Cleaner – Safer – Smarter Q1 2019 Investor Presentation NASDAQ: MNGA
Forward Looking Statements This presentation forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov. www.taronistech.com | Nasdaq:MNGA 2
Introduction • Taronis, our new name is derived from Taranis, the God of thunder and lightning in ancient Celtic mythology. We feel this is a strong reference to our core technology, centered on the power of the plasma arc. • Taranis is also associated with the wheel, which also linked to the modern concept of a sustainable, circular economy. • Taronis is now a technology-based resource conservation company. • We help address global constraints on two of our most precious resources: fuel and water. www.taronistech.com | Nasdaq:MNGA 3
Corporate Summary Founded in 2007, based in Phoenix, Arizona. 130 Employees. 22 Distribution locations: California, Texas, Louisiana, Florida. Taronis has two core technology applications: 1) Renewable Fuel Gasification 2) Water Decontamination 30+ years to develop by MIT & Harvard faculty. Deep IP patent protected portfolio. Multiple trade secrets. Commercially active & rapidly scaling US gasification business. ✓ Fluid decontamination launched grant-funded pilot Q4 2017. ✓ Launched European grant funded biofuels pilot Q3 2018. ✓ www.taronistech.com | Nasdaq:MNGA 4
Cleaner – Safer - Smarter As a key component of our rebranding, Taronis has developed a new corporate mission statement: Cleaner: All aspects of our technology offer a superior alternative to prevailing industrial solutions when it comes to environmental footprint and human health. Safer: Every measurable aspect of our technology also offers a demonstrably safer alternative to the incumbent solutions on the market today. Smarter: We strive to deliver the simplest, most robust technological solution for the most pressing global needs facing humanity today. www.taronistech.com | Nasdaq:MNGA 5
Our Technology Submerged Plasma Arc Flow System Overview Our patented system enables fluid to efficiently • High Heat Granite Granite Area pass through a submerged plasma arc. Venturi Venturi Electrode To create a synthetic fuel, the fluid must contain • D D hydrogen and oxygen, carbon supply can be D D facilitated by the electrodes. Plasma Arc D As the fluid passes through the arc, hydrogen, • Gasificatio carbon and oxygen molecules are liberated and n Zone gasified. Electrode A wide range of feedstocks can produce different • gases, with differing flame and heating properties. Typically, our fuels are 40-60% ionized hydrogen • and 30-40% other synthetic hydrocarbon and carbon compounds. www.taronistech.com | Nasdaq:MNGA 6
Independent Technology Validation RESEARCH ORGANIZATION TESTING REPORT PRODUCED ATLANTIC ANALYTICAL GAS COMPOSITION GAS ANALYSIS REPORT CALIBRATION TECHNOLOGIES GAS COMPOSITION GAS DENSITY MEASUREMENT TEST RESULTS GAS CHROMATOGRAPHY AND MASS SPECTROMETRY CHEMIR GAS FEEDSTOCK TESTING ANALYSIS OF FEEDSTOCK SAMPLES MAGNEGAS FLAME TEMPERATURE RESEARCH CITY COLLEGE OF NEW YORK GAS REACTIVITY RESULTS CONSCI GAS COMPOSITION GAS COMPOSITE CERTIFICATE OF ANALYSIS ADIABATIC COMPRESSION AND SHOCK SENSITIVITY DEKRA GAS REACTIVITY TESTING FOR MAGNEGAS INVESTIGATION INTO POSSIBLE CAUSES FOR DEKRA GAS REACTIVITY ENEREGY RELEASE REACTVITIY AND SESITIVITY RESULTS FOR DEKRA GAS REACTIVITY MAGNEGAS2 GAS MIXTURE SESITIVITY TEST RESULTS - MAGNEGAS DROP DEKRA GAS REACTIVITY TESTING EDISON WELDING INSTITUTE GAS APPLICATIONS EVALUATION OF OXYFUEL GAS CUTTING FUELS ELEMENT MATERIALS TECH GAS COMPOSITION REFINERY GAS ANALYSIS MAJOR COMPONENT ANALYSIS BY GAS GAS TECHNOLOGY INSTITUTE GAS COMPOSITION CHROMATOGRAPHY HEAT OF REACTION AND ADIABATIC FLAME GEORGIA TECH GAS REACTIVITY TEMPERATURE