Category Archives: taronis fuels spinoff

Taronis fuels spinoff

November 29, is the record date, which is the critical date in which shareholders must be a shareholder of record in Taronis Technologies to be eligible to receive the stock dividend. Shareholders of record must then hold those same shares until the stock distribution is completed on December 5 th. Any shareholder that sells their Taronis Technologies stock prior to the distribution will forfeit any rights to the distribution.

The Company has already explored uplisting requirements and believes it has the ability to satisfy all listing requirements for the New York Stock Exchange shortly after the spin-off is complete.

Uplisting is expected to be a top priority for management in early We also believe we will satisfy all OTC trading requirements quickly and begin trading shortly after the shares are distributed.

We have a plan to expand across the entire US Sunbelt in less than 5 years. This includes placing MagneGas production facilities in at least 20 major metropolitan markets during that time. We intend to close on binding purchase orders and scale our relationships in Turkey prior to yearend.

We are in the process of launching and scaling multiple new international markets in 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 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 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.

About MagneGas Video

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. This press release contains forward-looking statements as defined within Section 27A of the Securities Act ofas amended, and Section 21E of the Securities Exchange Act ofas 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.By creating an account, you agree to the Terms of Service and acknowledge our Privacy Policy.

November 29, is the record date, which is the critical date in which shareholders must be a shareholder of record in Taronis Technologies to be eligible to receive the stock dividend. Shareholders of record must then hold those same shares until the stock distribution is completed on December 5 th. Any shareholder that sells their Taronis Technologies stock prior to the distribution will forfeit any rights to the distribution. The Company has already explored uplisting requirements and believes it has the ability to satisfy all listing requirements for the New York Stock Exchange shortly after the spin-off is complete.

Uplisting is expected to be a top priority for management in early We also believe we will satisfy all OTC trading requirements quickly and begin trading shortly after the shares are distributed.

We have a plan to expand across the entire US Sunbelt in less than 5 years. This includes placing MagneGas production facilities in at least 20 major metropolitan markets during that time. We intend to close on binding purchase orders and scale our relationships in Turkey prior to yearend.

We are in the process of launching and scaling multiple new international markets in We see the spinoff as the beginning of a very promising future for our Company," concluded Mr. 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'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. An integral, client based alarm and notification system that reports to any mobile device.

Press Releases

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. This press release contains forward-looking statements as defined within Section 27A of the Securities Act ofas amended, and Section 21E of the Securities Exchange Act ofas 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. Thank you for subscribing! If you have any questions feel free to call us at ZING or email us at vipaccounts benzinga.We have now unlocked significant value for the shareholders of Taronis Fuels, and we are hopeful that with additional near term catalysts, this will continue to increase the value of that company, and drive a growing royalty stream back to the shareholders of Taronis Technologies to support our rapidly expanding water technology business model.

Taronis Technologies, Inc. TRNX owns a patented plasma arc technology that enables two primary end use applications for fuel generation and water decontamination. 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. 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. This press release contains forward-looking statements as defined within Section 27A of the Securities Act ofas amended, and Section 21E of the Securities Exchange Act ofas 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.

taronis fuels spinoff

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. Subscribe via RSS. Subscribe via ATOM. Register Sign In. Email Print Friendly Share. Formats available: Original Medium Small. GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.November 29, is the record date, which is the critical date in which shareholders must be a shareholder of record in Taronis Technologies to be eligible to receive the stock dividend.

Shareholders of record must then hold those same shares until the stock distribution is completed on December 5 th. Any shareholder that sells their Taronis Technologies stock prior to the distribution will forfeit any rights to the distribution. The Company has already explored uplisting requirements and believes it has the ability to satisfy all listing requirements for the New York Stock Exchange shortly after the spin-off is complete.

Uplisting is expected to be a top priority for management in early We also believe we will satisfy all OTC trading requirements quickly and begin trading shortly after the shares are distributed. We have a plan to expand across the entire US Sunbelt in less than 5 years. This includes placing MagneGas production facilities in at least 20 major metropolitan markets during that time.

We intend to close on binding purchase orders and scale our relationships in Turkey prior to yearend. We are in the process of launching and scaling multiple new international markets in 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 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 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.

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. This press release contains forward-looking statements as defined within Section 27A of the Securities Act ofas amended, and Section 21E of the Securities Exchange Act ofas 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. Press Releases.Stop wasting your time! Start finding winning trades in minutes with Trade Ideas! In a press release issued early this morningTaronis Technologies announced that it would be moving forward with a spin off. In the release, the company said that it would be spinning off a wholly owned subsidiary known as Taronis Fuels. Once the spin off is complete, those who own TRNX common shares will receive one share of Taronis Fuels common stock for each share of the company owned as of August 15, These documents include audited financial statements for the company as a standalone business for and as well as reviewed financial staements for the first six months of The company also said that the second quarter earnings call for Taronis Fuels is expected to be scheduled and held in conjunction with the filing.

