TAMPA, Florida, September 18, 2017 /PRNewswire/ --
MagneGas Corporation ("MagneGas" or the "Company")
(NASDAQ: MNGA), a leading clean technology company in the renewable
resources and environmental solutions industries, announced today
that the Company has been featured in the September issue of
Gasworld, a leading trade publication in the global industrial gas
and welding technology industry. This issue focuses on leading
green gas and disruptive technologies, and the feature article
highlights the advantages of MagneGas2®. The article is available
on MagneGas' website at
http://magnegas.com/download/gasworld-sept-2017/
"This is yet another key validation in the market acceptance of
our MagneGas® product," commented CEO Ermanno Santilli. "Gasworld is one of the most
respected sources of trade information and provides insights into
the strategic direction of the global industrial gases industry. To
be selected to play a leading role for our recent success in the
industry is an exciting honor and a great platform for our
industry-changing technology. Gasworld was impressed by the value
proposition of our gasification units when compared to similarly
sized acetylene production facilities. The article highlighted key
aspects of the technology including the complete elimination of
polluting slurry pits, the complete elimination of dangerous
calcium carbide, and the complete elimination of water consumption,
all within a 70% smaller footprint. Finally, the article notes that
the patented MagneGas gasification system produces the only
renewable cutting fuel in the world. We expect to fully leverage
the increased exposure resulting from this Gasworld article to win
additional clients and build distributor relationships in the
coming months."
"The data is beginning to clearly demonstrate the traction
MagneGas is gaining in the market," commented Scott Mahoney, Chief Financial Officer of
MagneGas Corporation. "We recently reported 50% year-over-year
growth in the second quarter of 2017. We then reported record sales
results for August 2017 with more
than 57% year-over-year growth. Compared to an industry growth rate
of 2-3%, we believe these results clearly illustrate our success,
and we are pleased that Gasworld recognizes this and chose to
feature our company."
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,
ESSI (Equipment Sales and Services, Inc). ESSI has four locations
in Florida and distributes
MagneGas2®, industrial gases and welding supplies. For more
information on ESSI, please visit the company's website at
http://www.weldingsupplytampa.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.
Investor Contacts:
Crescendo Communications
T: +1-844-589-8760
mnga@crescendo-ir.com
SOURCE MagneGas Corporation