MagneGas Awarded “Most Innovative Sustainability Solution”
November 28 2018 - 8:00AM
MagneGas Recognized for Innovation at
Maritime2020 Asia Summit
MagneGas Applied Technology Solutions, Inc. ("MagneGas" or
the "Company") (NASDAQ: MNGA), a leading clean technology
company in the renewable resources and environmental solutions
industries, announced today that it was granted an award as the
“Most Innovative Sustainability Solution” at the 2018 Maritime2020
Asia Summit that was held November 27, 2018 in Singapore.
Scott Mahoney, Chief Executive Officer of
MagneGas, commented, “We’re proud to be recognized by global
industry players as an innovative sustainability leader. As we
develop our fourth-generation gasification unit further and improve
our relationships with ports and major industries for metal-cutting
fuels and waste-to-energy applications, we can better scale our
offerings to improve global environmental waste and energy
solutions.”
“We thank the organizers of the Maritime2020
Asia Summit, as well as the shipping and maritime industry for
their recognition and vote of confidence in us. We look forward to
partnering with many of the government and business organizations
we’ve met here in Singapore to further implement MagneGas
technologies,” added Mr. Mahoney.
This summit is considered one of the premier
events convene C-level representatives of the entire maritime
industry supply chain and LNG leader who will share specialist
information and engage in discussions about the upcoming
regulations, regarding the global cap on sulphur content in
shipping fuel, review LNG use in the marine sector and the best
bunkering solutions.
About MagneGas Applied Technology
Solutions, Inc. MagneGas Applied Technology Solutions,
Inc. (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
distributors, ESSI, Green Arc Supply, Paris Oxygen, Latex Welding
Supplies, United Welding Supplies, Trico Welding Supply and
Complete Welding of San Diego. The Company operates 13 locations
across California, Texas, Louisiana, and Florida.
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.
News ReleaseInvestor
Contacts:Tirth PatelEdison AdvisorsT:
646-653-7035tpatel@edisongroup.com
Magnegas Applied Technlgy Sol (MM) (NASDAQ:MNGA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Magnegas Applied Technlgy Sol (MM) (NASDAQ:MNGA)
Historical Stock Chart
From Apr 2023 to Apr 2024