Projects Involve Both Public and Private Sector Reconstructions And Infrastructure Maintenance; Hotels, Bridges And A U.S. Military Facility Included - TAMPA, Florida, - (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 MagneGas2 fuel, announced today that its cutting fuel has again been selected by industry experts as the fuel of choice for five major demolition projects in Florida. MagneGas2 fuel is being used for the steel cutting portion of the projects which involve two separate demolition companies. The projects are both long and short term and in various stages of work in progress, with various amounts of steel cutting required.
The five demolition and reconstruction projects range in scope from hotels, resorts and other structures to roadways & bridges, and cover both the private, public and military sectors. Along with the previously announced Pier demolition in St. Petersburg, MagneGas2 is now being used in 6 of the top 10 demolition projects in the Central Florida area, based on Company estimates.
MagneGas2 has increasingly and consistently received positive feedback not only from end users such as demolition companies, but also from utility companies, industrial & military facilities due to its proven faster cutting speed and smaller heat affected zone, demonstrated safety attributes and its eco-friendly aspects. The fuel is produced in the USA as opposed to acetylene which is made from calcium carbide imported primarily from China and other countries. The increased cutting speed translates into the potential of increased productivity and lower costs for end users.
\"This is yet another instance where the companies involved in major projects have asked for MagneGas specifically as the fuel of choice. Feedback is that MagneGas adds dollars to their bottom line, due to the speed of the cut, increased productivity, less fuel required and results in a quicker, less costly completion date,\" commented Ermanno Santilli, CEO of MagneGas Corporation.
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$MNGA News - MagneGas Selected for 5 Major Florida Demolition Projects
October 27, 2015 at 08:31 AM EDT
