Taronis Technologies Inc (fka TRNX)

[$oldier Hard]

They have growth and increased revs from from different product lines. When you make the change to Magnegas2 you also have to change out gauges etc, which they sell directly.

Now, while we sit and wait, we should observe that the recent trading activity is probably from the conversion of preferred shares as per the recent funding which are being scooped up at these levels instead of .60ish. Once they have completed the "planned" conversion we'll possibly take off again and head towards that 1 buck range imo.

The news that I was expecting might be coming soon unless it was a failure but it sure didn't sound like it. Below.

MagneGas Announces Successful Test Results from the Processing of Septic Water Waste
Company Collaborates with Florida Processor to Test the Treatment of Septic Water Waste Using the MagneGas Technology

TAMPA, Florida, July 19, 2016 /PRNewswire/ --

MagneGas Corporation ("MagneGas" or the "Company") (MNGA) a leading technology company that counts among its inventions a patented process that converts renewable and waste liquids into MagneGas2® fuel, announced today that the successful results of its recent testing of its developmental wastewater sterilization equipment have moved the Company a step closer to entering the septic water treatment market.

In June and July, the Company deployed its 50 KW mobile sterilization system at a Florida septic wastewater treatment facility. Initial results of the processed samples analyzed by an independent laboratory indicate significant reductions in pathogens. Additionally, these preliminary results are indicating reductions in Nitrogen, Phosphorus, and Potassium. MagneGas will continue to test at this facility during the next few weeks and will be providing a final report to the waste treatment facility, based on the analysis of the independent laboratory, by the end of August.

The Florida Department of Environmental Protection estimates that 1/3 of Florida residents use septic systems for disposal of their wastewater. Septic waste is generally collected and treated by privately owned corporations. The Company believes that the barriers to entering this market will be lower than the municipal government owned sewage treatment facilities. Further information regarding this market can be found at this link:

http://www.dep.state.fl.us/Water/wastewater/facts.htm

Ermanno Santilli, CEO of MagneGas Corporation stated: "We are pleased with the progress our recent testing has shown. The Company has been developing equipment to sell to waste processing facilities for some time. We are steadily moving closer to actively entering this market. In Florida alone, one third of all residents use a septic system for disposal of their wastewater. There are significant challenges faced by the corporations retained to treat this waste and we believe MagneGas has a better alternative. To that end, we will continue to pursue this market through additional testing, collaboration and marketing."

About MagneGas Corporation

MagneGas® Corporation (MNGA). The Company owns a patented process that converts various renewable and waste liquids into hydrogen based fuels. These fuels can be used as a replacement to natural gas or for metal cutting. The Company's testing has shown the fuels are faster, cleaner and more productive than other alternatives on the market. They are also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.

The MagneGas2®fuel production systems can be set-up locally using various types of feedstock. The Company believes this flexibility can give them an advantage as fuels can be manufactured on site from raw materials found locally and eliminates the time and expense of shipping to the specific end user location. The Company is planning to sell the equipment or establish joint ventures with third parties to construct these supply facilities.

The Company also sells equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas2® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company's website at http://www.MagneGas.com.