TOMI Environmental Announces Additional iHP Custom Engineered System Installation Contracted for California
February 29 2024 - 7:30AM
TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a
global company specializing in disinfection and decontamination
solutions, today announced the signing of a new contract for a
SteraMist iHP Custom Engineered System (CES) installation with a
California-based life sciences company. The contracted iHP Custom
Engineered System (CES) is valued at approximately $600,000. This
system, featuring six applicators, will be integrated into a
clinical suite, and is expected to be fully installed by the end of
the third quarter in 2024.
The life sciences sector is increasingly adopting automation in
various processes, including decontamination, to comply with Annex
1, GMP, ISO, and other strict standards. California, a leading hub
for the pharmaceutical and biotech industries, is emerging as a key
growth demographic for TOMI with the Company gaining multiple new
clients, opportunities, and relationships from the state over the
last year. The newly announced CES contract is a reflection of the
trend of life sciences companies selecting integrated SteraMist iHP
products to ensure superior decontamination while creating workflow
efficiencies by minimizing laboratory downtime.
Following a presentation by Dr. Halden Shane, CEO of TOMI, at an
ISPE event hosted by Avid Bioservices, the contractors recognized
the benefits of the automated iHP Custom Engineered System
showcased in Avid's new facility and brought SteraMist iHP to the
customer as an option. TOMI's strong connections with other members
of contractors and lab architects in other states from previous
installs, led the customer to choose SteraMist iHP technology over
the initial choice of vaporized hydrogen peroxide.
Elissa J. (E.J.) Shane, COO of TOMI states, “We’re pleased to
announce this new CES contract and look forward to continuing our
growth momentum. Maintaining and developing relationships in this
field remains crucial for both our clients and upcoming
initiatives. Being a chosen technology to collaborate with
respected contractors and architects has been rewarding, and we are
committed to broadening our network to ensure that the highest
quality of decontamination is achieved in laboratories across the
world.”
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 new CES contract and potential revenue opportunities.
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, the impact of the COVID-19 pandemic on our business and
customers; 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 March 2022 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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