TAMPA, Fla., May 21, 2015 /PRNewswire/ -- MagneGas
Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading
technology company that counts among its inventions a patented
process that converts liquid waste into MagneGas® fuel, announced
today that a major producer of painting systems, viewed a
MagneGas2® demo and has requested an immediate supply of the fuel
for metal cutting.
The demo was viewed by company officials on May 19, who indicated they were impressed with
the speed and quality of the cut and immediately requested a supply
of the fuel. The company has locations in the U.S. and
Mexico and produces large paint
booths and other ancillary systems for the automotive and aerospace
manufacturing industries. The gas will initially be supplied
to their location in Michigan.
"We continue to be amazed at the number of companies that have
contacted us for MagneGas2 demonstrations. Each company has
indicated they are impressed with the quality and speed of our cut
and the safety features of the fuel. In the industrial gas
business, everything starts with the first order, particularly with
a new innovative product such ours. We are confident that this will
provide a significant foundation for expansion opportunities,"
commented Ermanno Santilli, CEO of
MagneGas Corporation.
About MagneGas Corporation
Founded in 2007, Tampa-based
MagneGas Corporation (NASDAQ: MNGA) is a technology Company that
counts among its inventions, a patented process that converts
liquid waste into hydrogen based fuels. The Company currently
sells MagneGas® into the metal working market as a replacement to
acetylene. It is also selling equipment for the sterilization
of bio-contaminated liquid waste for various industrial and
agricultural markets. In addition, the Company is developing
a variety of ancillary uses for MagneGas® fuels utilizing its high
flame temperature for co-combustion of hydrocarbon fuels and other
advanced applications. For more information on MagneGas®,
please visit the Company's website at www.MagneGas.com.
The MagneGas IR App is now available for free in Apple's
App Store for the iPhone or iPad
http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for
Android mobile devices.
To be added to the MagneGas investor email list, please email
pcarlson@kcsa.com with MNGA in the subject line.
FORWARD-LOOKING STATEMENTS
This press release contains 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.
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visit:http://www.prnewswire.com/news-releases/global-automotive-industry-supplier-requests-magnegas-300087016.html
SOURCE MagneGas Corporation