Frederick, Md. July 24, 2024’ - TOMI Environmental Solutions, Inc. (TOMI) (NASDAQ: TOMZ), a prominent player in the global disinfection and decontamination solutions market, has announced the successful acquisition of a significant contract with Enviro-Mist Inc. a division of EMAQ Group. The contract, valued at approximately $1.2 million, includes the purchase of twenty SteraMist Environment Systems and will be recognized as revenue in the second quarter of 2024.
The strategic partnership with Enviro-Mist Inc. underlines TOMI’s growing footprint in the pharmaceutical market. SteraMist, TOMI’s flagship disinfection technology, is revered for its advanced capabilities in mitigating pathogens and ensuring high standards of cleanliness in critical environments.
This deal comes in tandem with an impressive financial performance for TOMI. In the same time frame, TOMI Environmental Solutions recorded a remarkable 90.26% year-on-year increase in revenue, with a sequential quarterly revenue growth of 75.37%. This robust financial growth underscores the increasing demand for TOMI’s innovative solutions among its corporate clientele.
The influx of $1.2 million in revenue from this new contract reflects the scalable potential of SteraMist Environment Systems in diverse applications, particularly in sectors requiring stringent disinfection protocols such as the pharmaceutical industry. The partnership with Enviro-Mist Inc. is expected to enhance TOMI’s market penetration and further solidify its position as a leader in environmental solutions.
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