MagneGas® Fuel will be Used for Railway Repairs and Construction as a Replacement for Acetylene
TAMPA, Fla., - (http://www.financialnewsmedia.com News Alert) - MagneGas Corporation (NASDAQ: MNGA) ("MagneGas" or the "Company"), a leading technology company that counts among its inventions a patented process that converts liquid waste into a gaseous fuel, announced today that one of the largest transportation companies in the United States will be using MagneGas in its railway division for repairs and construction. MagneGas will initially supply fuel to their California railway division as part of a larger rollout strategy to other locations in the country over the next several months. The new customer's railway division operates nationally, with 32,000 route miles and over 47,000 employees. MagneGas distributor, TriCo Welding Supplies Inc. will be sourcing the fuel through MagneGas partner Placer Power, Inc. both California based.
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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 is also selling 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.
About TriCo Welding, Inc.
TriCo Welding, Inc.is a fully service welding and gas supply Company based in California. The owners of TriCo are Leroy Paulucci, Robert (Bob) Baker and Joseph (Joe) Knieriem. They have over 86 years of combined experience in the welding supply industry. The TriCo partnership has been serving customers in the greater Sacramento, Yuba City and Yolo County area for over 16 years.
About Placer Power, Inc.
Placer Power is a partner of MagneGas as their supplier to the California, Nevada, and Southern Oregon metal cutting and welding industry. Their goal is to be a product resource for distributors, and an information and training resource for metal cutting and welding companies.
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SOURCE MagneGas Corporation
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