Orlando, FL 6/19/12 (StreetBeat) -- MagneGas Corporation ("MagneGas" or the "Company") (OTCBB:MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that the Company has entered into an agreement with RJ Torching, Inc. ("RJ Torching") to provide MagneGas™fuel for metal cutting exclusively at RJ Torching's recycling facilities in Flint, MI.RJ Torching, the environmentally conscious Detroit recycler and inventor of the SPARCS *** metal cutting exhaust gas collection system (www.torchingsolutions.com), tested MagneGas™ extensively and has agreed to purchase all of their metal cutting gas needs from MagneGas. In addition, MagneGas will install a 150kW unit onsite to produce MagneGas™ and supply RJ Torching and the surrounding area its superior metal cutting gas.
"The ability to cut metal quickly, cleanly and in an environmentally-friendly way is crucial to the success of our business," commented Jason Roughton, President of RJ Torching. "After extensive testing, we determined MagneGas™ exceeded our expectations with its superior metal cutting properties, reduced secondary smoke while also increasing our savings on operating costs."
"MagneGas is delighted to offer RJ Torching an innovative solution that will help meet the environmental challenges currently affecting the recycling industry," commented Marc Cuffaro, Executive Vice President of Business Development at MagneGas. "RJ Torching is seen as a leader in the industry as an early adopter of new technologies and we look forward to a long and successful working relationship."
Ermanno Santilli, CEO of MagneGas commented: "MagneGas has spent the first half of this year showing the metal cutting industry that we have a superior metal working gas based on direct and wholesale distribution. As we commence the second phase of our growth strategy, we will show the industry that our unique technology is capable of producing superior metal working fuel on-site and on-demand to virtually eliminate cylinder and distribution costs. We are confident that this unique solution will appeal to large users of metal cutting gas nationally as well as globally."
To be added to the MagneGas investor email list, please email pcarlson@kcsa.com with MNGA in the subject line.
The MagneGas iPhone App is now available for free at the Apple App store on the iPhone or athttp://bit.ly/AfLYww.
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