U.S. Army Base to Use MagneGas® FuelU.S. Army Fire-Rescue Contractor Joins U.S. Navy in Officially Using MagneGas2® Fuel as Replacement to 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 MagneGas2® fuel, announced today that it has received an order to supply MagneGas2® fuel and MagneTote™ first responder backpack kits to a U.S. Army contractor for official use on a U.S. Army base for fire-rescue needs as a replacement to acetylene. The Company estimates that the U.S. Army spends several million dollars per year on acetylene and related products and this initial order could signal an opportunity for the Company to generate additional revenue from this market segment. The U.S. Army fire-rescue contractor will use the fuel on base, as well as in the local community as a replacement to acetylene.
As part of its overall strategy to grow fuel sales, MagneGas has identified the U.S. Military, fire departments, first responder units and industrial plants as ideal customers for the use of its gas due to the speed of the MagneGas2® cut, its proven safety features, its eco-friendly aspects and smaller heat affected zone. The fuel is produced in the USA, from a renewable energy source, as opposed to acetylene which is made from calcium carbide which is mostly imported from China and other countries. The reduced heat affected zone as compared to acetylene means the potential for less impact on human life in the vicinity of a cut during extractions. In addition, MagneGas2® is lighter than air, so the fuel dissipates in the event of a leak making it safer for use in already dangerous circumstances. These benefits are critical for the first responder and military markets.
"We are continuing our strategy to penetrate military opportunities and the Department of Defense overall as they represent a huge upside for the business on a global scale. The Company designed the MagneTote™ backpacks to be used with MagneGas2® during a fire or emergency response situation and these will be used by first responders or those in the military that need quick access to a cutting fuel for emergency situations. We at MagneGas are excited at the opportunity to serve these American heroes and are pleased with our increased partnership with the U.S. Armed Forces," stated Ermanno Santilli, CEO MagneGas Corporation.