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11. CONTRACTS AND AGREEMENTS
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
NOTE 11. CONTRACTS AND AGREEMENTS

NOTE 11. CONTRACTS AND AGREEMENTS

 

On May 29, 2013, the Company entered into a contract manufacturing agreement with DIVIND LLC (“DivInd”) for the manufacture of the Company’s Steramist Binary Ionization Technology (“BIT”) as well as the Company’s proprietary BIT solution.  DivInd will manufacture exclusively for the Company and also provide research and development services for the Company.  The Company is currently in the process of transitioning to a new manufacturer that has more ability for capacity and is regional to the Company’s East Coast office in Rockville, MD.

 

In September 2013, the Company entered into a Sales and Distribution Agreement, superseding previous agreements, with TOMI Panama covering Panama, Columbia and Honduras.  The option period to extend to both Columbia and Honduras has expired.  TOMI Panama is its exclusive distributor of the Company’s products and services within the country of Panama.