Taronis Technologies TRNX Stock News

Taronis Technologies Inc (NASDAQ: TRNX) is making a run for the top in the market this morning, gaining more than 13% early on. The gains come after the company announced the publication of two new videos, outlining work that a subsidiary is doing and providing a MagneGas demonstration. Here’s what’s happening:

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TRNX Stock Rises After Publishing Two Videos

In a press release issued late yesterday, Taronis Technologies announced that it has published two new videos. The videos follow the company’s announcement that it has achieved record MagneGas production (we’ll talk about that in a moment). Here’s what we saw from the videos.

  • Video 1 – The first video is essentially a corporate presentation for the company’s wholly owned subsidiary, Taronis Fuels. Taronis Fuels currently operates 22 retail locations in the United States under the brand name, MagneGas Welding Supply. Taronis Fuels is also in charge of the company’s international gas marketing efforts and will be charged with operating the company’s renewable gas production facilities in Europe and the Middle East.
  • Video 2 – The second video that was published is a demonstration video. In the video, TRNX demonstrates the MagneGas product. The video is expected to be used both in US retail operations and for international purposes.

Let’s Not Forget Record MagneGas Production

The video announcement came on the heals of what I view as a larger story. TRNX recently announced that it produced a record 247,624 cubic feet of MagneGas during the second quarter.

The record production follows strong execution on the company’s efforts to expand. In fact, the production shows impressive growth over the 80,080 cubic feet of MagneGas that was produced in the first quarter, showing a quarter over quarter climb of more than 200%.

In the announcement, Taronis Technologies said that it achieved record production through the use of its patented Venturi Plasma Arc gasification unit. Moreover, only one unit, the one that operates in Clearwater, Florida, was used to achieve this record.

More Record Breaking Production Ahead

Moving forward, TRNX is likely to announce more record breaking production. That’s because while the record was achieved with one production unit, the company is quickly bringing new units online to expand its abilities.

In fact, The company introduced a new unit to the production facility in July. Considering the new unit introduction, third quarter production growth is likely to be impressive. Moreover, a third unit is expected to start producing MagneGas in Texas by the end of August, only further expanding the opportunity!

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