MagneGas fuel to be distributed by Harris Industrial Gases


(MENAFN- ProactiveInvestors)

MagneGas (NASDAQ:MNGA) which has a patented process to convert liquid waste into a fuel said Harris Industrial Gases is to distribute its product for metal cutting.

Harris has multiple locations throughout California and  Nevada and has received its first order in Nevada from a demolition company.  Harris anticipates placing additional orders in the coming weeks.

MagneGas chief executive Ermanno Santilli told investors: "MagneGas2 has proven to be one of the very few differentiators in an industry where commodity gases are sold.

"As notoriety of our gas increases MagneGas2 will continue to attract industrial gas distributors who have seen firsthand that our product will help them achieve their own aggressive growth strategies.

"We are happy to welcome Harris to the growing MagneGas family of distributors."

"We have worked extensively with MagneGas2 and are impressed by its cutting speed and pre-heat time" added Harris operations manager Aaron Haupt.

Last week MagneGas revealed it had more than tripled its revenue in the second quarter of 2015.

The Florida based company posted revenues of US$584445 in the quarter ending June 30 2015 or 228% higher year over year from US$178330. Revenues also increased 7% over the previous quarter ending on March 31 2015.


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