Taronis Successfully Delivers Final USDA Presentation
February 13 2020 - 9:00AM
Taronis Technologies, Inc., (“Taronis” or “the Company”)
(NASDAQ: TRNX), a sustainability technologies company
with patented water decontamination and conservation applications,
today announced that it successfully delivered its final technical
briefing to the United States Department of Agriculture (“USDA”) on
February 12, 2020. The Company recently completed an 18-month
technical validation of its water decontamination technology, which
was funded in part by a USDA grant for the sterilization of animal
waste. The grant funded an 18-month study conducted at a
large-scale dairy operation in central Florida that was
successfully completed in September of 2019.
As part of the presentation, the Company
delivered its final report on the highly successful independent
validation of the efficacy of using a Venturi plasma arc
sterilization unit to eradicate pathogens, break down virus-based
contaminants and remove harmful metals from animal waste
slurries.
In addition, the Company presented a proposed
new opportunity for the USDA to fund a commercial pilot project to
address the hog waste produced, specifically in North Carolina
which is the third largest hog producing market in the United
States today. Taronis also proposed the incorporation of multiple
leading universities in the region as part of the project. The
objective would be for the universities to independently validate
the ability to safely recover and reuse animal waste waters for
hydroponic applications and use animal waste solids for crop
fertilization.
Lastly, Taronis sought guidance from the USDA on
the process of becoming an approved vendor on the USDA best
practices list. Vendors on this list are pre-approved for federal
subsidized sales of equipment into the US agricultural industry.
This would enable Taronis to market its equipment to the industry
at a potentially dramatically reduced cost to the end user
clientele.
“The successful conclusion of our USDA project
culminated with a highly productive debrief with the USDA in
Washington, D.C.,’” commented Scott Mahoney, CEO of Taronis. “We
now have further clarity on the next steps we can explore in order
to benefit from the USDA as a potential added resource as we look
to formalize a commercial joint venture to support the agricultural
waste generated by the hog industry in North Carolina.”
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. The initial commercialized renewable fuel
product license is disrupting an $8 billion global metal cutting
fuel market.
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 STATEMENTSThis
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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