MagneGas (MNGA) Fuel Selected for Use by New York Iron Workers Joint Apprentice Training Facility

October 24, 2016 8:05 AM EDT

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

MagneGas Corporation (Nasdaq: MNGA) announced that the New York Iron Workers Joint Apprentice Training Facility has added MagneGas2® to its training program for new iron workers. The fuel will be used for training purposes for new welding and metal cutting apprentices that come through the Iron Workers program. The fuel will be sourced by MagneGas New York Distributor AWISCO Corporation.

MagneGas and AWISCO partnered in a marketing effort aimed at expanding the use of MagneGas2® in the New York and New Jersey markets. MagneGas personnel demonstrated the fuel's superior metal cutting benefits with assistance from the AWISCO sales team. The demonstrations and training occurred over a period of several days and resulted in many new customers including the Iron Workers Joint Apprentice Training Facility. This facility is the leading Iron Workers training facility in the Northeast, training new welders on all aspects of welding, metal cutting and related safety. MagneGas2® fuel will now be used in this training program as the preferred alternative to acetylene.

"We at MagneGas are very excited that the Iron Workers have selected MagneGas2® for their training program. There are many alternatives to acetylene on the market today for metal cutting. To our knowledge, however, MagneGas2® is the only fuel made from a renewable source. In addition, MagneGas2® has a faster cutting speed than acetylene which we believe renders it a more productive alternative for the Iron Workers. Our partnership with AWISCO is very exciting for us as New York and New Jersey can be some of the toughest markets in the country. Their support has been invaluable in gaining us acceptance in the region and we look forward to much more success in the future," stated Ermanno Santilli, CEO of MagneGas.

The MagneGas IR App is now available for free in Apple's App Store for the iPhone and iPad and at Google Play for Android mobile devices.

To be added to the MagneGas investor email list, please email with MNGA in the subject line.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments

Add Your Comment