AB&I Foundry, a McWane Company, Selects MagneGas
Major U.S. Foundry Selects MagneGas for Fabrication and Repairs
TAMPA, Fla. -- MagneGas Corporation ('MagneGas' or the 'Company') (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas fuel, announced today that AB&I Foundry is now using MagneGas2 for fabrication and repairs at its Oakland, California facility. MagneGas distributor, TriCo Welding Supplies Inc. will be sourcing the fuel through MagneGas partner Placer Power, LLC. both California based.
AB&I Foundry produces quality cast iron soil pipe and fittings for drain, waste and vent (DWV) plumbing systems. They are a McWane, Inc. company based in California. McWane is a global leader in water distribution and infrastructure with 28 subsidiary companies world-wide. Company officials have indicated that they have chosen MagneGas2 due to its safety features and enhanced efficiency. MagneGas will initially be supplied to the California AB&I location, but plans to solicit expansion into other locations and subsidiary companies.
'We have an internal pollution control contest at AB&I, and I'm confident MagneGas will help me to be a contender that can win due to its safety features, reduced emissions and increased efficiency,' stated Mike Olvera, AB&I Foundry Environmental Manager.
About AB&I Foundry, Inc.
AB&I Foundry produces quality cast iron soil pipe and fittings for Drain, Waste and Vent (DWV) plumbing systems. In addition, AB&I manufactures custom gray iron castings for OEM manufacturers. AB&I steadfastly adheres to ethical standards of business and adheres to quality standards for our products.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene. It is also selling 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 www.MagneGas.com.
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