10/10/2019 | Press release | Distributed by Public on 10/10/2019 06:19
MagneGas Demo with Leading California Contractor Led to Use on Sacramento Convention Center and Qualcomm Stadium Contracts
PHOENIX, AZ / ACCESSWIRE / October 10, 2019 / Taronis Technologies, Inc., ('Taronis' or 'the Company') (NASDAQ:TRNX),a leading clean technology company in the renewable resources and environmental conservation industry, today announced that one of the largest demolition contractors in California has elected to use MagneGas for specific aspects of the demolition of two high profile projects in California.
The demolition contract is a recently added client for Taronis and its retail locations across California. The client recently observed a MagneGas metal cutting demonstration in Los Angeles and was pleased to learn that Taronis operates retail locations throughout the state. This led to the client's decision to adopt MagneGas for use in the demolition of the Sacramento Convention Center, and the upcoming Qualcomm Stadium in San Diego. The client has also begun procuring other industrial gas and metal cutting hard goods through Taronis retail locations across the state.
'This is a compelling example of how MagneGas is enabling our US industrial gas network to win business every day,' commented Scott Mahoney, CEO of Taronis. 'We have a very unique product in MagneGas that effectively enables our sales team to open new doors and garner significant interest in our proprietary products.'
'MagneGas offers significant gains in efficiencies due to vastly superior cutting speeds. This translates into scalable financial savings for end users. Beyond the commercial benefits, we are able to market the product extremely effectively in California due to the renewable aspects of our production process. Lastly, being able to highlight the significant water conservation aspects of our production process is also a major marketing advantage in this very environmentally focused market. All of these factors are providing our sales team with a strong competitive advantage, and that is steadily translating into new client relationships and increased sales,' concluded Mr. Mahoney.
About Taronis Technologies, Inc.
Taronis Technologies, Inc. (TRNX) owns a patented plasma arc technology that enables two primary end use applications for fuel generation and water decontamination.
The Company's fuel technology enables a wide use of hydrocarbon feedstocks to be readily converted to fossil fuel substitutes. The Company is developing a wide range of end market uses for these fuels, including replacement products for propane, compressed natural gas and liquid natural gas. The Company currently markets a proprietary metal cutting fuel that is highly competitive with acetylene. The Company distributes its proprietary metal cutting fuel through independent distributors in the US and through its wholly owned distributors doing business as 'MagneGas Welding Supply'. The Company operates 22 locations across California, Texas, Louisiana, and Florida.
The Company's technology can also be implemented for the decontamination of waste water, including sterilizing water, eradicating all pathogens. The technology is being tested to determine if it can completely eliminate pharmaceutical contaminants such as antibiotics, hormones and other soluble drugs suspended in contaminated water. Lastly, the technology process is capable of reducing or eliminating other contaminants, such as harmful metals, as well as nitrogen, phosphorus, and potassium levels that trigger toxic algae blooms. The technology has prospective commercial applications in the agricultural, pharmaceutical, and municipal waste markets. For more information on Taronis, please visit the Company's website at http://www.TaronisTech.com.
Taronis also owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.com/
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
SOURCE: Taronis Technologies
Released October 10, 2019