One of Largest Transportation Companies in the U.S. to Use MagneGasMagneGas® Fuel will be Used for Railway Repairs and Construction as a Replacement for Acetylene
MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into a gaseous fuel, announced today that one of the largest transportation companies in the United States will be using MagneGas® in its railway division for repairs and construction.
MagneGas will initially supply fuel to their California railway division as part of a larger rollout strategy to other locations in the country over the next several months. The new customer's railway division operates nationally, with 32,000 route miles and over 47,000 employees. MagneGas distributor, TriCo Welding Supplies Inc. will be sourcing the fuel through MagneGas partner Placer Power, Inc. both California based.
"Placer Power is excited to have the opportunity to be the exclusive supplier of MagneGas® for California, Oregon and Nevada," stated Chris Dupont, President of Placer Power, Inc. "MagneGas was selected due to the speed of the cut and expected increase of productivity. Railway companies in particular operate under harsh conditions, in challenging climates and the flexibility of MagneGas provides competitive advantages for this market."