TOMI Environmental Solutions Expands Partnership With A Global Leader in Laboratory Services
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has expanded its partnership with a global leader in laboratory testing and diagnostics services. The company received a $715,000 order for SteraMist mobile equipment and a Custom Engineered System (CES) to support the expansion of the client's Wisconsin facility. The order includes two mobile Environment Systems and a seven-applicator iHP CES system for three decontamination rooms.
TOMI's COO, Elissa J. Shane, highlighted the effectiveness of their SteraMist iHP technology in meeting the stringent demands of the life sciences sector. The company anticipates securing contracts with various institutions and expects growth within its custom and integration lines, which will drive recurring BIT-solution revenue.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) ha ampliato la sua partnership con un leader globale nei servizi di test di laboratorio e diagnostica. L'azienda ha ricevuto un ordine di $715.000 per attrezzature mobili SteraMist e un Sistema Ingegnerizzato Personalizzato (CES) per supportare l'espansione della struttura del cliente in Wisconsin. L'ordine comprende due Sistemi Ambientali mobili e un sistema CES iHP con sette applicatori per tre stanze di decontaminazione.
Il COO di TOMI, Elissa J. Shane, ha sottolineato l'efficacia della loro tecnologia SteraMist iHP nel soddisfare le esigenze rigorose del settore delle scienze della vita. L'azienda prevede di ottenere contratti con diverse istituzioni e si aspetta una crescita nelle sue linee di prodotti personalizzati e integrazione, che sottolineeranno le entrate ricorrenti dal BIT-solution.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) ha ampliado su asociación con un líder global en servicios de pruebas de laboratorio y diagnóstico. La empresa recibió un pedido de $715,000 para equipos móviles SteraMist y un Sistema Ingenierizado Personalizado (CES) para apoyar la expansión de la instalación del cliente en Wisconsin. El pedido incluye dos Sistemas Ambientales móviles y un sistema CES iHP con siete aplicadores para tres salas de descontaminación.
La COO de TOMI, Elissa J. Shane, destacó la efectividad de su tecnología SteraMist iHP para satisfacer las estrictas demandas del sector de las ciencias de la vida. La empresa anticipa asegurar contratos con diversas instituciones y espera un crecimiento en sus líneas de personalización e integración, lo que impulsará ingresos recurrentes de la solución BIT.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ)는 글로벌 실험실 테스트 및 진단 서비스 리더와의 파트너십을 확대했습니다. 회사는 고객의 위스콘신 시설 확장을 지원하기 위해 SteraMist 이동 장비와 맞춤형 엔지니어링 시스템(CES)에 대해 $715,000의 주문을 받았습니다. 이 주문에는 두 개의 이동 환경 시스템과 세 개의 탈오염실을 위한 일곱 적용기 iHP CES 시스템이 포함됩니다.
TOMI의 COO인 Elissa J. Shane은 생명 과학 부문의 엄격한 요구를 충족하는 데 있어 SteraMist iHP 기술의 효과를 강조했습니다. 회사는 다양한 기관과 계약을 체결할 것으로 예상하고 있으며 고객 맞춤형 및 통합 라인에서 성장할 것으로 기대하고 있습니다. 이는 반복적인 BIT 솔루션 수익을 촉진할 것입니다.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) a élargi son partenariat avec un leader mondial dans les services de tests de laboratoire et de diagnostic. L'entreprise a reçu une commande de 715 000 $ pour des équipements mobiles SteraMist et un Système Ingénierie Personnalisé (CES) afin de soutenir l'expansion de l'installation du client dans le Wisconsin. La commande comprend deux Systèmes Environnementaux mobiles et un système CES iHP à sept applicateurs pour trois salles de décontamination.
