TAMPA, Florida, February 14, 2017 /PRNewswire/ --
LIRR Recovery Team
Used MagneGas2® for its Metal Cutting Fuel During Incident Recovery
Efforts
MagneGas Corporation ("MagneGas®" or the "Company") (Ticker
Symbol: MNGA ) a leading technology company in the renewable
resources and environmental solutions industries, announced today
that it was informed that MagneGas2® was the fuel of choice for
metal cutting and repairs on the Long Island Railroad ("LIRR")'s
January 2017 refurbishment project in
Brooklyn, New York.
The LIRR experienced an accident in January of 2017 on a section
of rail road in Brooklyn, New
York. The accident impaired much of the structural steel and
railway surrounding the accident site. Soon thereafter, the
LIRR recovery team was deployed to repair the rail and surrounding
structure, remove the train and restore service. There was
significant steel repair required that was time sensitive and had
to be performed indoors, in tight quarters.
The Company believes that MagneGas2® was selected over other
fuels for this project due to its faster cutting speed and ease of
use. The fuel was sourced from MagneGas's New York distributor, AWISCO.
In 2016, MagneGas® and AWISCO partnered in a marketing effort to
expand the use of MagneGas2® in the New
York and New Jersey
markets. As part of its marketing plan MagneGas® personnel
demonstrated the fuels' superior metal cutting benefits throughout
the region with assistance from the AWISCO sales team. In January
of 2017, the LIRR maintenance and safety teams incorporated
MagneGas2® as an alternative to acetylene for various repair
projects as part of its refurbishment project.
"Although this was a tragic accident, we are honored that
MagneGas2® was selected for such an important project. The
contractors on the project had the opportunity to choose from a
variety of metal working fuels available today. The fact that they
selected MagneGas2® solidifies our belief about the superior
qualities of the fuel. Being the only fuel in our industry known to
us that is created from a renewable source, testing has shown that
it cuts 38% faster than acetylene - the primary market alternative
to MagneGas2® - making it a more efficient fuel choice. We are
pleased the refurbishment project was successful and that we were
able to play a role in restoring service to the LIRR," stated
Ermanno Santilli, CEO of
MagneGas.
To be added to the MagneGas investor email list, please email
pcarlson@kcsa.com with MNGA in the subject line.
About AWISCO
AWISCO is a leading supplier of industrial gas and welding
supplies in the tri-state area of New
York, Connecticut and
New Jersey with an international
expansion location in Florida. The
Company is a full line supplier for the welding industry and has
been in business for over 65 years.
About MagneGas Corporation
MagneGas® Corporation ("Company" or "MagneGas®") owns a patented
process that converts various renewables and liquid wastes into
MagneGas® fuels. These fuels can be used as an alternative to
natural gas or acetylene for metal cutting. The Company's testing
has shown that its metal cutting fuel "MagneGas2®" is faster,
cleaner and more productive than other alternatives on the market.
It is also cost effective and safe to use with little changeover
costs. The Company currently sells MagneGas2® into the metal
working market as a replacement to acetylene.
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.
The Company distributes MagneGas2® through Independent
Distributors in the U.S and through its wholly-owned distributor,
Equipment Sales and Services, Inc. ("ESSI"). ESSI has four
locations in Florida and
distributes MagneGas2®, industrial gases and welding
supplies. For more information on ESSI, please visit the
company's website at http://www.weldingsupplytampa.com
Forward-looking Statements
This press release contains forward-looking statements as
defined within Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements relate to future events, including our
ability to raise capital, or to our future financial performance,
and involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. You
should not place undue reliance on forward-looking statements since
they involve known and unknown risks, uncertainties and other
factors which are, in some cases, beyond our control and which
could, and likely will, materially affect actual results, levels of
activity, performance or achievements. Any forward-looking
statement reflects our current views with respect to future events
and is subject to these and other risks, uncertainties and
assumptions relating to our operations, results of operations,
growth strategy and liquidity. We assume no obligation to publicly
update or revise these forward-looking statements for any reason,
or to update the reasons actual results could differ materially
from those anticipated in these forward-looking statements, even if
new information becomes available in the future.
For a discussion of these risks and uncertainties, please see
our filings with the Securities and Exchange Commission ("SEC").
Our public filings with the SEC are available from commercial
document retrieval services and at the website maintained by the
SEC at http://www.sec.gov.
Investor Contacts:
KCSA Strategic Communications
Philip Carlson
+1 212.896.1233
pcarlson@kcsa.com
SOURCE MagneGas Corporation