Taronis Awarded Critical New Water Patent
January 27 2020 - 9:00AM
Taronis Technologies, Inc., (“Taronis” or “the Company”)
(NASDAQ: TRNX), a sustainability technologies
company, announced today that the Company has been awarded a new
patent. On January 21, 2020, the US Patent Office issued U.S.
patent number 10,537,902. The patent is titled Reclamation of
Metals from a Fluid. This patent was filed as a direct result of
findings from the USDA funded agricultural waste sterilization
project completed in September 2019.
The Company has previously detailed its desired
business model for agricultural waste solutions using its patented
submerged plasma arc technology. The Company is actively seeking
joint venture partners, specifically in the cattle and hog segments
of the agricultural space. The Company has conducted extensive
validation testing to demonstrate its ability to eradicate
pathogens, breakdown pharmaceutical wastes, and to recover harmful
metals dissolved in animal wastes.
“This patent is additive to our efforts to
attract world class partners within the agriculture industry,”
commented Scott Mahoney, CEO of Taronis. “We are actively in
dialogue with some of the industry’s most influential leaders in
terms of livestock production. We are very pleased to recognize the
industry’s heightened focus on sustainability.”
“We believe our technology is an ideal solution
for the hog industry in North Carolina as an initial test market
for Taronis. The Smithfield Agreement placed an industry-wide
limitation for hog populations and production in North Carolina in
2000. That agreement helped limit animal wastes and potential
environmental issues, but it did not solve what is becoming a
growing health threat. It also could not adequately protect the
citizens of North Carolina from the dangerous consequences of
hurricanes, flooding and ground water contamination from the waste
lagoons that store vast quantities of animal waste.”
“Our technology can solve the waste issue. We
can help the industry safely convert costly waste into valuable
fertilizers. We can also help the hog industry eliminate waste as a
constraint to growth. This can enable the industry to grow, drive
jobs, and help the local North Carolina economy while solving one
of the most pressing environmental issues in that state today,”
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 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 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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