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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, Inc. (NASDAQ:TOMZ) will release its third-quarter financial results after market close on November 12, 2021. A conference call is scheduled for 4:30 p.m. ET to discuss these results. The company specializes in disinfection and decontamination technologies, particularly through its Binary Ionization Technology (BIT) platform and SteraMist product line. The call will be accessible via phone and a live webcast, with a replay available until November 26, 2021.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced EPA registration for its 0.35% hydrogen peroxide BIT Solution, expanding its market reach in food supply chain disinfection. This marks the third EPA registration for the company, allowing the product's use across pre-harvest to distribution phases for various agricultural products. The registration follows extensive research and testing, enabling the solution to combat harmful plant pathogens effectively. CEO Dr. Halden S. Shane expressed confidence that this product will transform food industry decontamination standards.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced that CEO Dr. Halden Shane will present at the LD Micro Main Event on October 12, 2021, at 6:30 PM ET. The presentation will cover TOMI's innovations in disinfection and decontamination technology, particularly their proprietary Binary Ionization Technology® (BIT™) using ionized Hydrogen Peroxide. This technology targets a wide range of commercial and residential environments. Interested parties can register to view the presentation online.
TOMI Environmental Solutions (NASDAQ: TOMZ) has secured a purchase order from a top-five multinational pharmaceutical company for its SteraMist Environment system and validation service. This initial order is intended for a new facility, with expectations of follow-on orders for multiple locations in the U.S. and Europe. TOMI's ionized Hydrogen Peroxide (iHP) technology is eco-friendly and produces no hazardous byproducts, aligning with the company's sustainability goals. The COO expressed confidence in expanding partnerships with prestigious life science customers, enhancing TOMI's market presence.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced the closing of a registered direct offering of 2,869,442 shares of common stock at $1.7425 per share, raising approximately $5.0 million. Investors also received warrants to purchase an additional 1,434,721 shares. The proceeds will be allocated towards sales and marketing expenses, inventory purchases, and general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for this transaction.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced a registered direct offering, selling 2,869,442 common shares at $1.7425 each, expected to yield approximately $5 million gross proceeds. Additionally, investors will receive warrants to purchase up to 1,434,721 shares at an exercise price of $1.68, valid for five years. Funds from this offering will support sales, marketing, inventory purchases, and other corporate needs. Closing is anticipated around September 29, 2021, pending customary conditions.
TOMI Environmental Solutions (NASDAQ: TOMZ) announced it has successfully passed the EN 17272 evaluation, the European standard for airborne room disinfection. This achievement positions TOMI to engage in Europe's medical, veterinary, and biological sectors, enhancing its international market presence. Test results indicated outstanding performance in phagocidal activities, distribution, and effectiveness of its SteraMist products, solidifying its standing as an industry standard. The company aims to leverage this success to promote its new SteraPak product and expand its global footprint.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has launched a new Amazon store featuring its SteraMist products, including the newly introduced SteraPak. This initiative, in partnership with Orca Pacific, aims to enhance product exposure and distribution for hospital-grade disinfectants. The SteraPak offers a cost-effective, versatile disinfection solution using ionized Hydrogen Peroxide, targeting both commercial and consumer markets. CEO Dr. Halden Shane emphasized this strategy as a complement to traditional sales methods, aiming to leverage Amazon's audience for increased market penetration.
TOMI Environmental Solutions, Inc.® (NASDAQ: TOMZ) announced that CEO Dr. Halden Shane will present at the H.C. Wainwright 23rd Annual Global Investment Conference on September 9, 2021. Dr. Shane will also hold one-on-one meetings throughout the day.
A company presentation will be available via webcasting starting September 13, with a replay accessible for 90 days. TOMI specializes in disinfection and decontamination through its Binary Ionization Technology (BIT) platform, particularly its SteraMist products, which utilize a low percentage of Hydrogen Peroxide.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) reported its second quarter financial results for 2021, revealing a significant revenue drop to $1.5 million from $10.0 million in the same period last year. This decline comes after a surge in demand due to COVID-19. Despite a slow sales volume across several divisions, TOMI anticipates increased demand in the latter half of 2021, driven by product innovation like the SteraPak system. The company projects strong sequential growth in Q3 and expects double-digit revenue growth in Q4, aiming to maintain its market position in disinfection solutions.
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