$MNGA news>U.S. Army Base to Use MagneGas(R) Fuel
14 minutes ago - DJNF
U.S. Army Fire-Rescue Contractor Joins U.S. Navy in Officially Using MagneGas2(R) Fuel as Replacement to Acetylene
TAMPA, Fla., Oct. 6, 2015 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company"
(NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2(R) fuel, announced today that it has received an order to supply MagneGas2(R) fuel and MagneTote(TM) first responder backpack kits to a U.S. Army contractor for official use on a U.S. Army base for fire-rescue needs as a replacement to acetylene. The Company estimates that the U.S. Army spends several million dollars per year on acetylene and related products and this initial order could signal an opportunity for the Company to generate additional revenue from this market segment. The U.S. Army fire-rescue contractor will use the fuel on base, as well as in the local community as a replacement to acetylene.
As part of its overall strategy to grow fuel sales, MagneGas has identified the U.S. Military, fire departments, first responder units and industrial plants as ideal customers for the use of its gas due to the speed of the MagneGas2(R) cut, its proven safety features, its eco-friendly aspects and smaller heat affected zone. The fuel is produced in the USA, from a renewable energy source, as opposed to acetylene which is made from calcium carbide which is mostly imported from China and other countries. The reduced heat affected zone as compared to acetylene means the potential for less impact on human life in the vicinity of a cut during extractions. In addition, MagneGas2(R) is lighter than air, so the fuel dissipates in the event of a leak making it safer for use in already dangerous circumstances. These benefits are critical for the first responder and military markets.
"We are continuing our strategy to penetrate military opportunities and the Department of Defense overall as they represent a huge upside for the business on a global scale. The Company designed the MagneTote(TM) backpacks to be used with MagneGas2(R) during a fire or emergency response situation and these will be used by first responders or those in the military that need quick access to a cutting fuel for emergency situations. We at MagneGas are excited at the opportunity to serve these American heroes and are pleased with our increased partnership with the U.S. Armed Forces," stated Ermanno Santilli, CEO MagneGas Corporation.
The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for Android mobile devices.
To be added to the MagneGas investor email list, please email pcarlson@kcsa.com with MNGA in the subject line.
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. 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-army-base-to-use-magnegas-fuel-300154719.html
SOURCE MagneGas Corporation
/Web site: http://www.magnegas.com
(END) Dow Jones Newswires
October 06, 2015 08:00 ET (12:00 GMT)
14 minutes ago - DJNF
U.S. Army Fire-Rescue Contractor Joins U.S. Navy in Officially Using MagneGas2(R) Fuel as Replacement to Acetylene
TAMPA, Fla., Oct. 6, 2015 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company"
(NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2(R) fuel, announced today that it has received an order to supply MagneGas2(R) fuel and MagneTote(TM) first responder backpack kits to a U.S. Army contractor for official use on a U.S. Army base for fire-rescue needs as a replacement to acetylene. The Company estimates that the U.S. Army spends several million dollars per year on acetylene and related products and this initial order could signal an opportunity for the Company to generate additional revenue from this market segment. The U.S. Army fire-rescue contractor will use the fuel on base, as well as in the local community as a replacement to acetylene. As part of its overall strategy to grow fuel sales, MagneGas has identified the U.S. Military, fire departments, first responder units and industrial plants as ideal customers for the use of its gas due to the speed of the MagneGas2(R) cut, its proven safety features, its eco-friendly aspects and smaller heat affected zone. The fuel is produced in the USA, from a renewable energy source, as opposed to acetylene which is made from calcium carbide which is mostly imported from China and other countries. The reduced heat affected zone as compared to acetylene means the potential for less impact on human life in the vicinity of a cut during extractions. In addition, MagneGas2(R) is lighter than air, so the fuel dissipates in the event of a leak making it safer for use in already dangerous circumstances. These benefits are critical for the first responder and military markets.
"We are continuing our strategy to penetrate military opportunities and the Department of Defense overall as they represent a huge upside for the business on a global scale. The Company designed the MagneTote(TM) backpacks to be used with MagneGas2(R) during a fire or emergency response situation and these will be used by first responders or those in the military that need quick access to a cutting fuel for emergency situations. We at MagneGas are excited at the opportunity to serve these American heroes and are pleased with our increased partnership with the U.S. Armed Forces," stated Ermanno Santilli, CEO MagneGas Corporation.
The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for Android mobile devices.
To be added to the MagneGas investor email list, please email pcarlson@kcsa.com with MNGA in the subject line.
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. 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-army-base-to-use-magnegas-fuel-300154719.html
SOURCE MagneGas Corporation
/Web site: http://www.magnegas.com
(END) Dow Jones Newswires
October 06, 2015 08:00 ET (12:00 GMT)
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NASDAQ DIP and RIP
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Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
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NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
