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MagneGas Corp MNGA

"MagneGas Corp is a part of the energy markets. The company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. It also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales, and Service, Inc."


NDAQ:MNGA - Post by User

Post by aebestaceyon Jul 28, 2016 3:10pm
126 Views
Post# 25093132

Continues to bring in Good News .....

Continues to bring in Good News .....
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Press release from PR Newswire

Fortune 100 Global Auto Company Converts Mid-west Factory to MagneGas2® as Exclusive Metal Working Fuel

Wednesday, July 27, 2016

 

Fortune 100 Global Auto Company Converts Mid-west Factory to MagneGas2® as Exclusive Metal Working Fuel

08:00 EDT Wednesday, July 27, 2016


After Successful Demonstration, Top Auto Manufacturer Switches to MagneGas2® at Award Winning Factory

TAMPA, Florida, July 27, 2016 /PRNewswire/ --

MagneGas Corporation ("MagneGas" or the "Company") (MNGA) a leading technology company that counts among its inventions a patented process that converts renewable and liquid waste into MagneGas2® fuel, announced today that a global auto manufacturing company based in the mid-western United States has chosen to switch to MagneGas2® as its sole fuel of choice for metal working in one of its top award winning factories.

The company chose MagneGas2® to be its exclusive fuel at one of its mid-western factories and to discontinue using acetylene after several successful demonstrations of the use of the fuel for metal cutting.  

A local MagneGas distributor has received purchase orders from the auto company for MagneGas2® which will be used for cutting, brazing, and other operations.  The company has also indicated an interest in using MagneGas2® at other manufacturing facilities in the future.

 

"This automobile manufacturing company is a leader in adopting renewable and waste reducing technologies. We believe MagneGas2® will save them money by reducing down time on the assembly line while demonstrating their continued environmental leadership with our fuel which is the only renewable metal working fuel available today.

Independent testing shows that MagneGas2® is a faster, hotter replacement to existing cutting fuels. Apart from MagneGas2®' main attributes of increased speed and efficiency, MagneGas2® is made from renewable resources right here in the USA.

 We have been in various stages of testing with this auto company for over one year and this event is the culmination of significant effort.  We believe these initial purchase orders will open the door to other larger opportunities with this customer.

 This relationship is just one of several marquee customers that have selected recently MagneGas2®," stated Ermanno Santilli, CEO of MagneGas.


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