Harris Gas with Locations in Nevada and California to Distribute MagneGas2®, Initial Order for Demolition Project Filled
TAMPA, Fla., Aug. 18, 2015 -- MagneGas® Corporation ("MagneGas®" or the "Company") (MNGA) a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that Harris Industrial Gases ("Harris") will begin distributing MagneGas2® for metal cutting.
Harris will be supplying MagneGas2® fuel in Northern Nevada. They will source their fuel from MagneGas partner Placer Power, LLC of California. Harris has multiple locations throughout Northern California and recently Northern Nevada, and has received their first order in Northern Nevada from a demolition company. Harris anticipates placing additional orders in the coming weeks.
"We have worked extensively with MagneGas2 and are impressed by its cutting speed and pre-heat time. We are excited to distribute MagneGas2 and see it as a game changer -- a door opener for business expansion. The green factor is also important to us; we enjoy knowing we are part of something environmentally friendly and sustainable. The added safety benefits of MagneGas2 will win over end users and potential new customers," commented Aaron Haupt, Operations Manager for Harris.
"MagneGas2 has proven to be one of the very few differentiators in an industry where commodity gases are sold. As notoriety of our gas increases, MagneGas2 will continue to attract industrial gas distributors who have seen firsthand that our product will help them achieve their own aggressive growth strategies. We are happy to welcome Harris to the growing MagneGas family of distributors," stated Ermanno Santilli, CEO of MagneGas Corporation.
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Harris Industrial Gases is the only 4th-generation, family-owned full-line supplier of industrial, medical and specialty gases, as well as steel, in the Greater Sacramento area. Our Auburn facility boasts a complete fabrication shop. Our dedicated staff has consistently provided the excellent customer service that has seen this company through eight decades of exceeding our customers' expectations.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas® Corporation (NASDAQ: MNGA) is a technology company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene. It 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 www.MagneGas.com.
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. The Company is currently using new ethylene glycol to produce fuel until proper permits to process used liquid waste have been obtained.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. 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.
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