Taronis Technologies, Inc., (“Taronis” or “the Company”)
(NASDAQ: TRNX), a sustainability technologies
company, announced that the Company’s former subsidiary, Taronis
Fuels, has gained major regional media attention as a variety of
top Turkish news sources launch digital coverage of the joint
venture between Taronis and the Republic of Turkey that will make
MagneGas the premier metal cutting fuel of the country. Among the
media outlets that covered the partnership are two of the country’s
most widely circulated publications, Sabah and Habertürk. Coverage
also came from Yenienerji, ChemLife, ICT Media, Para & Borsa,
and PiyasaninDurumu. Additionally, GasWorld released an article on
the joint venture.
With a daily circulation of more than 300,000,
Sabah is one of the most recognized newspapers in Turkey. Two
articles reflecting the expansion of Taronis to Turkey were
published by the media conglomerate, “Amerikalı ve Almanlar
başkenti seçti,” and “ABD’li devden 200 milyon $’lık yatırım
kararı.”
Established in 2009, Habertürk is one of the
widest reaching media outlets in Turkey. This influential publisher
released two articles on the partnership between Taronis and the
Republic of Turkey, “Tarons, Ankara'da ortak grşm kurdu,” and
“Tarons, Türkye'de şrket kurdu.”
Yenienerji has been publishing magazines,
catalogs, corporate magazines and technical books for over 20
years. Their recent article on Taronis, “Taronis Techonologies'ten
Türkiye Yatırımı,” outlined the details of the joint venture and
highlighted the safety benefits that the partnership will bring to
Turkey.
ChemLife reaches readers across of a variety of
platforms, influencing the rapidly developing technological and
scientific segments. With over 10,000 monthly downloads, and a
mailing list of 30,000 people, they are highly influential as a
content provider. Their article, “ABD'li yenilebilir yakıt devi
Taronis Techonologies, Türkiye'ye üretim tesisi kuruyor,” provided
key details of the collaboration between Taronis and Turkey,
including the economic impacts and sustainability features.
ICT Media, the producers of ICT Media Magazine
and www.ictmedia.com.tr provide expert information on a variety of
topics including GSM, software, hardware, telecommunications,
security and online services, multimedia, value added services,
R&D, and energy. Recently, they announced the completion of the
legalization of the joint venture between Taronis and MC Consulting
in their article, “Taronis Techonologies Türkiye yatırım tesisi
kuruyor.”
Para & Borsa, a media source dedicated to
sharing information related to financial markets published the
article “Taronis Technologies’den Turkiye’ye Yatırım” on their
platform. The piece emphasized the imminent presence of Taronis in
Turkey as well as the positive impacts the joint venture will have
on the country.
PiyasaninDurumu, a Turkish news and media outlet
published “Taronis Technologies Türkiye yatırımı.” The article
highlighted key details of the joint venture as well as the
benefits that Taronis will bring to the country in regards to
safety and sustainability.
GasWorld’s website is the market-leading news
portal for the global industrial gas sector. Their recently
published article, “New joint venture offers alternative to
acetylene for metal cutting,” outlined the efforts to make MagneGas
the metal cutting fuel to serve the Turkish domestic metal cutting
market.
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 holds a 7% royalty on the global use of its fuel generation
intellectual property through a licensing agreement with Taronis
Fuels, Inc. Given the potential scale of this royalty agreement and
the potential material impact to the financial profile of Taronis
Technologies, the Company shall continue to provide updates on
material developments within Taronis Fuels.
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. 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/
FORWARD-LOOKING STATEMENTS
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.
Investor Contacts: Michael
KhorassaniIR@TaronisTech.com
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