TOMI Environmental Solutions Expands Presence in Canadian Market Through Enhanced Partnership with Betatek, Inc.
TOMI Environmental Solutions (NASDAQ: TOMZ) has expanded its partnership with Betatek, Inc. in Canada, elevating the latter from an independent manufacturing representative to an official SteraMist distributor. This strategic expansion follows Betatek's successful track record since 2017, including onboarding notable clients like the University of Toronto Mississauga and CCRM. The partnership enhancement was marked by Betatek's purchase of the new SteraMist Integrated System (SIS) Standalone.
The strengthened collaboration aims to better serve the growing Canadian life science market, particularly focusing on animal laboratory facilities. Betatek's local market expertise combined with TOMI's decontamination technologies will help address increasing demand in these sectors.
TOMI Environmental Solutions (NASDAQ: TOMZ) ha ampliato la sua partnership con Betatek, Inc. in Canada, elevando quest'ultima da rappresentante indipendente a distributore ufficiale di SteraMist. Questa espansione strategica segue il successo di Betatek dal 2017, inclusi importanti clienti come l'Università di Toronto Mississauga e CCRM. Il potenziamento della partnership è stato segnato dall'acquisto da parte di Betatek del nuovo SteraMist Integrated System (SIS) Standalone.
La collaborazione rafforzata mira a servire meglio il crescente mercato canadese delle scienze della vita, concentrandosi in particolare sulle strutture di laboratorio per animali. L'esperienza di Betatek nel mercato locale, unita alle tecnologie di decontaminazione di TOMI, aiuterà a soddisfare la crescente domanda in questi settori.
TOMI Environmental Solutions (NASDAQ: TOMZ) ha ampliado su asociación con Betatek, Inc. en Canadá, elevando a esta última de representante de fabricación independiente a distribuidor oficial de SteraMist. Esta expansión estratégica sigue el exitoso historial de Betatek desde 2017, que incluye la incorporación de clientes destacados como la Universidad de Toronto Mississauga y CCRM. La mejora de la asociación se destacó por la compra por parte de Betatek del nuevo SteraMist Integrated System (SIS) Standalone.
La colaboración fortalecida tiene como objetivo servir mejor al creciente mercado canadiense de ciencias de la vida, enfocándose particularmente en las instalaciones de laboratorio para animales. La experiencia de Betatek en el mercado local, combinada con las tecnologías de decontaminación de TOMI, ayudará a abordar la creciente demanda en estos sectores.
TOMI Environmental Solutions (NASDAQ: TOMZ)는 캐나다의 Betatek, Inc.와의 파트너십을 강화하여 후자를 독립 제조 대표에서 공식 SteraMist 배급업체로 격상시켰습니다. 이 전략적 확장은 2017년 이후 Betatek의 성공적인 실적을 바탕으로 하며, 토론토 미시소거대학교 및 CCRM과 같은 주요 고객을 포함합니다. 파트너십 강화는 Betatek이 새로운 SteraMist Integrated System (SIS) Standalone을 구매한 것으로 기념되었습니다.
강화된 협력은 성장하는 캐나다 생명 과학 시장, 특히 동물 실험실 시설에 더 나은 서비스를 제공하는 것을 목표로 합니다. Betatek의 현지 시장 전문성과 TOMI의 오염 제어 기술이 혼합되어 이러한 분야의 증가하는 수요에 대응할 것입니다.
TOMI Environmental Solutions (NASDAQ: TOMZ) a élargi son partenariat avec Betatek, Inc. au Canada, élevant ce dernier d'une représentation manufacturière indépendante à un distributeur officiel de SteraMist. Cette expansion stratégique fait suite au parcours couronné de succès de Betatek depuis 2017, y compris l’intégration de clients notables tels que l’Université de Toronto Mississauga et CCRM. Le renforcement du partenariat a été marqué par l'achat par Betatek du nouveau SteraMist Integrated System (SIS) Standalone.
La collaboration renforcée vise à mieux servir le marché canadien des sciences de la vie en pleine croissance, en mettant particulièrement l'accent sur les installations de laboratoire animal. L'expertise locale de Betatek, combinée aux technologies de décontamination de TOMI, contribuera à répondre à la demande croissante dans ces secteurs.
