TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a
global company specializing in disinfection and decontamination
solutions, today announced that Enviro-Mist Inc. a division of EMAQ
Group purchased twenty (20) SteraMist Environment Systems,
generating approximately $1.2 Million in revenue which will be
recognized in the second quarter of 2024.
Enviro-Mist Inc. a division of EMAQ Group,
(https://emaqgroup.com/) has joined the iHP Corporate Service team
as an exclusive partner for the pharmaceutical market in the
Western United States, a territory we do not currently have a large
footprint for disinfection services. Enviro-Mist Inc. is coming
onboard with a multi-year contract in place for a single location
of one of our long-standing and valued customers. We currently
estimate this arrangement to generate approximately $60,000 of
revenue in BIT Solution sales a year.
This strategic partnership aims to enhance the market
penetration of SteraMist iHP decontamination solutions within the
pharmaceutical industry and is expected to grant SteraMist iHP
technology the significant traction it deserves, delivering
decontamination solutions that meet the stringent demands of the
pharmaceutical sector. With growing interest in our cutting-edge
technology within the evolving decontamination services landscape,
we are strategically positioned for large-scale service sales,
ongoing revenue growth, and increased presence and visibility in
the industry.
"Enviro-Mist Inc. has demonstrated confidence in our technology
by expanding its fleet of SteraMist machines through this
substantial acquisition," said Elissa J. Shane, TOMI’s Chief
Operating Officer. "This partnership emphasizes our shared
commitment to advancing and delivering exceptional value to our
customers and we anticipate a long and successful collaboration.
With this partnership, SteraMist iHP technology is poised to gain
substantial traction in the pharmaceutical sector, providing
decontamination that meets the stringent demands of this sector
while generating recurring BIT solution revenue as part of our
razor/razorblade model."
Dave Salas, EMAQ’s President, added, "It has been a pleasure
working with TOMI SteraMist over the many years, and we are excited
about the opportunities this strategic arrangement will bring. We
are confident in the growth potential for both our disinfecting
division and TOMI as we continue to grow our client base for iHP
decontamination servicing."
Enviro-Mist Inc. a Division of EMAQ Group
Providing powerful and consistent decontamination services
for multiple industries.
Enviro-Mist Inc. specializes in the disinfecting of
pharmaceutical manufacturing facilities. However, our services
include multiple disciplines that allow us to service a great
number of vertical markets. Contract services that help industries
meet their industry regulatory standards and compliance or those
that simply benefit from thorough bio-decontamination as
needed.
Enviro-Mist Inc. has become the forerunner of contract
sterilizing services nationwide. Delivering consistent and
effective results that are verified by independent testing,
biological indicators and our satisfied clients.
https://emaqgroup.com/
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 indoor surface 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 to produce a fog of ionized Hydrogen Peroxide (iHP™).
Represented by the SteraMist® brand of products,
iHP™ produces a germ-killing aerosol that works like a visual
non-caustic gas.
TOMI products are designed to service a broad spectrum of
commercial structures, including, but not limited to, hospitals and
medical facilities, cruise ships, office buildings, hotel and motel
rooms, schools, restaurants, meat and produce processing
facilities, military barracks, police and fire departments, and
athletic facilities. TOMI products and services have also
been used in single-family homes and multi-unit residences.
TOMI develops training programs and application protocols
for its clients and is a member in good standing with The American
Biological Safety Association, The American Association of Tissue
Banks, Association for Professionals in Infection Control and
Epidemiology, Society for Healthcare Epidemiology of America,
America Seed Trade Association, and The Restoration Industry
Association.
For additional information, please
visit https://www.steramist.com/ or contact us
at info@tomimist.com
Forward-Looking Statements
This press release contain 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 expected revenue generated by sales to EMAQ Group and
TOMI’s growth potential. 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
acquire new customers and expands sales; 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/Roz Christian
IMS Investor Relations
tomi@imsinvestorrelations.com
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