TAMPA, Fla., July 29, 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 waste to energy company, which previously viewed
a demonstration of MagneGas® fuel for metal cutting, has placed
multiple orders.
Company officials viewed a MagneGas demonstration in
Florida and New Jersey and requested formal testing at
their company headquarters. Testing was successful and the
Company has placed multiple orders of MagneGas® for metal cutting
to begin roll-out of the product to their facilities. MagneGas®
will be used as a replacement to acetylene for repairs and
demolition. The waste to energy company has 45 facilities
throughout the world that process large volumes of solid waste into
renewable energy. The company is publicly traded on the NYSE,
with a market value of over $2
billion. Their name is being held confidential until
completion of the roll out.
"This is just another example of the execution on our strategy
to attract marquee customers that can have a significant impact on
revenue as our product rolls out to multiple locations. As
with other customers of this size, the testing and demonstration
took time, but in the end they saw the benefits of MagneGas for
metal cutting. These initial orders have been filled and we look
forward to supplying several other locations," 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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SOURCE MagneGas Corporation