MagneGas (MNGA) Enters $2.65M Gasification and Sterilization Systems Sales Agreement
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MagneGas Signs Letter of Intent for $2.65 Million Equipment Sale to German Company; Largest Single Sale in Company History Also Includes Expansion Opportunities
October 17, 2016 8:00 AM EDTTAMPA, FL -- (Marketwired) -- 10/17/16 -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA) (MNGA) a leading technology Company that counts among its inventions a patented process that converts renewable and waste liquids into innovative MagneGas2® fuel, a replacement for acetylene, announced today that it has entered into its largest equipment sale to date with a Letter of Intent ("LOI") to manufacture and deliver certain equipment and supplies to a company based in Germany. MagneGas will receive $2.65 million for its proprietary... More
