Welcome to our dedicated page for Tomi Environmental Solutions I news (Ticker: TOMZ), a resource for investors and traders seeking the latest updates and insights on Tomi Environmental Solutions I stock.
TOMI Environmental Solutions Inc. (NASDAQ: TOMZ) delivers cutting-edge decontamination systems through its patented SteraMist technology. This news hub provides investors and industry professionals with essential updates about the company’s infection prevention solutions, strategic partnerships, and regulatory milestones.
Access real-time announcements including product launches, financial results, and technology licensing agreements. Our curated collection features press releases about BIT platform advancements, facility deployments across healthcare and government sectors, and compliance achievements.
Key updates cover global expansion efforts, research collaborations with defense organizations, and industry certifications validating SteraMist’s efficacy. Bookmark this page to monitor how TOMI addresses evolving disinfection challenges while maintaining operational excellence in critical environments.
TOMI Environmental Solutions (NASDAQ:TOMZ) announced its Q1 2021 financial results, reporting total net revenue of $2.1 million, down 70% from $7.1 million in Q1 2020. Equipment-based revenues decreased by 74% to $1.7 million, while BIT Solution-based revenues fell 60% to $0.4 million. The company faced challenges due to delayed capital expenditures and a remote work environment. Despite these challenges, TOMI is optimistic about future growth, highlighted by the anticipated launch of its SteraPak product and the expansion of its sales force.
TOMI Environmental Solutions (NASDAQ:TOMZ) announced advancements in its partnership with AV8R Solutions, focusing on the aviation industry. Since December 2020, AV8R has purchased five SteraMist Environment Systems to provide disinfection services to commercial airports and private aviation facilities. Projected growth includes further expansion into the restoration and remediation sectors through a partnership with RestorePro. This cross-sector collaboration is expected to significantly increase the consumption of TOMI’s Binary Ionization Technology (BIT) solution, requiring additional environmental systems by year's end.
On May 12, 2021, TOMI Environmental Solutions (NASDAQ: TOMZ) announced that CEO Dr. Halden Shane will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18 from 12:45 to 1:25 PM ET. During the event, he will engage in virtual one-on-one meetings with interested investors. The conference requires registration and is by invitation only. A public webcast of the presentation will be accessible at the provided link, with a replay available for 30 days.
TOMI Environmental Solutions, Inc. (NASDAQ: TOMZ) will report its Q1 2021 results on May 17, 2021, following the market close, and a conference call is scheduled for 4:30 p.m. ET. The company specializes in disinfection and decontamination through its Binary Ionization Technology (BIT) platform, marketed under the SteraMist brand. TOMI's products serve various sectors, including healthcare, hospitality, and food processing. A teleconference replay will be available until May 28, 2021. For more details, visit TOMI's investor relations website.
TOMI Environmental Solutions (NASDAQ:TOMZ) reported impressive financial results for 2020, achieving a 297% revenue increase to $25 million and a 95% growth in Q4 sales. CEO Dr. Halden Shane highlighted the pandemic's impact on disinfectant demand, expanding their customer base significantly. The company generated $4.4 million in net income, reversing a previous loss. Operating income stood at $4.5 million, compared to a loss of $2.1 million in 2019. TOMI plans to launch new products in 2021, including SteraBot and SteraPack, to further drive growth.
TOMI Environmental Solutions (NASDAQ:TOMZ) will report its fourth quarter and full year 2020 results on March 30, 2021, post-market. The company specializes in disinfection via its Binary Ionization Technology (BIT) and SteraMist products. A conference call is set for 4:30 p.m. ET on the same day. Interested participants can join by phone or access a live webcast via TOMI's Investor Relations page. A replay will be available until April 13, 2021. TOMI develops solutions for various sectors including healthcare, hospitality, and food processing.
TOMI Environmental Solutions (NASDAQ: TOMZ) has appointed three new vice presidents to enhance its sales organization: Gary Zamieroski for Commercial, Patrick Griffin for Hospital-HealthCare, and Kim Larkin for Food Safety. Each brings extensive industry experience, with Zamieroski having over 35 years in various sectors, Griffin over 25 years in healthcare, and Larkin over 20 years in food safety. CEO Halden Shane highlighted the growing $19 billion global disinfectant market, projecting it to grow at 6.7% CAGR, and emphasized the importance of these appointments in expanding TOMI's market share.
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.
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