Taronis Technologies Inc (TRNX)

[jerseyfish]

Taronis Announces Record Date for Spin Off
[ACCESSWIRE]
ACCESSWIREOctober 7, 2019

Stock Dividend Distribution Date to be December 5th

PHOENIX, AZ / ACCESSWIRE / October 7, 2019 / Taronis Technologies, Inc., ("Taronis" or "the Company") (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced the record date for the spin-off of Taronis Fuels, Inc, which is a wholly owned subsidiary in the industrial gas and renewable fuels industry.

With the Taronis Fuels Form 10 filed on September 30, 2019, the record date has now been established as November 29, 2019. The share distribution date is expected to be on or before December 5, 2019. All shareholders of record on November 29th that hold those shares until the distribution is made shall be eligible for 5 shares of Taronis Fuels for each share of the Company owned at that time.

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'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 operates 22 locations across California, Texas, Louisiana, and Florida.

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. 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/.