Le COO de TOMI, Elissa J. Shane, a souligné l'efficacité de leur technologie SteraMist iHP pour répondre aux exigences strictes du secteur des sciences de la vie. L'entreprise prévoit de sécuriser des contrats avec diverses institutions et s'attend à une croissance de ses lignes de produits personnalisés et d'intégration, ce qui générera des revenus récurrents issus de la solution BIT.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) hat seine Partnerschaft mit einem globalen Marktführer im Bereich Laboruntersuchung und Diagnosetechnik erweitert. Das Unternehmen erhielt einen Auftrag über $715.000 für mobile SteraMist-Ausrüstung sowie ein maßgeschneidertes Ingenieur-System (CES), um die Expansion der Anlage des Kunden in Wisconsin zu unterstützen. Der Auftrag umfasst zwei mobile Umweltsysteme und ein iHP CES-System mit sieben Applikatoren für drei Dekontaminierungsräume.
TOMIs COO, Elissa J. Shane, hob die Effektivität ihrer SteraMist iHP-Technologie bei der Erfüllung der strengen Anforderungen des Lebenswissenschaftssektors hervor. Das Unternehmen erwartet, Verträge mit verschiedenen Institutionen abzuschließen und rechnet mit einem Wachstum in seinen maßgeschneiderten und Integrationslinien, was wiederkehrende Einnahmen aus der BIT-Lösung antreiben wird.
- Received a $715,000 order for equipment and custom system
- Expanded partnership with a global leader in laboratory services
- Anticipates securing contracts with international government facilities, academic institutions, and pharmaceutical companies
- Expects growth in custom and integration lines
- Potential for increased recurring BIT-solution revenue
- None.
The
However, investors should note that while this order is significant, it's not transformative for a company with a market cap around
TOMI's expansion in the laboratory services sector aligns with the growing demand for advanced decontamination solutions in life sciences. The company's ability to secure repeat business and expand its footprint within existing client facilities indicates strong product performance and customer trust. The mention of potential contracts with international government facilities, academic institutions and pharmaceutical companies suggests a diverse target market, which could help mitigate sector-specific risks.
However, investors should be cautious about the lack of specific growth metrics or market share data. While the company hints at experiencing growth, concrete figures would provide a clearer picture of TOMI's market position. The emphasis on custom solutions could be a double-edged sword - offering competitive advantage but potentially limiting scalability. Monitoring the balance between customization and standardization will be important for assessing TOMI's long-term growth potential in the decontamination market.
FREDERICK, Md., Aug. 22, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, announced the expansion of its partnership with a global leader in laboratory testing and diagnostics services with multiple mobile equipment purchases and a Custom Engineered System (CES) to support the expansion of their Wisconsin facility.
The client initially became a customer of TOMI in 2021 and recently purchased additional equipment to support cell gene therapy at its Wisconsin facility. The order of
“We are thrilled to expand our partnership with a renowned laboratory service company by delivering advanced decontamination solutions tailored to their needs. Lab processing companies require rapid, non-corrosive disinfection solutions, and the continued adoption of our SteraMist iHP technology underscores its effectiveness in meeting the stringent demands of the life sciences sector,” Elissa J. Shane, TOMI’s COO, states.
“We eagerly anticipate successfully installing our Custom Engineered System, which will streamline their decontamination process. As long-term opportunities are maturing, TOMI is experiencing growth within its custom and integration lines. In the near term, we expect to secure contracts with international government facilities, academic institutions, pharmaceutical companies, toxin specialists, and an existing customer utilizing a combination of CES and Hybrid systems. As we secure additional contracts across various sectors, we are confident that our custom and integration lines will continue to drive recurring BIT-solution revenue.”
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 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 and uses patented ionized Hydrogen Peroxide (iHP™) technology in all SteraMist systems to create superior disinfection. TOMI products are designed to service a broad spectrum of use sites, including, but not limited to, hospitals and medical facilities, biosafety labs, pharmaceutical facilities, commercial and office buildings, schools, restaurants, meat and produce processing facilities, and police and fire departments.
For additional information, please visit http://www.steramist.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 partnership with laboratory service company. 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, our ability to maintain and manage growth and generate sales, our reliance on a single or a few products for a majority of revenues; 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, 2023 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/Rosalyn Christian
IMS Investor Relations
tomi@imsinvestorrelations.com
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