Initial CoronaLux™ installations have addressed the medical waste market where prevailing destruction methodologies are antiquated and costly and create harmful emissions through incineration and high-energy plasma treatment. More recently, the Company is deploying a CoronaLux™ system to an oil and gas refinery, where destruction of volatile organic compounds, or VOCs, is a high priority. CoronaLux™ is the industry’s most versatile solution, appropriate for on-site, mobile or centralized collection applications.
Paragon’s market strategy is initially focused on two sectors: regulated medical waste space, where the technology’s on-site operation capability is a major game changer; and refineries, for use in VOC gas destruction and solid waste minimization. These markets are both multi-billion dollar industries that have advanced very little over the last several decades.