TOMI Environmental Solutions (NASDAQ: TOMZ) hat seine Partnerschaft mit Betatek, Inc. in Kanada erweitert und letztere von einem unabhängigen Handelsvertreter zu einem offiziellen SteraMist-Distributor ernannt. Diese strategische Expansion folgt auf Betateks erfolgreichen Verlauf seit 2017, einschließlich bedeutender Kunden wie der University of Toronto Mississauga und CCRM. Die Stärkung der Partnerschaft wurde durch Betateks Kauf des neuen SteraMist Integrated System (SIS) Standalone gekennzeichnet.
Die verstärkte Zusammenarbeit zielt darauf ab, den wachsenden kanadischen Markt für Lebenswissenschaften besser zu bedienen, wobei der Schwerpunkt insbesondere auf Tierlaboren liegt. Betateks lokale Marktexpertise kombiniert mit TOMIs Dekontaminationstechnologien wird dazu beitragen, der steigenden Nachfrage in diesen Bereichen gerecht zu werden.
- Expansion of distribution network in Canadian market
- Successful conversion of long-term partner to official distributor
- Purchase of new SteraMist Integrated System by Betatek
- Access to established client base including University of Toronto and CCRM
- None.
Insights
The expansion of TOMI's partnership with Betatek in Canada represents a strategic but modest business development. While the transition from manufacturing representative to distributor indicates growing market demand, the immediate financial impact appears The deal's main value lies in strengthening TOMI's distribution network and potential future growth in the Canadian life science and animal laboratory sectors.
The purchase of the SteraMist Integrated System by Betatek demonstrates product validation, but with TOMI's small market cap of
The SteraMist technology, based on Binary Ionization Technology (BIT) and ionized Hydrogen Peroxide (iHP), offers a competitive advantage in the disinfection market. The platform's development through DARPA funding adds credibility to its technical capabilities. The system's versatility across multiple sectors - from hospitals to food processing facilities - provides diverse market opportunities.
The latest product, SteraMist Integrated System (SIS) Standalone, indicates continued innovation in the product line. However, without specific performance metrics or pricing details, it's challenging to assess its market impact. The technology's use of low percentage hydrogen peroxide as the sole active ingredient could appeal to facilities seeking effective yet environmentally conscious solutions.
FREDERICK, Md., Dec. 17, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, today announced the expansion of its partnership with Betatek, Inc. ("Betatek"), transitioning the long term Canadian partner from an independent manufacturing representative to an official SteraMist distributor. This strategic move comes in response to the increasing demand for SteraMist in the Canadian market.
Betatek, a well-established Canadian partner, has been a valuable independent manufacturing representative for TOMI since 2017, successfully onboarding clients such as the University of Toronto Mississauga and CCRM, a cell and gene therapy organization. Betatek has become an official distributor after purchasing TOMI's latest product launch, the SteraMist Integrated System (SIS) Standalone. This partnership will enable TOMI to provide enhanced support and services to the Canadian life science market, with a focus on animal laboratory facilities. Betatek’s deep understanding of the local market, combined with TOMI’s advanced decontamination technologies, will deliver comprehensive solutions to address the growing demand from these facilities.
“We are thrilled to strengthen our partnership with Betatek,” said E.J. Shane, COO of TOMI Environmental Solutions. “Betatek’s expertise and dedication to customer satisfaction align seamlessly with TOMI’s mission and global growth strategy. This enhanced collaboration enables us to better serve the Canadian market, where demand for innovative disinfection solutions continues to grow.”
“Becoming an official distributor for TOMI is an exciting evolution of our partnership,” said Steve Goldenberg, President of Betatek, Inc. “With TOMI’s SteraMist technology, we can offer clients innovative and effective decontamination in high demand by the Canadian life science market and animal laboratories. We look forward to working closely with TOMI to provide exceptional service and support to our customers and ensure safety and compliance in their operations.”
About Betatek, Inc.
Betatek, Inc. is a Canadian-owned company that has been a trusted partner to the scientific community for over three decades. We specialize in providing high-quality laboratory equipment and services to pharmaceutical companies, university research institutions, and clinical laboratories. Our commitment to supporting local research and development, combined with our expertise and exceptional customer service, empowers researchers and scientists to achieve groundbreaking discoveries. For more information, please visit https://www.betatekinc.com/.
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 TOMI’s products to serve education sectors. 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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