Taronis Technologies TRNX Stock News

Taronis Technologies Inc (NASDAQ: TRNX) is having yet another strong start to the trading session this morning, trading on gains of more than 7% in the premarket. The gains come after the company announced the completion of an industrial gas fill plant in Florida. Here’s what’s going on:

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TRNX Stock Gains On Gas Fill Plant Completion

Taronis Technologies issued a press release early this morning announcing that it has completed a gas fill plant. The installation of the plant, located in Clearwater, Florida, began in late 2018. 

In the release, TRNX said that the plant will play a significant role in its expansion and competitive positioning in the Florida market. At the moment, the company operates four locations in Florida under the retail brand name, MagneGas Welding Supply. 

In a statement, Scott Mahoney, CEO at TRNX, had the following to offer: 

This is a critical next step in the scale and capabilities of our Florida operations. We have worked diligently to identify areas for improved operating performance across our retail network. This facility is expected to significantly enhance the profitability of our existing operations in the Florida market. Based on our analysis, we believe we can improve our gross profits from that market by approximately $900,000 annually.

Equally importantly, we are now better positioned to compete for larger client opportunities in Florida that require the capabilities that we can now deliver with a state of the art fill plant facility.

With our investment in these new capabilities, we have identified over $1 million in annualized new business revenues we could compete for in Florida. When combined with the competitive advantages of marketing MagneGas, the only renewable metal cutting fuel on the market today, we are confident that our Florida market can return to a high revenue growth model we have experienced in prior years.

Are You Paying Attention Yet?

Over the past several weeks, I’ve taken a special interest in Taronis Technologies. The company has been issuing news release after news release, with each one greatly expanding the value proposition posed by the company. 

Let’s not forget, in just the last few weeks, TRNX has issued press releases announcing:

  • Record MagneGas production using a single Venturi Plasma Arc Gasification unit. Moreover, the company brought on a new unit in July and plans to bring another online in August. 
  • Record monthly and quarterly revenues. 
  • A spin off of Taronis Fuels that will lead to TRNX shareholders receiving one share of the newly spun of company for each share owned. 
  • Positive news from The Nasdaq. 
  • The successful reduction of a dangerous bacteria in Clearwater, Florida. 
  • To learn more about these announcements, click here!

The Bottom Line

The bottom line here is simple. Taronis Technologies is effectively firing on all cylinders. With record production levels recently hit with a single unit and multiple new units coming online, records breaking activities are likely to continue. Moreover, the company’s water treatment service is likely to see further demand due to its success in Clearwater, Florida. Moving forward, as production continues to grow and the company’s water treatment service sees demand, the value proposition surrounding TRNX is only getting stronger!

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3 COMMENTS

  1. They HAVE to be firing on all cylinders. They’re on the chopping block. I’ve held since last year and would love to see a comeback.

  2. This is enformation if it is exactly as TRNX has presented, is more than a positvie step in the right direction ! Lets be honest,….there is a enormous opportunity for any company developing any products or solutions to enrich our understanding of the ecological disaster we are in the middle of, if the company’s leadership has an eye on the future and a great fimancial plan to get there, with the produsts and solutions they have now and direction to employ there technology to its fullest extant, they need to be aggressive in deployment and contracts, but they need to be disciplined in the financial risks that are necessary and unnecessary, period ! For now, it looks like a peak at the sun, if they can stop the rain, we will see a company return from the ashes, this message is for the people running TRNX so they know we support them, as well as a message for investors, it looks good on the surface,….but dig deep for the financial facts to determine for yourself, remember….
    The golden rule, an opinion is worth nothing, the facts are reality and analysts are 85% corrupt, do not laugh, that is me being nice !

    • Thanks for your comment JJ. I agree, looks good on the surface. Financials need work, but the company is making strides. Let’s hope it continues.

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