TOMI cuts exec pay 30%, expects $500k cash savings; provides business update

TOMI Environmental Solutions, Inc.

Executive salaries reduced 30% for remainder of 2024 for Dr. Shane and Ms. Shane; Mr. Rzepka base salary cut 10% to $166,500.
Expects to reduce cash used in operations by ~$500k (30%) by end of 2024 through compensation and consulting fee cuts.
Double-digit CES systems installed; expects ~$600k annual BIT solution revenue from 2025; nearing $450k CES contract with cell/gene therapy facility.
Signed distributor STS Technocrat in India; first sale under Vizient contract to a university for Environment System in May.

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