TAMPA, Florida, April 10, 2017 /PRNewswire/ --
MagneGas Corporation ("MagneGas" or the "Company") (MNGA ), a leading clean technology company in the renewable resources and environmental solutions industries, announced today that its wholly-owned subsidiary, Equipment Sales and Services, Inc. ("E.S.S.I") was selected to provide welding supplies and industrial gases for the construction of the Orlando City Soccer Stadium.
S&R Enterprises LLC, a contractor for the $155 million project, purchased their welding supplies and industrial gases from E.S.S.I. S&R was first introduced to MagneGas2® during a demonstration over a year ago at the Kennedy Space Center. Immediately after the demo, S&R chose to switch to E.S.S.I. for their purchase of MagneGas2®, hard goods and other industrial gases. The performance of MagneGas2® opened the door to E.S.S.I, establishing a relationship with S&R which has produced several opportunities inside and outside of Florida.
"This is yet another example where MagneGas2 opened the door to a large contracting opportunity. We believe our relationship with S&R would not exist if we did not have MagneGas2. We are gratified at how quickly a client chooses MagneGas as their fuel of choice, once having seen MagneGas' attributes in a live demo," said Ermanno Santilli, CEO of MagneGas Corporation.
About S&R Enterprises LLC
In March of 2003, Stephen C. Burkholder left his place of employment to create a business of his own, he took his years of experience in steel and precast construction and his devotion to safety, quality, and customer service to create S&R Enterprises, a company whose core values would be centered around these ideals. Steve chose S&R headquarters to be located in Central Pennsylvania and aimed for construction in the mid-Atlantic region, he wasn't looking to be the biggest erector in the area but he wanted S&R Enterprises to be revered as the best in safety, quality and customer service. To do this, he would employ like-minded people to help his company grow; ten years later, S&R Enterprises has expanded beyond the mid-Atlantic region to become an international construction company that can erect an array of technical structures from train stations, to conference centers, as well as utility and office buildings always striving to be the best in safety, quality, and customer service. For more information on S&R, please visit the Company's website at http://www.srenterprises.com/
About MagneGas Corporation
MagneGas® Corporation (MNGA) owns a patented process that converts various renewables and liquid wastes into MagneGas fuels. These fuels can be used as an alternative to natural gas or for metal cutting. The Company's testing has shown that its metal cutting fuel 'MagneGas2®' is faster, cleaner and more productive than other alternatives on the market. It is 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 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 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 http://www.MagneGas.com.
The Company distributes MagneGas2® through Independent Distributors in the U.S and through its wholly-owned distributor, E.S.S.I (Equipment Sales and Services, Inc). E.S.S.I has four locations in Florida and distributes MagneGas2®, industrial gases and welding supplies. For more information on E.S.S.I, please visit the company's website at http://www.weldingsupplytampa.com
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