MagneGas (MNGA) Says MagneGas2 Chosen by Large Recycling and Waste Disposal Company

September 12, 2016 8:29 AM EDT

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.

MagneGas Corporation (Nasdaq: MNGA) announced today that its innovative industrial gas MagneGas2® will be used by one of the nation's largest recycling and waste disposal companies.

The waste company indicated it will use MagneGas2® for maintenance and repair of the company's fleet of trucks, its dumpsters and related machinery. The fuel will initially be used in six locations in one state, but the company has indicated plans to expand into eight more neighboring states in the region in the coming months.

Ermanno Santilli, CEO of MagneGas Corporation stated: "This company is well known, even to people who are not in the waste disposal and recycling business. Our existing distributor in the region will be providing the fuel through our ongoing support and training. We envision it growing to many more sites nationally and across the waste disposal and recycling sector. Our hope is to become the industry standard."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments

Add Your Comment