TOMI Environmental Solutions Regains Compliance with Nasdaq Minimum Bid Price Requirements
16 January 2025 - 12:30AM
TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a
global company specializing in disinfection and decontamination
solutions, announced today that as of January 14, 2025, the Company
has regained compliance with the minimum closing bid price
requirement under Nasdaq Listing Rule 5550(a)(2) after the closing
bid price of the Company’s common stock was $1.00 per share or
greater for 10 consecutive trading days. Accordingly, the Company's
common stock will continue to be listed on The Nasdaq Capital
Market and trade under the symbol “TOMZ”.
Dr. Halden Shane, CEO of TOMI Environmental Solutions, stated,
"We are pleased to have regained compliance with Nasdaq's minimum
bid price requirement. Our achievements in 2024 underscore our
financial discipline and strategic execution, which have
strengthened our market position and enabled us to execute our
strategies for future growth. As we move into 2025, our focus
remains on driving innovation, expanding our partnerships, and
exploring new markets and opportunities to continue building
long-term value for our shareholders."
TOMI intends to build on the financial and operational progress
achieved in 2024 with a robust strategy focused on the following
key growth drivers:
- Expanding
Partnerships in High-Growth Markets: TOMI will strengthen
relationships with existing government, commercial, and educational
partners while pursuing new opportunities in emerging sectors.
Recent contracts with school districts and food processors
highlight the scalability of SteraMist technology in addressing
infection prevention across diverse settings.
- Innovating with
SteraMist Technology: TOMI remains committed to enhancing its
product offering through research and development, ensuring the
company stays ahead of evolving public health needs and regulatory
standards.
- Targeting
International Growth: With infectious diseases becoming a global
concern, TOMI will focus on expanding its international footprint.
Strategic investments in key regions will position the company to
capitalize on global demand for effective disinfection and
decontamination solutions.
- Operational and
Financial Excellence: TOMI will maintain its focus on operational
efficiency, cost containment, and strategic resource allocation to
drive sustainable revenue growth and shareholder returns.
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 to TOMI’s strategies for future growth and ability to
achieve our financial and performance objectives. 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 ChristianIMS
Investor Relationstomi@imsinvestorrelations.com
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