TAMPA, Florida -- MagneGas Corporation ('MagneGas' or the 'Company') (MNGA) a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2® fuel, announced today that its cutting fuel has again been selected by industry experts as the fuel of choice for five major demolition projects in Florida. MagneGas2® fuel is being used for the steel cutting portion of the projects which involve two separate demolition companies. The projects are both long and short term and in various stages of work in progress, with various amounts of steel cutting required.
The five demolition and reconstruction projects range in scope from hotels, resorts and other structures to roadways & bridges, and cover both the private, public and military sectors. Along with the previously announced Pier demolition in St. Petersburg, MagneGas2® is now being used in 6 of the top 10 demolition projects in the Central Florida area, based on Company estimates.
MagneGas2® has increasingly and consistently received positive feedback not only from end users such as demolition companies, but also from utility companies, industrial & military facilities due to its proven faster cutting speed and smaller heat affected zone, demonstrated safety attributes and its eco-friendly aspects. The fuel is produced in the USA as opposed to acetylene which is made from calcium carbide imported primarily from China and other countries. The increased cutting speed translates into the potential of increased productivity and lower costs for end users.
'This is yet another instance where the companies involved in major projects have asked for MagneGas specifically as the fuel of choice. Feedback is that MagneGas adds dollars to their bottom line, due to the speed of the cut, increased productivity, less fuel required and results in a quicker, less costly completion date,' commented Ermanno Santilli, CEO of MagneGas Corporation.
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About MagneGas Corporation
MagneGas® Corporation (MNGA). The Company owns a patented process that converts various liquids and liquid wastes 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 the fuels are faster, cleaner and more productive than other alternatives on the market. They are also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene.
The MagneGas fuel production systems can be set-up locally using various types of feedstock. The Company believes this flexibility can give them an 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 is planning to establish joint ventures with third parties to construct these supply facilities worldwide.
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.