraMist technology, which provides a six-log kill decontamination via its innovative Binary Ionization Technology (BIT). Demonstrations will feature three main SteraMist units: the Environment System, Surface Unit, and SteraPak. TOMI aims to connect with current and potential clients, enhancing its presence in the pharmaceutical and biotechnology sectors, where industry leaders gather. COO Elissa Shane expressed enthusiasm for the conference to highlight SteraMist's advantages.
TOMI Environmental Solutions (NASDAQ:TOMZ) announced that CEO Dr. Halden Shane will present at the H.C. Wainwright Global Investment Conference on May 25, 2022, at 2:00 p.m. ET. Investors can register for the live presentation through a provided link. TOMI specializes in disinfection and decontamination, utilizing its Binary Ionization Technology (BIT) platform through the SteraMist brand. Its products are used in various sectors, including healthcare, hospitality, and food processing. For further details, visit TOMI's website or contact investor relations.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) reported its Q1 2022 financial results, highlighting an 11% year-over-year revenue increase to $2.3 million. Gross margin rose to 61.5%, while operating loss improved by $850,000, reaching $660,000. The company received $3.5 million in orders, primarily driven by demand for its mobile equipment and custom-engineered systems. Notably, cash flow from operations turned positive, reflecting customer deposits. The firm expanded production capabilities through partnerships and aims to continue this growth throughout 2022.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) will announce its first-quarter financial results for 2022 on May 5, post-market close. The company, known for its Binary Ionization Technology (BIT) via the SteraMist brand, will also host a conference call at 4:30 p.m. ET the same day. Interested participants can join via phone or a live webcast. The press release emphasizes TOMI's dedication to providing advanced disinfection solutions across various sectors, including healthcare and hospitality, ensuring a safer environment through innovative technology.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced a positive business outlook in an interview with Proactive Investors. CEO Dr. Halden Shane highlighted approximately $3.5 million in orders for Custom Engineered Systems during the first quarter, with numerous projects in progress. The company possesses over $5 million in cash and hard assets exceeding $10 million. Dr. Shane anticipates a strong year for sales across all TOMI products, driven by a robust first quarter performance.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) showcased its disinfection technology at FDIC International from April 25-30, 2022, in Indianapolis. The company emphasized the effectiveness of its SteraMist product, designed to eliminate harmful pathogens on emergency service gear, thereby protecting firefighters and their families. During the event, TOMI also introduced the SteraPak, a portable disinfection solution for emergency services. CEO Dr. Halden Shane expressed excitement about presenting TOMI's innovative solutions to industry professionals.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) reported positive preliminary results for Q1 2022. The company achieved cash flow positivity from operations for the first time since Q2 2020, with expected sales growth of approximately 11% year-over-year and 15% sequentially. In total, TOMI secured about $3.5 million in orders, anticipating $3.2 million in revenue for the year. New orders for Custom Engineered Systems (CES) are promising, and production capabilities are enhanced through partnerships. However, TOMI faces a compliance challenge with Nasdaq due to its stock price falling below $1.00.
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