TOMI Environmental Solutions, Inc. Announces Record Q3 2024 iHP Corporate Service Revenue
17 Octobre 2024 - 3:25PM
TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a
global leader in disinfection and decontamination technologies,
today announced that its iHP Corporate Service division is expected
to recognize revenues of approximately $650,000 for the three month
ended September 30, 2024. This marks a record for the division’s
quarterly performance, surpassing historical averages of
approximately $250,000 per quarter or $1 million annually. TOMI
intends to announce its full Q3 financial results, including total
revenue for the third quarter on October 30th, 2024.
The division’s significant revenue growth in the
third quarter reflects the rising demand for TOMI’s iHP services,
particularly within the life sciences sector. TOMI has effectively
expanded its marketshare, strengthening its position as a leader in
providing comprehensive solutions across a broad range of
environments. As a result of ongoing strategic initiatives, the
Company remains well positioned to further expand its footprint in
the life sciences space.
“Our iHP Corporate Service has emerged as a key
revenue driver,” said E.J. Shane, COO of TOMI Environmental
Solutions. “The trust placed in our technology by the life sciences
industry, coupled with our enhanced product capabilities and expert
technicians, has fueled substantial growth this quarter.
Furthermore, we have seen some competitors leave the space that
provides additional opportunity for TOMI to continue to capture
market share.”
TOMI’s momentum is further supported by several
multi-year service contracts. Key agreements include:
- MD Anderson Cancer Center (3-year
contract)
- LFB USA, a globalized company in
pharmaceutical bioproducts, contracted for twice a year
decontamination
- Pfizer, TOMI’s initial major
routine service player in global biopharma
- EMAQ Partnership, servicing
additional Pfizer facilities, the west coast, and maintaining
steady BIT solution demand and brand awareness
“As more industries adopt SteraMist iHP
technology for critical disinfection protocols, TOMI anticipates
continued growth in service demand. Our recently awarded contracts
and the expansion of service operations positions us to accelerate
overall sales across multiple industries,” added Dr. Halden S.
Shane, CEO of TOMI Environmental Solutions.
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 the expected Q3 revenue for iHP Corporate Service
division, TOMI’s ability to expand its business in the life science
sector, and the anticipated demand in the service market.
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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