Showing posts with label MagneGas Corporation. Show all posts
Showing posts with label MagneGas Corporation. Show all posts

Tuesday, June 19, 2012

MagneGas (OTCBB: MNGA) Secures Large Michigan Customer In RJ Torching

MagneGas (OTCBB: MNGA) Secures Large Michigan Customer In RJ TorchingOrlando, 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.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Thursday, April 26, 2012

MagneGas (OTCBB: MNGA) Adds Large Direct Fuel Customer in Suncoast Metals

MagneGas (OTCBB: MNGA) Adds Large Direct Fuel Customer in Suncoast MetalsNorthern, WI 4/26/12 (StreetBeat) -- MagneGas Corporation (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 it has reached an agreement with Suncoast Metals LLC (Suncoast) to provide MagneGas™ fuel for metal working. Suncoast, a full service metal recycling company with over $32 million in annual revenue, has agreed to use MagneGas™exclusively for their scrap operations and has accepted its first order of MagneGas™ fuel.

"By working with MagneGas, we are demonstrating our level of commitment towards improving the environment," stated Mike Allen, Vice President of Suncoast Metals, LLC. "We found MagneGas™ performance superior to other metal working fuels and this was a major factor in our decision. We are confident that using MagneGas™ will allow us to improve our productivity and reduce costs while continuing to provide our customers with exceptional service."

"Our continued growth is a testament to the fact that we are able to provide our customers with the performance and savings they expect when using MagneGas™ as the primary fuel option for their metal cutting needs," commented Scott Wainwright, President of MagneGas. "We look forward to furthering our relationship with Suncoast by providing the company with MagneGas™ as they continue to expand their metal cutting operations."

About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation is the producer of MagneGas™, a natural gas alternative and metal working fuel that can be made from certain industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.

The Company's patented Plasma Arc Flow™ process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas. MagneGas™ can be used for metal working, cooking, heating, powering bi fuel automobiles and more.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Monday, January 23, 2012

MagneGas (OTCBB: MNGA) Retained for Large Dismantling Project in Florida

MagneGas (OTCBB: MNGA) Retained for Large Dismantling Project in FloridaNorthern, WI 1/23/12 (StreetBeat) -- MagneGas Corporation (OTCBB: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today the Company has been retained by King Metal Recycling & Processing of Miami, in partnership with Marathon Construction and Demolition of Fort Lauderdale, to supply cutting fuel needed for the dismantling of a 13,300,000 Gallon oil tank located in Port Canaveral, FL.

For this project, MagneGas will be the lone cutting fuel used in the breakdown of the oil tank. The fuel for this venture will be delivered directly from the Company's headquarters located in Tarpon Springs, FL, as MagneGas Corporation estimates over 1,000 cylinders of MagneGas will be required to complete this undertaking. King Metal and Marathon have successfully partnered on various projects throughout the Southeast and have agreed to use MagneGas later in the year for another large joint venture project based in Alabama.

"After seeing a demonstration of MagneGas, we recognized immediately that this environmentally friendly alternative fuel is the ideal choice for this assignment," commented Pete Amador, President of King Metal Recycling & Processing. "By using the MagneGas fuel on this project, we will be able to complete the demolition of the oil tank much faster, more efficiently and at a lower cost when compared to other metal cutting fuels."

"As we continue to successfully execute on our growth strategy, new customers are beginning to see the advantages and effectiveness of using MagneGas," stated Scott Wainwright, President of MagneGas Corporation. "We are excited to be partnering with King Metal Recycling & Processing and Marathon Construction and Demolition on such an endeavor and look forward to a fruitful ongoing business relationship."

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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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