Advertisement
Singapore markets open in 1 hour 44 minutes

  • Straits Times Index

    3,144.76
    -38.85 (-1.22%)
     

  • S&P 500

    5,051.41
    -10.41 (-0.21%)
     

  • Dow

    37,798.97
    +63.86 (+0.17%)
     

  • Nasdaq

    15,865.25
    -19.77 (-0.12%)
     

  • Bitcoin USD

    63,753.11
    +222.03 (+0.35%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • FTSE 100

    7,820.36
    -145.17 (-1.82%)
     

  • Gold

    2,401.90
    -5.90 (-0.25%)
     

  • Crude Oil

    85.28
    -0.08 (-0.09%)
     

  • 10-Yr Bond

    4.6590
    +0.0310 (+0.67%)
     

  • Nikkei

    38,471.20
    -761.60 (-1.94%)
     

  • Hang Seng

    16,248.97
    -351.49 (-2.12%)
     

  • FTSE Bursa Malaysia

    1,535.00
    -7.53 (-0.49%)
     

  • Jakarta Composite Index

    7,164.81
    -7,286.88 (-50.42%)
     

  • PSE Index

    6,404.97
    -157.46 (-2.40%)
     

TOMI Adds Additional Manufacturer to Produce SteraMist Equipment

GlobeNewswire

BEVERLY HILLS, Calif., June 25, 2020 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (TOMZ), is a global company specializing in disinfection and decontamination, utilizing its premier Binary Ionization Technology (BIT) platform through its SteraMist products - a hydrogen peroxide-based mist and fog composed of ionized Hydrogen Peroxide (iHP). TOMI is pleased to report that manufacturing operations have begun with Planet Innovation, an overseas manufacturing partner in Australia. As the world continues to better understand the gravity of enhanced disinfection, TOMI has made the manufacturing decision in anticipation of continued demand increase for SteraMist disinfection products.

Planet Innovation offers greater production capability with a large production floor, providing the ability to house product and accommodate increased production activity. Orders will now be fulfilled with a shorter overall lead time that includes expedition of new and outstanding orders to meet and exceed customer expectations, which is of paramount importance.

Planet Innovation specializes in healthcare technology and product commercialization, with an established portfolio spanning well over a decade. As a result of its significant growth in the first half of 2020, TOMI has made strides in growing and evolving its research and quality control divisions, both of which have been involved in ongoing discussions to ensure regulatory compliance and quality consistency. These discussions are the culmination of many hours of hard work and cooperation on the part of both TOMI and Planet Innovation.

This new partnership offers an expansive wealth of opportunities to both TOMI and highly valued customers. The geography of this new manufacturer provides a benefit of increased product availability internationally, allowing for the significant growth of existing and future SteraMist product end users into the Asia Pacific region, EU and Africa. TOMI has had the pleasure of collaborating with the manufacturer throughout the last few months to assist in the streamlining of production. The contract has a three (3) year term. TOMI is looking forward to a continued mutual commitment to innovation and quality.

ADVERTISEMENT

Stuart Elliott, co-CEO and co-founder of Planet Innovation, states: “TOMI is a great example of a manufacturer proactively looking to protect its supply chain by dual sourcing. The COVID pandemic has really shone a light on a lot of manufacturers’ reliance on a single supplier or country. This is something TOMI recognized, and we’re delighted they selected Planet Innovation to be their global manufacturing partner. With SteraMist products currently in huge demand, our manufacturing team worked closely with TOMI to get the products into production in record time, shipping our first units two months after our first discussions.”

Elissa J. Shane, TOMI COO, states: “With the ever-evolving landscape of infection control and disinfection changing each day, we are excited to announce this opportunity that will ultimately allow us to bring the power of SteraMist to more customers and more locations than ever before. The future expectations of TOMI Environmental Solutions is to see continued growth in the areas of supply and demand for our products across the board.”

TOMI™ Environmental Solutions, Inc.: Innovating for a safer world®

TOMI™ Environmental Solutions, Inc. (OTCQB: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 http://www.tomimist.com/ or contact us at info@tomimist.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Certain written and oral statements made by us may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Forward-looking statements are identified by such words and phrases as “we expect,” “expected to,” “estimates,” “estimated,” “current outlook,” “we look forward to,” “would equate to,” “projects,” “projections,” “projected to be,” “anticipates,” “anticipated,” “we believe,” “could be,” and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. They are forward-looking, and they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.

INVESTOR RELATIONS CONTACT

Harold Paul
hpaul@tomimist.com