MAGNEGAS SPARK IGNITION AND DECOMPOSITION GEORGIA TECH GAS REACTIVITY TESTS NASA WHITE SANDS GAS COMPOSITION GAS COMPOSITION ANALAYTICAL REPORT I SAYBOLT GAS COMPOSITION GAS COMPOSITION ANALAYTICAL REPORT II SAYBOLT GAS COMPOSITION GAS COMPOSITION ANALAYTICAL REPORT III REFORMED GAS COMPOSITION BY GAS TEXAS OIL TECH GAS COMPOSITION CHROMATOGRAPHY AND MASS SPECTROMETRY ALTERNATIVE METAL HOT CUTTING OPERATIONS UNITED STATES NAVY GAS APPLICATIONS FOR OPACITY PRESSUE AND ENERGY STABILITY COMPARISONS WHA INTERNATIONAL GAS REACTIVITY BETWEEN MAGNEGAS2 AND MAGNEGAS2B PRESSURE AND ENERGY STABILITY MEASUREMENTS WHA INTERNATIONAL GAS REACTIVITY ON MAGNEGAS2 7 NASDAQ: MNGA
Corporate Timeline Company Launch of $0.5MM Acquisition of Acquisition of €2.5MM Corporate Acquisition of formed. OTC multi-year USDA grant San Diego gas Sacramento EU grant application rebrand as Clearwater, FL listing Indiana hog application distributor gas distributor submitted Taronis distributor complete farm testing awarded Technologies JUN JAN APR OCT JAN Q4 2014 Q4 2015 2007 2017 2018 2018 2018 2019 2010 2012 Q3 2015 Q3 2016 DEC FEB SEPT OCT 2017 2017 2018 2018 Wholesale Indiana USDA grant Acquisition €6.0MM EU Acquisition of NASDAQ $0.5MM launch of hog farm funded of Flint, TX LIFE grant three East uplisting USDA grant distribution of testing project gas awarded Texas & completed application proprietary finished launched at distributor with German Louisiana gas submitted metal cutting Florida dairy partners distributors fuel farm www.taronistech.com | Nasdaq:MNGA 8
Renewable Fuels – Gasification Overview Renewable Fuel Gasification Mode of Operation • In this mode, the unit operates as a closed loop. • Renewable feedstock is continuously re-circulated up to 7-10 times to completely gasify all materials. • The feedstock is repeatedly exposed to the arc to achieve the maximum possible gasification rates. • Common feedstocks: vegetable oil, soybean oil, ethanol, butanol, ethylene glycol used motor oils, diesel, etc. • Commercial applications: renewable substitutes for acetylene, propane, natural gas, and a wide range of traditional fossil fuel products. www.taronistech.com | Nasdaq:MNGA 9
Production Costs Influence Addressable Markets • From 2012 to now, we Cost of Production ($ Per Cubic Foot) Production Cost Per Cubic Foot have reduced our $1.00 production costs by 88%. $0.90 $0.80 • We project to reduce our $0.70 costs by another 50% in $0.60 the next 12 months, and by $0.50 up to 75-80% in 2 years. $0.40 • We are on the verge of $0.30 simply out-pricing $0.20 acetylene producers. $0.10 $0.00 $0 $0 $0 $5 $5 $22 $50 $100 • We have plans to offer propane and liquid natural Total Addressable Market ($Billions) gas substitutes. Acetylene Propane Natural Gas www.taronistech.com | Nasdaq:MNGA 10
Renewable Fuels Gasification Timeline 1 st Generation Company acquires Edison Welding 4 th Generation 10,400F Flame Institute verifies 40% first captive production unit temperature verified by prototype EU grant distributor in faster cutting speed goes live. City College of New York. application filed. vs. acetylene. Clearwater, FL. 2007 2012 Q4 2014 Q4 2018 Q3 2014 Q2 2014 Q4 2014 Q2 2015 Q1 2017 2010 2012 3 rd Generation 3 rd Generation Company 2nd Generation US Navy verifies NASA completes executes first production unit gas analysis of 2 nd metal cutting production unit of gas wholesale goes live. speeds up to 100% goes live. 2 nd produced generation metal distributor cutting fuel. faster vs. acetylene. Generation of using butanol contract in US. gas produced feedstock using soybean derived from corn. oil feedstock. www.taronistech.com | Nasdaq:MNGA 11
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