16 Mar TOMI Environmental Solutions is Leveraging its Patented Technology to Combat COVID-19
TOMI Environmental Solutions (OTCQB: TOMZ), a Company that offers indoor and outdoor disinfection and decontamination services globally, announced a partnership with Rock Emergency, for the use of its SteraMist line of products, to combat the rapid spread of COVID-19 in the U.S. Rock Environment will use SteraMist iHP technology to disinfect high traffic public areas such as Public Transport, Hospitals, Offices, Airports, Hotels and Universities and arrest the spread of the disease.
SteraMist uses a patented Binary Ionization Technology (BIT), a two-step process consisting of an EPA registered solution of 7.8% Hydrogen Peroxide (H2O2) which is activated and ionized into a mist/fog called Hydrogen Peroxide (iHP). The proprietary technology, which was acquired by TOMI in 2013 from Defense Advanced Research Projects Agency (DARPA) and consequently acquired an EPA hospital-healthcare general disinfectant label in 2015, has previously demonstrated efficacy against h1n1Infleunza, Salmonella, Clostridium difficile spores to name a few.
In February 2020, the Company received a CDC registration in China after undergoing a 3-year long submission process, for both of its SteraMist equipment registration and BIT solution registration, officially making it the industry standard for disinfection in China. The approval is even more significant in the face of the COVID-19 outbreak, which necessitates decontamination of public places throughout the community.
TOMI Environmental Solutions (OTCQB: TOMZ)
Market Cap: $67.39M; Current Share Price: 0.5404 USD
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Dr. Halden Shane, CEO of TOMI, commented,
“TOMI is excited to announced that we are now registered with the China CDC. Throughout the world, SteraMist is used to eradicate enveloped viruses, similar to coronavirus, and is the superior disinfection for use in spaces such as transportation avenues, hospitals, and other emergency areas. After a long registration process, SteraMist is the industry standard and future of disinfection and decontamination throughout China, which is a substantial milestone for our company.
Furthermore the Company has entered into an agreement with Thailand’s Clean Environmental Solutions to combat cases of SARS-CoV-2 coronavirus in the country, besides being declared the official decontamination technology of the Seoul City Metro Transit in South Korea.
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Industry
According to the World Health Organization (WHO), Coronovirus (CoV) is a family of viruses that cause illnesses ranging from common cold to lethal diseases such as the Middle East Respiratory Syndrome (MERS-CoV), Severe Acute Respiratory Syndrome (SARS-CoV) and a new strain of CoV named, novel coronavirus (nCoV). The virus is Zoonotic as they are transmitted from animals to humans, with there being many known strains that have not yet infected humans. The infection manifests in the form of respiratory symptoms, cough, fever, shortness of breath and can take the form of pneumonia, severe acute respiratory syndrome, kidney failure and even death.
WHO had identified a new type of coronavirus, namely 2019 novel coronavirus (2019-nCoV) in China in early January 2020, which has so far infected 126,000 cases globally and fatalities were 4,600 as per a statement from WHO. The disease which originated from the Chinese city of Wuhan, has spread to other countries with reported outbreaks in South Korea, Japan, Italy, Iran and U.S. According to the US Centers for Disease Control and Prevention (CDC), there are 938 known cases across 39 states and 29 people have died so far in the U.S alone.
The WHO has declared the Coronavirus outbreak as a Public Health Emergency of International Concern (PHEIC) and a global pandemic as more cases are reported around the world as the virus continues to spread beyond Wuhan, China. The notice allows members of the United Nations to take preemptive measures to contain the spread of the virus, including measures such as sealing borders, cancelling flights, proactively screen and quarantine suspected cases etc. Hong Kong has declared the highest level of citywide emergency, while China has cancelled its Chinese New Year Celebrations, declared school breaks and placed travel restriction in order to curb the spread of the disease.
There is no definite cure for treatment or eradication of CoV, with treatment being limited to alleviation of symptoms, and providing support and care to patients. Scientists have been able to sequence the virus genetic code; spurring organizations around the world into action, with the researchers at the US National Institutes of Health are already working on a therapeutic. Organizations like CEPI are supporting initiatives to develop a vaccine by proving funding support.
Company
TOMI Environmental Solutions offers environmental solutions for decontamination through its SteraMist range of products. The Company obtained its first EPA hospital-healthcare general disinfectant label in 2015, which were later amended to add C.difficle spores and h1n1 in 2016 and Salmonella and Norovirus in 2017.
The Company primarily caters to four diverse markets namely Hospital Healthcare, Lifesciences, TOMI service network and Food Safety. TOMI’s product offerings include SteraMist surface unit, a portable, hand-held point and spray unit and SteraMist Environment system which handle complete room decontamination through fogging. It also designs and implements training programs for its clients and is a member of leading industry organizations such as 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, and The Restoration Industry Association as per the company .
The Company’s patented Ionized Hydrogen Peroxide (iHP) technology uses a high concentration of reactive oxygen species (ROS), which is capable of destroying pathogenic organisms and disrupting their spread. The process offers an improvement over conventional technology used by its competitors as ROS mostly consists of hydroxyl radicals (OH) that are one of the most powerful oxidizing agents in nature.
TOMI has secured or has an application pending for nearly 35 trademark registrations and over 40 design and utility patents across the globe. The Company has plans to expand its operations to other countries in Europe, Asia and South Africa in the future.
Risk Assessment
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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