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TOMI Environmental Solutions Regains Compliance with Nasdaq Minimum Bid Price Requirements
TOMZTOMI Environmental Solutions(TOMZ) GlobeNewswire·2025-01-15 13:30

Core Viewpoint - TOMI Environmental Solutions, Inc. has regained compliance with Nasdaq's minimum bid price requirement, allowing its common stock to continue trading on The Nasdaq Capital Market [1][2] Company Overview - TOMI Environmental Solutions, Inc. specializes in disinfection and decontamination solutions, utilizing its proprietary Binary Ionization Technology® (BIT™) platform, which employs ionized Hydrogen Peroxide (iHP™) for superior disinfection [3] Financial and Operational Progress - The company achieved significant financial discipline and strategic execution in 2024, strengthening its market position and setting the stage for future growth [2] - TOMI's common stock closed at $1.00 per share or greater for 10 consecutive trading days, meeting Nasdaq's compliance requirements [1] Key Growth Drivers - Expanding Partnerships in High-Growth Markets: The company aims to strengthen existing relationships and pursue new opportunities, particularly in sectors like education and food processing [5] - Innovating with SteraMist Technology: TOMI is committed to enhancing its product offerings through ongoing research and development to meet evolving public health needs [5] - Targeting International Growth: The company plans to expand its international presence to capitalize on global demand for effective disinfection solutions [5] - Operational and Financial Excellence: Focus on operational efficiency and strategic resource allocation to drive sustainable revenue growth and shareholder returns [5]