TAMPA, Florida, July 26, 2016 /PRNewswire/ --
MagneGas Corporation ("MagneGas" or the "Company") (MNGA) a leading technology company that counts among its inventions a patented process that converts renewable and waste liquids into MagneGas2® fuel, announced today that the Company has become an authorized distributor for Global Calibration Gasses (GCG). Global Calibration Gases, LLC is a premier supplier of calibration gases and custom specialty gas mixtures based in Florida. The calibration gases will be distributed through the Company's wholly owned gas and welding supply distributor, ESSI, Inc.
This distributorship will now allow the Company to expand its revenue potential by providing customers with GCG's calibration gases and custom specialty gas mixtures. Through ESSI, the Company has developed relationships with major clients in the technical rescue, auto manufacturing and utility markets. Now those clients can buy both MagneGas2® and these specialty gases from one source via ESSI.
Ermanno Santilli, CEO of MagneGas Corporation stated, "Because we have been steadily building a sizeable distribution network based upon our sales of MagneGas products, the addition of Global Calibration's superb line of calibration gases and custom specialty gas mixtures, is a natural fit and allows our larger customers to get all their needs from one supplier, increasing our usefulness to them and creating larger revenues from our existing distribution channel."
About Global Calibration Gasses, LLC
Global Calibration Gases, LLC is a premier supplier of calibration gases and custom specialty gas mixtures. The industries they serve include chemicals and pharmaceuticals, petrochemicals, natural gas, and petroleum refineries, medical diagnostics and research labs, and air quality monitoring. They specialize in multi-component hydrocarbon mixtures, low ppm and ppb volatile organic compound mixtures, and a complete line of EPA Protocol gases and NIST Traceable gas mixtures.
Global Calibration Gases LLC was founded in March of 2009 and has become a premier manufacturer of precision specialty gas mixtures to independent distributors of industrial, medical, and specialty gases in the US and worldwide. From its 10,000 plus square foot production and laboratory facility in Sarasota, FL a complete line of certified gas mixtures are made serving various industries including; pharmaceuticals, petrochemicals, agricultural chemicals, petroleum refineries, natural gas, energy, medical, aerospace, semiconductor, fiber optics, air and water quality, and a wide variety of research facilities. The most prominent of their core competencies is in the manufacture of NIST Traceable calibration gas standards in accordance with the latest EPA Traceability Protocol for Assay and Certification of Gaseous Calibration Standards. Its state-of-the-art analytical laboratory is ISO 17025:2005 accredited for calibration and testing (Certificate #69191) and its scope of proficiency is specifically related to the EPA Protocol. For more information on Global Calibration Gasses, LLC, please visit the Company's website at http://globalcalibrationgases.com.
About MagneGas Corporation
MagneGas® Corporation (MNGA). The Company owns a patented process that converts various renewable and waste liquids into hydrogen based fuels. These fuels can be used as a replacement to natural gas or for metal cutting. The Company's testing has shown the fuels are faster, cleaner and more productive than other alternatives on the market. They are also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.
The MagneGas2®fuel production systems can be set-up locally using various types of feedstock. The Company believes this flexibility can give them an advantage as fuels can be manufactured on site from raw materials found locally and eliminates the time and expense of shipping to the specific end user location. The Company is planning to sell the equipment or establish joint ventures with third parties to construct these supply facilities.
The Company 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 MagneGas2® 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 http://www.MagneGas.com.
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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 virgin vegetable oil to produce fuel while it configures its systems to properly process waste within local regulatory requirements.
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.
KCSA Strategic Communications
SOURCE MagneGas Corporation