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CleanCore Solutions Inc. (NYSE American: ZONE) is at the forefront of innovative cleaning technology. The company specializes in developing and manufacturing cleaning products that utilize pure aqueous ozone, a powerful disinfectant safe for professional, industrial, and home use. At the heart of CleanCore’s offerings is its patented nanobubble technology, which effectively cleans, sanitizes, and deodorizes surfaces and high-touch areas without the need for harmful chemicals.
CleanCore serves a diverse range of industries including janitorial and sanitation, ice machine cleaning, laundry, and various industrial applications. Its products are indispensable in environments such as retail establishments, distribution centers, factories, warehouses, restaurants, schools, universities, airports, healthcare facilities, food service sectors, and commercial buildings like offices, malls, and stores. The firm’s dedication to sustainability and safety has placed it as a preferred partner for organizations aiming to reduce their reliance on chemical cleaners.
Recently, CleanCore has achieved significant milestones. On May 1, 2024, the company announced the expansion of its relationship with Harry Reid International Airport in Las Vegas. Following a successful pilot, additional Power Caddy units have been deployed to enhance cleaning and disinfection practices. The Power Caddy is a portable unit that produces CleanCore's patented aqueous ozone solution, offering a chemical-free, cost-effective means of maintaining hygiene in high-traffic areas. This deployment underlines the airport's commitment to sustainability and passenger safety.
Furthermore, on May 14, 2024, CleanCore revealed the commercial installation of its Power Caddies at a major international airport in the Northeastern United States. These installations are part of the airport's efforts to embrace sustainable and effective cleaning solutions while reducing labor time and costs associated with traditional cleaning materials.
In addition to airports, CleanCore has seen rapid growth in its hotel vertical. This includes the deployment of various products across all Sonesta branded properties operated by the Byrd Hotel Group in Phoenix. CleanCore's solutions, including Power Caddies, O3 Cleanpaks, Ice Machines, Fill Stations, and Laundry units, have proven highly effective in reducing harmful chemicals and costs associated with cleaning operations.
CleanCore Solutions is committed to revolutionizing cleaning and disinfection practices with its state-of-the-art technologies. The company's mission is to provide its customers with sustainable, cost-effective solutions that outperform traditional methods, contributing to a healthier and greener future.
CleanCore Solutions (NYSE American: ZONE) projects over 125% sequential revenue growth for Q4 FY2024 compared to Q3 FY2024, and over 50% revenue growth compared to Q4 FY2023. The company expects gross margins to increase both sequentially and year-over-year. CEO Clayton Adams attributes this growth to a focus on direct sales and a well-received recurring revenue model. CleanCore's strategy aims to boost revenue and accelerate profitability. The company is gaining traction, particularly with large Fortune 100 clients exiting pilot programs successfully. An investor conference call will be held to discuss the full fiscal year results.
CleanCore Solutions has announced that one of the largest airports in the southwestern United States will be installing its Power Caddy units following a successful pilot program. The Power Caddy units produce a patented aqueous ozone solution, which offers chemical-free, safe, and cost-effective disinfection and cleaning. CEO Clayton Adams highlighted the strong adoption of the technology, emphasizing its safety, reliability, and efficiency over traditional cleaning methods. The airport, which served over 48 million passengers in 2023, demonstrates a significant validation of CleanCore's technology for large, high-traffic facilities.
CleanCore Solutions, developer of aqueous ozone technology, reported a business update for Q3 FY2024 and appointed Clayton Adams as CEO and Chairman. Key highlights include completing an IPO with gross proceeds of $5 million, starting NYSE American trading on April 26, 2024, and securing new customer relationships and Green Seal certifications.
Despite a decrease in Q3 revenue to $0.3 million from $0.6 million in the same period of 2023, the company projects a 75% sales increase sequentially in Q4 2024. They attribute this to a shift from distributor to direct sales models and new customer pilots in major airports and hospitality groups. CleanCore is also set to benefit from PFAS chemical bans and holds a strong cash position post-IPO. However, net loss increased to $0.5 million due to higher advertising and administrative expenses.
CleanCore Solutions (NYSE American: ZONE) has announced a new partnership with Byrd Hotel Group to deploy its patented aqueous ozone technology across all Byrd-operated Sonesta properties.
The initial installation will cover the first four locations, featuring products like Power Caddies, O3 Cleanpaks, Ice Machines, Fill Stations, and Laundry units. The move aims to enhance cleanliness, remove harmful chemicals, and offer significant cost savings, such as a 75% reduction in laundry detergent costs.
Both Byrd Hotel Group and CleanCore executives are optimistic about the partnership's potential for growth and profitability in the hospitality sector.
On May 23, 2024, CleanCore Solutions announced it received two new Green Seal certifications (GS-51 and GS-53) for its aqueous ozone technology. This follows their previously granted GS-37 certification. These certifications affirm CleanCore's commitment to sustainability and health, positioning their product as a safer cleaning solution. Chief Revenue Officer Gary Hollst and CEO Doug Moore highlighted the growing demand for CleanCore's patented technology across various industries, emphasizing its environmental responsibility, cost-efficiency, and high cleaning performance.
CleanCore Solutions has announced the installation of its Power Caddy units at a major international airport in the Northeastern US. The units utilize CleanCore's patented aqueous ozone technology for chemical-free, safe, and cost-effective disinfection. Following successful pilot testing, these installations aim to enhance sustainability, safety, and reduce labor and material costs. CEO Douglas T. Moore highlights the suitability of Power Caddies for large, high-traffic areas like airports. Additionally, the company reports rapid growth in its sales pipeline across various sectors, including transportation, hospitality, manufacturing, and education.
CleanCore Solutions, Inc. (NYSE American: ZONE) applauds recent bans and restrictions on PFAS 'Forever Chemicals' by the U.S. Environmental Protection Agency (EPA). The company supports the EPA's designation of PFAS as hazardous substances and new workplace safety requirements, marking a milestone in environmental responsibility. CleanCore's aqueous ozone technology offers a safe and effective alternative to PFAS, contributing to a cleaner and healthier environment.
CleanCore Solutions, Inc. (NYSE American: ZONE) expands its relationship with Harry Reid International Airport by deploying additional Power Caddy units for disinfection and cleaning. The airport's adoption of CleanCore's technology showcases a commitment to passenger and employee safety. The expanded partnership highlights CleanCore's ability to strengthen client relationships based on technology effectiveness and cost savings.
CleanCore Solutions, Inc. completed its initial public offering, selling 1,250,000 shares at $4.00 per share, raising $5,000,000 in gross proceeds. After expenses, the company received approximately $3,760,000 in net proceeds. The funds will be used for debt repayment, research and development, intellectual property, and general corporate purposes. The stock began trading on NYSE American under the ticker symbol 'ZONE' on April 26, 2024. The offering was conducted through a prospectus filed with the SEC and declared effective on April 25, 2024.
CleanCore Solutions, Inc. provided a corporate update announcing the appointment of new members to its Board of Directors. The company's patented aqueous ozone technology offers a chemical-free cleaning solution, gaining traction in various industries. With increasing demand for safe and effective cleaning solutions, CleanCore aims to capitalize on the expanding global service cleaning market. The newly appointed directors bring expertise in operations, capital markets, and corporate finance, enhancing the company's growth prospects.
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