Taronis Fuels, Inc. announced the Company has secured its newest industrial gas and distribution location in Peoria, Arizona. The new Arizona location will serve as a retail industrial gas location and will operate under the MagneGas Welding Supply brand like the existing locations in California, Texas, Florida, Louisiana, and Indiana. This is the third new retail location the Company has added in the second quarter of 2020, bringing the total number of retail locations to 26. In addition, Taronis announced that this location will also serve as the Company’s third MagneGas production facility, operating as a regional distribution hub to serve the Company’s nine industrial gas locations in Arizona and California. The Company’s new heating, ventilation, and air conditioning (“HVAC”) industrial gas business operated under the TGS brand is also scheduled to co-locate and launch operations in the Phoenix and Tucson markets in the fourth quarter of 2020. The TGS expansion is expected to add upwards of $2 million in annualized industrial gas sales. The Arizona market has become an area of increased focus for the Company. Taronis previously announced the relocation of its corporate headquarters to Peoria, Arizona. The new headquarters is expected to open in late June.
Taronis Fuels, Inc. is a renewable fuel and power generation company. The Company manufactures and distributes industrial, medical, specialty and beverage gases and associated welding and safety supplies through its subsidiary, MagneGas Welding Supply. The Company operates over 15 retail locations and two gas fill plants. The Companyâs gas fill plants create industrial, medical, specialty and beverage gas products that are distributed to its wholesale and retail customers. The Company also supplies its customers with products ranging from bulk quantities of cryogenic gases to individual packaged gas cylinders. The Company has a diversified customer base in both the wholesale and retail markets. The Company has the expertise, assets and sources of supply necessary to service large, bulk cryogenic gas customers as well as small one-man businesses.
TARONIS FUELS, INC. 
