CleanCore Solutions, Inc. (AMEX: ZONE) has reported a series of significant contract wins over the past few months, including deals with Fortune 50 companies, major universities, and one of the largest airports in the southwestern United States. These victories signal growing adoption of the company's innovative Aqueous Ozone technology, which transforms regular tap water into a powerful, all-natural cleaner. The global cleaning services market, projected to reach nearly $400 billion in 2023 according to Fortune Business Insights, provides fertile ground for CleanCore's expansion as industries seek safer alternatives to traditional chemical-based cleaning products.
One of CleanCore's most notable recent achievements is the installation of over 200 cleaning systems at a leading U.S. university aiming to become a chemical-free campus. This contract, announced in September, followed a successful pilot program and includes employee training and support. The installation comprises CleanCore's Power Caddies and Fill Stations, which produce and dispense the company's proprietary Aqueous Ozone solution. Clayton Adams, CleanCore's CEO, emphasized the company's commitment to sustainability and health, stating that in addition to health and environmental benefits, the solutions reduce chemical costs, providing a highly attractive return on investment. This university contract opens up potential future opportunities for CleanCore to provide additional sanitation solutions for laundry facilities and potable ice machines on campus.
In late July, CleanCore launched a revenue-generating pilot program with one of the world's leading logistics companies, a Fortune 50 corporation. The program, initiated at a million-plus square-foot facility, is expected to lead to a broader rollout of CleanCore products throughout the client's global organization, which boasts over 500,000 employees worldwide. Additionally, CleanCore secured a contract with one of the largest airports in the southwestern United States, serving more than 48 million passengers in 2023. This agreement, announced in June, followed another successful pilot test and involves the installation of Power Caddies throughout the facility.
The string of wins reflects a growing trend across various industries, including hospitals, hotels, schools, and commercial buildings, to adopt new technologies that eliminate traditional chemical cleaners. CleanCore's success is attributed to its value proposition, which combines cost savings with a shift away from potentially dangerous chemicals. The company's growth aligns with broader industry trends, including projected increases in hotel room demand and occupancy rates, a 111% increase in air passengers by 2050 compared to 2021 levels according to FAA predictions, and growth in the U.S. property management business at a compound annual rate of nearly 8% through 2028 according to Fortune Business Insights.
As CleanCore Solutions continues to expand its footprint in key industries, its chemical-free cleaning technology stands to play a significant role in shaping the future of the cleaning services market. The company's recent successes not only highlight the growing demand for safer, more sustainable cleaning solutions but also underscore the potential for innovative technologies to disrupt traditional practices in established industries, positioning CleanCore as a leader in the transition toward environmentally responsible cleaning methods across multiple sectors.
