Taronis Technologies, Inc. has announced its intention to spin-off its wholly-owned subsidiary, Taronis Fuels. Inc.
Taronis Fuels owns and operates MagneGas Welding Supply, the company’s US industrial gas and welding supply retail business.
“Our comprehensive patent portfolio has created some very unique opportunities,” said Scott Mahoney, CEO of Taronis.
“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 effort to help realise shareholder value across our entire business.”
... to continue reading you must be subscribed