Before the completion of the spin off, TRNX said that it will be granting an exclusive, world-wide license to Taronis Fuels for the use of all IP related to fuel and power-production applications generated with its proprietary submerged venturi plasma Arc gasification technology and related fuels. Following the spin off, the company will continue to actively work toward the commercialization of its agricultural waste, hospital waste, and cyanobacteria remediation technologies.

The company will also continue moving forward with its Water Pilot Business. Our comprehensive patent portfolio has created some very unique opportunities. It is very rare to find a core set of intellectual property that has so many diverse end uses. After careful deliberation, our Board of Directors has elected to execute this spin-off in an effort to help realize shareholder value across our entire business.

Taronis Technologies is expected to benefit from a dramatically leaner cost structure.

Taronis Announces Record Date for Spin Off

Its cash burn is projected to be extremely limited. With the spin off, Taronis Technologies is not expected to require significant capital to execute on its business plan for the foreseeable future. In addition, the Water Pilot is expected to begin generating positive cash flows if several highly promising prospective clients elect to move forward in the near term.

We are also modifying our business model for our agricultural waste and cyanobactiera solutions. Under prior management, these projects were very capital intense.

Going forward, we have identified specific target partners within each industry that we will attempt to engage in world class partnerships to unlock the potential of our water decontamination technology.

Under those partnerships, we would look to minimize our cash outlay, and instead seek partners that would carry the majority of the financial burden for each project. When combined with our ownership in the Water Pilot, our water decontamination partnerships can become fully centered on global water conservation solutions going forward.

We believe that this business model, with a lean cash outlay, promising technology, and a series of world class partnerships is a compelling business strategy.

taronis fuels spinoff

Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email. This site uses Akismet to reduce spam.The comapny announced new information with regard to the spin off of Taronis Fuels, a move that I believe will greatly expand shareholder value.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas! Recently, Taronis Technologies announced that it would be spinning off its wholly owned subsidiary, Taronis Fuels. In a press release issued this morning, the company provided more information with regard to the spin off.

First and foremost, we already knew that upon the spin off, Taronis Fuels would receive an exclusive, global license for all existing patents held by TRNX. This includes any applications of existing and future patents related to the production of fuel for power generation.

Also, when the spin off was announced, the company said that it would be issuing shares on a one to one basis upon the closing of the agreement. That means that for each share of TRNX stock held as of the record date, investors will receive one share of Taronis Fuels. In the release, this morning, the company said that August 15, will be the record date. However, for investors to receive shares as part of the spinoff, they must be shareholders by August 15, and hold these shares until the stock dividend distribution date, which is expected to be September 1, At the end of the day, the spinoff is a very strong move for TRNX.

First and foremost, through the licensing agreement, the company will receive royalties on Venturi Plasma Arc gasification unit sales as well as the sales of fuels generated by Taronis Fuels. This will likely help to bulster revenue, especially considering that Taronis has announced recent deals to bring the Venturi Plasma Arc system to Turkey and some South American companies.

As such, the company will likely see strong growth ahead. On the TRNX side of the coin, the spinoff will allow the company to focus on its water treatment and other water-related assets.

All in all, not only will the spinoff likely lead to a strong return of value on the fuels side of the coin, it will also allow TRNX to focus more on monetizing its water treatment service and other products and services, only extending the potential value creation ahead. Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email. Notify me of new posts by email. This site uses Akismet to reduce spam.November 29, is the record date, which is the critical date in which shareholders must be a shareholder of record in Taronis Technologies to be eligible to receive the stock dividend.

Shareholders of record must then hold those same shares until the stock distribution is completed on December 5 th. Any shareholder that sells their Taronis Technologies stock prior to the distribution will forfeit any rights to the distribution. The Company has already explored uplisting requirements and believes it has the ability to satisfy all listing requirements for the New York Stock Exchange shortly after the spin-off is complete.

Uplisting is expected to be a top priority for management in early We also believe we will satisfy all OTC trading requirements quickly and begin trading shortly after the shares are distributed.

We have a plan to expand across the entire US Sunbelt in less than 5 years. This includes placing MagneGas production facilities in at least 20 major metropolitan markets during that time.

We intend to close on binding purchase orders and scale our relationships in Turkey prior to yearend. We are in the process of launching and scaling multiple new international markets in 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 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 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.

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. This press release contains forward-looking statements as defined within Section 27A of the Securities Act ofas amended, and Section 21E of the Securities Exchange Act ofas 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. Related Quotes. Sign in. Sign in to view your mail. Finance Home.

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