TAMPA, Florida, April 10, 2017 /PRNewswire/ --
MagneGas Corporation ("MagneGas" or the "Company") (MNGA ), a
leading clean technology company in the renewable resources and
environmental solutions industries, announced today that its
wholly-owned subsidiary, Equipment Sales and Services, Inc.
("E.S.S.I") was selected to provide welding supplies and industrial
gases for the construction of the Orlando City Soccer Stadium.
S&R Enterprises LLC, a contractor for the $155 million project, purchased their welding
supplies and industrial gases from E.S.S.I. S&R was first
introduced to MagneGas2® during a demonstration over a year ago at
the Kennedy Space Center.
Immediately after the demo, S&R chose to switch to E.S.S.I. for
their purchase of MagneGas2®, hard goods and other industrial
gases. The performance of MagneGas2® opened the door to E.S.S.I,
establishing a relationship with S&R which has produced several
opportunities inside and outside of Florida.
"This is yet another example where MagneGas2 opened the door to
a large contracting opportunity. We believe our relationship with
S&R would not exist if we did not have MagneGas2. We are
gratified at how quickly a client chooses MagneGas as their fuel of
choice, once having seen MagneGas' attributes in a live demo," said
Ermanno Santilli, CEO of MagneGas
Corporation.
About S&R Enterprises LLC
In March of 2003, Stephen C.
Burkholder left his place of employment to create a business
of his own, he took his years of experience in steel and precast
construction and his devotion to safety, quality, and customer
service to create S&R Enterprises, a company whose core values
would be centered around these ideals. Steve chose S&R
headquarters to be located in Central
Pennsylvania and aimed for construction in the mid-Atlantic
region, he wasn't looking to be the biggest erector in the area but
he wanted S&R Enterprises to be revered as the best in safety,
quality and customer service. To do this, he would employ
like-minded people to help his company grow; ten years later,
S&R Enterprises has expanded beyond the mid-Atlantic region to
become an international construction company that can erect an
array of technical structures from train stations, to conference
centers, as well as utility and office buildings always striving to
be the best in safety, quality, and customer service. For more
information on S&R, please visit the Company's website at
http://www.srenterprises.com/
About MagneGas Corporation
MagneGas® Corporation (MNGA) owns a patented process that
converts various renewables and liquid wastes into MagneGas fuels.
These fuels can be used as an alternative to natural gas or for
metal cutting. The Company's testing has shown that its metal
cutting fuel 'MagneGas2®' is faster, cleaner and more productive
than other alternatives on the market. It is also cost effective
and safe to use with little changeover costs. The Company currently
sells MagneGas2® into the metal working market as a replacement to
acetylene.
The Company also sells 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 http://www.MagneGas.com.
The Company distributes MagneGas2® through Independent
Distributors in the U.S and through its wholly-owned distributor,
E.S.S.I (Equipment Sales and Services, Inc). E.S.S.I has four
locations in Florida and
distributes MagneGas2®, industrial gases and welding
supplies. For more information on E.S.S.I, please visit the
company's website at http://www.weldingsupplytampa.com
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. The Company is
currently using virgin vegetable oil to produce fuel while it
configures its systems to properly process waste within local
regulatory requirements.
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.
Investor Contacts:
KCSA Strategic Communications
Philip Carlson
+1-212-896-1233
pcarlson@kcsa.com
Brad Nelson
+1-212-896-1217
bnelson@kcsa.com
SOURCE MagneGas Corporation