Growing demand for 's (NASDAQ: MNGA) speciality fuels has created a substantial backlog, the group said, and it has ordered an additional 2,000 fuel cylinders.
Also ESSI, its wholly owned distribution company, has put an additional 400 cylinders into service to help accommodate ancillary gas demand.
" is now being used by several major utility companies, demolition companies, first responders and as most recently announced, at the Kennedy Space Center," the group told investors.
"This is proof that our strategy is succeeding. We started with independent verifications of our safer, faster and cleaner cutting fuel from prestigious organizations and leveraged those results to sell into these marquee customers.
Chief executive Ermanno Santilli continued: "As a result, we are literally almost out of cylinders and this purchase will allow us to continue to expand our market penetration.
"We look forward to seeing the impact of these new cylinders on revenue in the coming months as we continue to expand nationwide. Finally, as we move into our fantastic new headquarters we will be able to bring our third unit on-line to produce yet more ."
Industries ranging from demolition companies and utility companies to first responders and fabricators have been praising and ordering the fuel because of its proven faster cutting speed, eco-friendly aspects, smaller heat affected zone and lower cost.
The fuels can be used as a replacement to natural gas or for metal cutting.