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MagneGas expands distribution and supply options with Florida footprint

Last updated: 23:49 11 Apr 2016 AEST, First published: 18:49 11 Apr 2016 AEST

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MagneGas is a greener, safer alternative to acetylene

MagneGas Corporation (NASDAQ:MNGA) has signed an agreement to lease a building in central Florida to expand its gas distribution footprint.

The company, which owns a patented process to convert liquid waste into MagneGas fuel, says the new office will expand its distribution network as well as open more supply opportunities from industrial gas and welding supplies.

The new location will expand MagneGas2 distribution into central Florida from Orlando to Cape Canaveral, the company said.

In addition, this location will service the previously announced sub-contractor project at NASA. 

Ermanno Santilli, chief executive, of said: “This is just one more step in our strategy to expand MagneGas2 sales and geographical footprint.

“Through this new location, we will be in a position to service customers previously not available to us.

“Some existing customers are now being serviced from our other locations, so this expansion will include more efficient delivery methods for those sales.”

 

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