Taronis to Construct Three New Sterilization Units
09 3월 2020 - 10:00PM
Taronis Technologies, Inc., (“Taronis” or “the Company”)
(NASDAQ: TRNX), a sustainability technologies company
with patented water decontamination and conservation applications,
today announced that based on recent business development efforts,
the Company has elected to proceed with the construction of three
new Venturi plasma arc sterilization units. All three units would
be dedicated to serving the hog industry in North Carolina. The
configuration and end use of each unit will differ, as follows:
The first unit will be a mobile 300KW water
sterilization unit. The primary purpose of this unit will be to
periodically treat hog farm lagoons. The unit will be used to kill
pathogens, eliminate ammonia, and otherwise improve the water
quality. This unit will be specifically designed to rotate across a
number of lagoons in a designated area.
The second unit will be designed as a stationary
300 KW water sterilization unit. The primary purpose of this unit
will be to operate continuously in tandem with an anaerobic
digester at a large-scale hog farm. The objective for this unit
will be to sterilize all waste water as it exits the anaerobic
digester prior to entering the lagoon. The expected outcome is that
if the mobile unit first treats the same lagoon, and the stationary
unit is permanently treating all recycled water thereafter, the
combined result will be a lagoon that is now permanently cleaner.
This is also expected to have a dramatic impact on the water and
air quality in close proximity to the lagoon thereafter.
Lastly, the third unit would be an entirely new
design for Taronis. This would be a 300 KW mobile metal reclamation
plasma arc unit. The Company recently secured a patent for the
recovery of dissolved metals. During the USDA funded validation
project recently completed, Taronis was able to confirm that the
plasma arc ionizes metals, enabling for enhanced metal recovery.
This new unit will be used to test the ability to efficiently
recover copper, iron, zinc, phosphorus and potassium from the
sediment trapped at the bottom of lagoons. The Company may also
look to experiment with an entirely new design for a 500 KW Venturi
plasma arc unit for this application.
“Our recent business development efforts have
been very promising,” commented Scott Mahoney, CEO of Taronis. “We
are excited to begin the process of commercializing our technology
to serve a massive end market in the hog industry. We are also very
encouraged to uncover a compelling new business model within that
space that could truly benefit from our unique ability to recover
dissolved metals from animal waste.”
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
Taronis Technologies (NASDAQ:TRNX)
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