Additional Industrial Gas Supplier From California Begins Immediate Distribution of MagneGas Fuels
MagneGas Expects Increasing Demand Will Require Construction Of Its First Local Waste Conversion/Fuel Supply Facility in California.
TAMPA, Florida -- MagneGas Corporation ('MagneGas ' or the 'Company') (NASDAQ: MNGA) announced today that Piners Welding Supply of Napa California ('Piners') a major supplier to the metal cutting and steel demolition markets in Napa, will begin distributing MagneGas2 immediately.
Piners will supply the Company's MagneGas2 fuel in Napa and its surrounding metropolitan areas. Piners is a leading supplier of gases for industrial, winery, medical and hobby purposes in the Napa Valley area. The gas will be supplied by MagneGas partner Placer Power Inc., also of California, the Company's main distribution supplier to the West Coast markets.
'We continue to increase our penetration in California through several new distributors on the West Coast. The overwhelming feedback has been positive regarding the MagneGas2 attributes including ease of use and of speed of cut. After a simple demo of our gases versus the traditional acetylene or propane fuels, it's an easy decision for distributors to begin selling our product. The long term plan for Placer is to begin the manufacturing of fuel here locally, after which time we expect strong penetration in the area and recurring revenue to be significant,' commented Chris Dupont, CEO of Placer Power.
Piners is a leading supplier of gases for industrial, winery, medical and hobby purposes in the Napa Valley area, covering Napa, Sonoma, & Solano counties. They are a carrier of full line welding equipment, gases, & accessories.
About MagneGas Corporation
MagneGas Corporation (NASDAQ: MNGA). The key asset that MagneGas has and that sets it apart from competitors is that the Company owns a patented process that converts various liquid waste into hydrogen based fuels.
These fuels can be used as a replacement to natural gas or for metal cutting. The Company's testing has shown their fuels are renewable, eco friendly, faster, cleaner and more productive than other alternatives on the market. They are also cost effective and safe to use with little changeover.
The latest innovation, MagneGas 2 , has a higher temperature than other alternatives. MagneGas 2 also cuts faster and cleaner with little to no slag and uses less oxygen, with the potential to increase productivity and reduce costs for users. The Company currently sells MagneGas2 into the metal working market as a replacement to acetylene.
Another of the Company's market advantages is that their waste conversion facilities can and are being set up in locations close to where the end user needs the fuel. Currently, the fuel is produced in the USA as opposed to, for example, acetylene, which is made from calcium carbide imported primarily from China and other countries. The Company believes this flexibility can give them a noted advantage in the Government/Military marketplace as fuels can be manufactured on site from raw materials found locally worldwide and eliminates the time and expense of shipping to the specific military theater.
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.
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