Proposed EPA Restrictions To Limit Ethylene Oxide Exposure Expands Market Opportunity for TOMI Environmental Solutions
April 26 2023 - 9:20AM
TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a
global company specializing in disinfection and decontamination
solutions, today commented on the Environmental Protection Agency’s
(EPA) recent proposed restrictions to limit Ethylene Oxide (EtO)
exposure. The announced proposals can be found here. Approximately
20 billion medical devices are sterilized per year with EtO, and
restricting its usage could create a significant market void that
may be filled with alternative sterilization processes such as
TOMI’s patented Binary Ionization Technology ® (BIT™) Technology.
The EPA is proposing to cut Ethylene Oxide (EtO) emissions by
80% through the implementation of more stringent air emissions
standards at 86 commercial sterilizer locations in the United
States. Ethylene Oxide exposure has been linked to an increased
risk of cancer, with the EPA’s own analysis reporting an additional
cancer risk between 1 in 36 and 1 in 10 for those who work with the
chemical.
EtO, a chemical disinfectant for pharmaceuticals and medical
equipment, can sterilize medical products such as catheters,
personal protective equipment, and pharmaceutical ingredients that
would have been otherwise damaged or degraded by other
high-temperature or steam sterilizations.
TOMI’s patented Binary Ionization Technology ® (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’s active ingredient leaves no residue, has
decontamination efficacy upwards of 99.9999%, and takes 5 seconds
to complete, a significant improvement from older technologies.
Unlike other sterilization agents, SteraMist does not emit any
carcinogenic byproducts, only oxygen and water. Additionally,
SteraMist offers flexible storage and superior versality compared
to EtO, which can be highly volatile. SteraMist validates against
the gold standard for sterilization Geobacillus stearothermophilus
spores. A detailed comparison of iHP™ and EtO can be found by
inquiring at www.tomimist.com.
"SteraMist products are non-toxic, non-corrosive, and do not
cause temperature damage to medical equipment or devices," said Dr.
Halden Shane, CEO of TOMI Environmental Solutions. "It is estimated
that approximately 50 percent of medical supplies are sterilized
with EtO, making it critical to the U.S. healthcare industry. We
will work closely with both established and new partners in the
healthcare industry to help ensure a transition to lower EtO
emissions is successful, and believe our superior solution provides
the perfect alternative given it is faster, more environmentally
sustainable and has no carcinogenic risk to site workers and those
living close by."
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.tomimist.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 potential market opportunities of TOMI products
resulting from the EPA announcement, anticipated financial
performance and operating results, including expected growth in
sales and market demand; anticipated performance of strategic
partnerships; anticipated revenue opportunities of CES products;
growth strategies of the company; and anticipated distribution
capability.
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, the impact of COVID-19 pandemic on our business and
customers; 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, 2022 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/Jennifer Belodeau
IMS Investor Relations
tomi@imsinvestorrelations.com
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