TOMI Environmental Solutions announces Bonneville Joint School District's adoption of SteraMist technology for enhanced disinfection protocols.
Quiver AI Summary
TOMI Environmental Solutions, Inc. has announced that Bonneville Joint School District No. 93 in Idaho has implemented its SteraMist disinfection technology to enhance cleaning protocols and prioritize the health and safety of its students and staff. The school district purchased SteraPaks to improve preventative measures against harmful pathogens, particularly as the cold and flu season approaches. This collaboration reflects TOMI's mission to provide advanced disinfection solutions in the education sector, which represents a growing market for such products. Dr. Halden Shane, TOMI's CEO, emphasized the importance of this partnership in addressing illness prevention and reducing absenteeism in schools, showcasing the scalability of TOMI's technology for different environments.
Potential Positives
- The integration of SteraMist technology by Bonneville Joint School District No. 93 demonstrates the effectiveness and versatility of TOMI's disinfection products in an important sector, promoting the health and safety of students and staff.
- This partnership highlights TOMI's potential to expand its market share within the education sector, which is a key growth area amid a growing disinfection market valued at $5.6B.
- The implementation of SteraMist is expected to reduce illness-related absences, thereby enhancing the educational environment and supporting attendance among students and staff.
Potential Negatives
- The press release highlights reliance on a single or few products for a majority of revenues, which poses a risk to financial stability if these products do not perform as expected.
- Forward-looking statements indicate uncertainty in achieving projected growth and sales, reflecting potential challenges in managing the company's expansion plans.
- The company's emphasis on the education sector as a key growth area raises concerns about overexposure to a single market segment, which could be vulnerable to fluctuations in spending on disinfection solutions.
FAQ
What is SteraMist technology?
SteraMist technology is an advanced disinfection solution utilizing ionized Hydrogen Peroxide (iHP™) for effective elimination of harmful microorganisms.
How did Bonneville Joint School District No. 93 implement SteraMist?
The school district integrated SteraMist into its cleaning protocols, enhancing existing measures to prioritize health and safety for students and staff.
What are the benefits of using SteraMist in schools?
Using SteraMist helps reduce illness transmission, mitigates absenteeism, and creates a cleaner, healthier environment for students and staff during cold and flu season.
Why is the education sector important for TOMI?
The education sector is a key growth area for TOMI, addressing the increasing demand for effective disinfection solutions in schools, which are part of a $5.6B market.
Who invented the Binary Ionization Technology® (BIT™)?
The BIT™ platform was invented under a defense grant with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
FREDERICK, Md., Nov. 26, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, announced today that Bonneville Joint School District No. 93, located in Bonneville County, Idaho, has integrated SteraMist technology into its cleaning protocols. This adoption underscores the district’s commitment to prioritizing the health and safety of its students and staff through advanced disinfection measures, and demonstrates the versatility of TOMI’s technology and products to serve educational institutions.
The district has recently purchased and implemented a number of SteraPaks to augment preventative measures. By employing SteraMist, the district will enhance its existing cleaning protocols, ensuring a higher level of disinfection and protection against harmful bacteria and viruses. SteraMist's cutting-edge technology effectively eliminates microorganisms, creating a cleaner, healthier environment and significantly reducing the risk of illness transmission. As a result, SteraMist will help mitigate illness-related absences as winter approaches and cold and flu season commences. The implementation of SteraMist SteraPak technology by Bonneville School District No. 93 showcases the scalability and adaptability of TOMI’s products to meet the unique challenges of educational facilities.
"Partnering with Bonneville Joint School District No. 93 is an exciting milestone as we expand the power of SteraMist to the education sector," said Dr. Halden Shane, CEO of TOMI. "This collaboration aligns with our mission to deliver innovative disinfection solutions that protect public health and safety and reduce spread of contagious respitory viruses. By integrating SteraMist into its cleaning protocols, the district is proactively addressing illness prevention and absenteeism among students and staff. Our vision is to extend these benefits across the education system, reducing disruptions to learning while fostering healthier, more resilient school environments."
TOMI has identified the education sector as a key growth area, recognizing the growing need for effective disinfection solutions to address health risks in schools. The education sector is an important part of the $5.6B disinfection market, which is growing at a CAGR of more than 7% a year (Allied Market Research, 2024).
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
[email protected]
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 to TOMI’s products to serve education sectors. 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
[email protected]