TOMI Environmental Receives Additional Orders for Custom Engineered Systems From Multinational Pharmaceutical Company

Rhea-AI Summary

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced the expanding use of its SteraMist decontamination products by a major U.S. pharmaceutical company. Initially adopted five years ago for small spaces, the company has progressively ordered more units, including mobile systems and full-room foggers, totaling around $1 million in expected revenue. Starting in 2023, these systems are projected to generate an annual revenue of approximately $250,000. TOMI's reputation as a disinfection standard continues to grow in the life sciences sector amid increasing investments in safety.

Positive

• Expansion of SteraMist products in a major pharmaceutical company indicates growing demand.
• Expected revenue of approximately $1 million from CES systems design and manufacturing.
• Recurring revenue of approximately $250,000 annually starting in 2023 from BIT solutions.

Negative

• None.

A Case Study -The Expansion of SteraMist Products in a Multinational Pharmaceutical Company

FREDERICK, Md., Sept. 27, 2022 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc. ® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, today announced that a U.S. based multinational pharmaceutical company is expanding the use of SteraMist decontamination products, advancing SteraMist as this pharmaceutical company’s decontamination standard.

The company originally began using SteraMist Environment Systems 5 years ago to disinfect and decontaminate small spaces in their animal health division. Since their initial purchase, the company has ordered multiple additional systems, including: three (3) mobile units for a second animal health location 2 years ago, followed by a divisional location adding three (3) SteraMist Environment Systems. This fiscal year, eight (8) Environment full room foggers were added to other divisional locations, the purchase of two (2) of these systems were ordered and delivered this quarter.

By the end of 2022, TOMI expects to complete the design and manufacturing of two (2) CES’s for the company totaling approximately $1 million in value with recurring BIT Solution sales for these two (2) systems expected to generate approximately $250,000 in revenue annually starting in 2023. A third CES has just received approval for their Delaware location.

“These purchases by one of our long-term existing customers are an indication of TOMI’s growing reputation as the standard for disinfection and decontamination in the life sciences industry,” Elissa J. (E.J.) Shane, COO of TOMI Environmental, commented. “Our industry is seeing tremendous interest and activity amidst a variety of new vaccine breakthroughs, drug research, and strength in the bioeconomy, and companies are accelerating their investments in disinfection and decontamination stay ahead of the competition. We are pleased to provide our products to both existing and new partners and to play a large role in keeping the labs and facilities that produce our vaccines and medicines safe from potentially harmful contaminates.”

TOMI™ Environmental Solutions, Inc.: Innovating for a safer world^®

TOMI™ Environmental Solutions, Inc. (NASDAQ:TOMZ) is a global decontamination and infection prevention company, providing environmental solutions for indoor surface disinfection through the manufacturing, sales and licensing of its premier Binary Ionization Technology^® (BIT^™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT^™ solution utilizes a low percentage Hydrogen Peroxide as its only active ingredient to produce a fog of ionized Hydrogen Peroxide (iHP^™). Represented by the SteraMist^® brand of products, iHP^™ produces a germ-killing aerosol that works like a visual non-caustic gas.

TOMI products are designed to service a broad spectrum of commercial structures, including, but not limited to, hospitals and medical facilities, cruise ships, office buildings, hotel and motel rooms, schools, restaurants, meat and produce processing facilities, military barracks, police and fire departments, and athletic facilities. TOMI products and services have also been used in single-family homes and multi-unit residences.

TOMI develops training programs and application protocols for its clients and is a member in good standing with The American Biological Safety Association, The American Association of Tissue Banks, Association for Professionals in Infection Control and Epidemiology, Society for Healthcare Epidemiology of America, America Seed Trade Association, and The Restoration Industry Association.

For additional information, please visit http://www.tomimist.com/ or contact us at info@tomimist.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements relating to partnerships with major pharmaceutical customers, the projected revenue to be generated from sale of CES to such customer, and the expectation to receive follow-on orders from customers. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, market and other conditions, the general business and economic conditions and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed by us with the SEC and other periodic reports we filed with the SEC. The information provided in this document is based upon the facts and circumstances known at this time. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law.

INVESTOR RELATIONS CONTACT

John Nesbett/Jennifer Belodeau
IMS Investor Relations
tomi@imsinvestorrelations.com 

FAQ

What is the significance of TOMI's recent announcement regarding SteraMist products?

TOMI Environmental Solutions announced that a major U.S. pharmaceutical company is expanding the use of its SteraMist decontamination products, signifying increased demand and a growing reputation in the life sciences sector.

How much revenue is TOMI expected to generate from the new SteraMist systems?

TOMI is expected to generate approximately $1 million from the design and manufacture of two CES systems, with an additional recurring revenue of around $250,000 annually starting in 2023.

When did the pharmaceutical company start using TOMI's SteraMist products?

The pharmaceutical company began using SteraMist products five years ago for disinfecting small spaces in their animal health division.

What types of systems are being expanded within the pharmaceutical company?

The pharmaceutical company is expanding its use of mobile units and full-room foggers from TOMI's SteraMist product line.

What does TOMI's growth in the life sciences sector indicate?

TOMI's growth in the life sciences sector indicates a rising need for disinfection and decontamination solutions amid advancements in vaccine development and drug research.