MagneGas System Successfully Initiates Operation in Central AsiaMagneGas® Corporation ("MagneGas®" or the "Company") (NASDAQ: MNGA) a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that its customer in Kazakhstan, Astana TechCom ('Astana") has successfully initiated operation and production of MagneGas fuel. The fuel produced will be marketed for metal cutting and used by a local university for research.
Astana purchased a Plasma Arc Flow gasification system in 2014, custom built to produce fuel for metal cutting and demonstration of the MagneGas Technology to local energy industries, medical facilities and universities. Astana intends to market the systems and fuel to local customers. All equipment sales will be custom built and sourced from MagneGas in the U.S. and shipped to Kazakhstan as ordered.
"We are pleased to announce that Astana has initiated operation in Central Asia. We intend to sell the fuel produced from the system for metal cutting. In addition, our local university has expressed an interest in studying the unique properties of the fuel for advanced applications. This small and mobile system is an ideal marketing tool for a wide distribution of MagneGas products throughout Central Asia," stated Dr. Ascar Aringazin, University Professor and Director of Astana TechCom.