MagneGas Expands Its Reach Through New Michigan Partnership
TAMPA, Fla. (WWJ) – MagneGas Corp. (Nasdaq: MNGA) announced that Jackson-based AccuGas LLC has signed on as a distributor, selling MagneGas fuel in southern Michigan.
MagneGas has developed a technology that converts liquid industrial wastes into a hydrogen-based fuel that can be used in place of acetylene for metalworking.
MagneGas said the agreement with AccuGas is part of a broader MagneGas strategy to focus on selling fuel through independent regional distributors.
“Our partnership with AccuGas allows MagneGas to effectively and efficiently penetrate the Southern Michigan market,” said Bryan George, senior vice president of sales and distributor relations for MagneGas. “We are excited about the growth prospects with AccuGas, and look forward to a long and prosperous relationship.”
Added Mark Poupard, owner of AccuGas: “It is always our goal to provide our present and new customers the opportunity to evaluate and use products that will enhance their gas cutting and heating operations. We feel that with our newly created alliance with MagneGas, we can provide customers a product that offers not only a highly efficient process, but achieves their goals with creating a greener, cost-effective method. This product is something truly rare that can meet all that criteria. It has been a real pleasure and we welcome our alliance to demonstrate a truly exciting product in our market area that fits so many of our customer needs.”
Founded in 2007, Tampa-based MagneGas has a patented process called Plasma Arc Flow that gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas. MagneGas can be used for metalworking, cooking, heating, powering bi-fuel automobiles and more. For more information on MagneGas, please visit the Company’s website at http://www.magnegas.com.
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