Friday, December 9, 2011

MagneGas Announces Initiation of Production and Sale of Metal Cutting Fuel In Michigan

MagneGas Announces Initiation of Production and Sale of Metal Cutting Fuel In MichiganOrlando, FL 12/9/11 (StreetBeat) -- MagneGas Corporation (OTCBB: MNGA.OB), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today the initiation of production and sale of MagneGas fuel for metal cutting in Michigan. The Company has expanded its operations into Michigan by leasing an industrial building located in Rochester Hills, MI.

As a testament to the Company's commitment to furthering its growth strategy, MagneGas recently deployed a 50 kWh mobile refinery to demonstrate the production of MagneGas at selected onsite customer locations throughout the state of Michigan . The Company has also completed the construction of a large 300 kWh MagneGas refinery for shipment and installation in Rochester Hills by January 2012 .

Through demonstrations with existing MagneGas Distributor Blue Water Industries, the Company has received an initial purchase order for 200 cylinders of MagneGas. Blue Water currently has over 30,000 fuel cylinders in rotation and produces and sells more than 2.0 million cubic feet of metal working fuel per month. Due to the increased customer demand of MagneGas, Blue Water Industries estimates that they will order up to 20,000 cylinders of MagneGas per year.

As the Company continues with the expansion that began earlier this year, MagneGas has now started hiring, training and deploying personnel in the area. In preparation for the arrival of the large refinery, MagneGas is coordinating production and marketing efforts that include ongoing demonstrations with its mobile refinery. The Company is also investigating the recycling of selected non hazardous liquid waste to maximize profitability.

"The expansion of our operations into Michigan further validates our technology and fuel as we continue to see an increasing demand for MagneGas," commented Scott Wainwright , President of MagneGas. "Through distributors, such as Blue Water, MagneGas is being well received as a clean alternative in the metal working fuel market. With the installation of the large refinery as well as the mobile unit leading demonstrations, we are confident that this is a significant step for MagneGas as we continue to expand our presence throughout the U.S."

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