Tomi Environmental Solutions I Stock Price, News & Analysis

TOMI Environmental Solutions (NASDAQ: TOMZ) has launched a purchase incentive program for its SteraMist disinfection products following a recall of Victory Innovations and Protexus Electrostatic Sprayers due to fire hazards. The program offers customers a discount equal to their previous purchase of the recalled products when they present proof of purchase. CEO Dr. Halden Shane emphasized the safety and efficacy of SteraMist, highlighting its EPA registration and rapid application capabilities. This initiative aims to rebuild consumer trust in disinfection solutions amidst growing safety concerns.

TOMI Environmental Solutions announced that its SteraMist iHP technology effectively sterilizes N95 masks, retaining filtration up to ten cycles, as shown in a study by the Greater Boston Pandemic Fabrication Team.

This technology addresses PPE shortages during the COVID-19 pandemic, making it a potential solution for busy medical centers. The study suggests that up to 7,200 masks could be sterilized daily, and TOMI is hopeful for FDA's Emergency Use Authorization.

TOMI Environmental Solutions (NASDAQ: TOMZ) announced successful validation of its SteraMist Surface Unit in a study conducted with the University of Virginia. The research demonstrated that the SteraMist technology achieved a kill of the SARS CoV-2 virus in just five seconds in real-world settings. The study confirmed no viable virus remained after treatment, enhancing TOMI's reputation in the disinfection market. Dr. Halden Shane emphasized the technology's effectiveness and materials compatibility, reinforcing TOMI's commitment to public health safety amidst ongoing challenges.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) announced a purchase order from Vigilant Hose Company (VHC) in Emmitsburg, Maryland, for its SteraMist disinfection technology. VHC, known as the most visited Firehouse globally, aims to enhance cleaning protocols for its training facilities to mitigate COVID-19 and other pathogens. COO Elissa J. Shane emphasized the efficacy of SteraMist in high-traffic areas. Following COVID-19, stringent disinfection practices are expected to persist, highlighting the significance of TOMZ's technology for public health.

TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) has announced an expanded partnership with Rocky Mountain Construction (RMC) to provide high-level disinfection services to the Widefield School District as schools reopen after winter break. RMC previously used TOMI's SteraMist technology to disinfect approximately 1.5 million square feet across 21 facilities, significantly reducing infection rates, including SARS-COV-2. TOMI's COO highlighted the importance of their technology for ensuring safe environments for students and staff, reinforcing their commitment to public health in educational settings.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) announced that CEO Dr. Halden Shane will present at the Needham Virtual Growth Conference on January 15, 2021, at 11:30 AM ET. He will also be available for virtual one-on-one meetings throughout the day. TOMI specializes in disinfection and decontamination solutions, primarily using its Binary Ionization Technology (BIT) platform, which employs a low percentage of Hydrogen Peroxide for effective indoor surface disinfection. A public webcast of the presentation will be accessible for interested parties.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) has strengthened its partnership with Merakey Behavioral Health, providing critical disinfection services using its SteraMist technology, which utilizes ionized hydrogen peroxide. Merakey operates across 12 states, treating over 234,582 square feet quarterly to ensure safety against pathogens like COVID-19 and MRSA. The need for such technology has intensified due to COVID’s resurgence. Dr. Halden Shane emphasizes SteraMist's efficacy and non-toxic nature, positioning it as an essential solution for healthcare facilities amidst evolving health challenges.

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) reported significant growth for its TOMI Service Network (TSN) members across North America in 2020, with notable revenue increases linked to its SteraMist products. G.S. Jones from Pittsburgh reported a striking 1,233% revenue growth to approximately $330,180, while Environmental Steri-Clean achieved a 554% increase, resulting in revenues of $611,933. TOMI's COO noted that this reflects the dedication of network members and showcases the adaptability of SteraMist technology amid rising health concerns due to the pandemic.

TOMI Environmental Solutions (NASDAQ:TOMZ) has received a follow-on order from ITH Pharma Limited for a second SteraMist Custom Engineered System (CES). This follows initial success at ITH's refurbished facility, which is crucial for meeting stringent decontamination standards set by regulatory bodies. With this order, ITH aims to boost compliance in aseptic compounding, particularly for COVID-19 testing supplies. Starting in 2021, ITH will place recurring orders for 100 gallons per month of BIT Solution, enhancing TOMI's revenue stream. The partnership highlights the growing demand for effective disinfection technologies.