MNGA Expanding ... TAMPA, Florida, November 1, 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 two locations of a leading heavy equipment rental company will be using MagneGas2® for metal cutting and repairs.
The equipment rental company has been using MagneGas2® in Florida and now is expanding its use into a New Jersey location. The customer has locations throughout the United States and Canada.
The fuel for the New Jersey location will be sourced by MagneGas Distributor AWISCO Corporation. MagneGas and AWISCO partnered in a marketing effort aimed at expanding the use of MagneGas2® in the New York and New Jersey markets.
MagneGas personnel demonstrated the fuel's superior metal cutting benefits with assistance from the AWISCO sales team. The rental company primarily leases heavy equipment and will use the fuel to repair that equipment at their hub in New Jersey, where equipment repairs for that state are centralized.
"This marquee customer is just another example of our progress on strategy execution. We have found more and more companies are interested in environmentally friendly alternatives to acetylene for metal cutting.
We believe that MagneGas2 has been introduced at a time that is well suited for just such an alternative fuel.
To our knowledge, MagneGas2 is the only fuel made from a renewable source. In addition, testing has shown that our fuel cuts 38% faster than acetylene, making it a more productive fuel choice.
We are currently in two locations with this new customer and we believe this could lead to additional market penetration in this segment," stated Ermanno Santilli, CEO of MagneGas.