FinancialNewsMedia.com News Alert: After Successful Initial Rollout, Auto Manufacturer Indicates It Will Switch Second Factory to MagneGas2(R) – TAMPA, FL – (http://www.financialnewsmedia.com News Alert) – MagneGas Corporation (“MagneGas” or the “Company”) (NASDAQ: MNGA) a leading technology company that counts among its inventions a patented process that converts renewable and liquid waste into MagneGas2(R) fuel, announced today that a global auto manufacturing company based in the mid-western United States has completed the rollout of MagneGas2(R) in one factory and has begun the procurement process at a second factory. The automaker has indicated an interest in continuing expansion into other factories as part of a larger rollout program.
The Company previously announced that the auto maker chose MagneGas2(R) to be its exclusive fuel at one of its mid-western factories and to discontinue using acetylene after several successful demonstrations of the use of MagneGas2(R)for metal cutting. Since that time, the auto maker conducted extensive testing of MagneGas2(R) at one of its light truck manufacturing facilities in a nearby state and has indicated that it will also switch this factory to the fuel for metal cutting in the coming weeks.
“This automobile manufacturing company is a leader in adopting renewable and waste reducing technologies. We are excited that not only did we successfully complete the MagneGas2(R) rollout at the first factory, but they were so happy with its performance that they plan on expanding into a second location. We believe these initial purchase orders will open the door to other larger opportunities with this global customer. This relationship is just one of several marquee customers that have recently selected MagneGas2(R),” stated Ermanno Santilli, CEO of MagneGas. (Read this and other full news for MNGA at http://financialnewsmedia.com/profiles/mnga.html)
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