TAMPA, Fla., Dec. 20, 2012 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that the Company has entered into an agreement with Allied Recycling to provide MagneGas ™ fuel for metal cutting. MagneGas will ship the fuel from its Tarpon Springs, Florida headquarters to Allied Recycling's six facilities across the state of Florida.
"We have been very impressed with the overall effectiveness of MagneGas ™," commented Todd Adamson, Vice President of Allied Recycling. "When we began using the fuel, we saw the immediate impact it had as MagneGas ™ burned hotter than what we have been currently using and allowed for us to make faster cuts. Coupled with the overall savings we will incur, it was an easy decision for us to begin using MagneGas ™."
"Our continued execution of our growth strategy help to provide this nice customer win for MagneGas as Allied Recycling helps to increase our sales footprint in the state of Florida," stated Ermanno Santilli, Chief Executive Officer of MagneGas. "We are looking forward to a successful business relationship with Allied Recycling and are confident MagneGas will be the solution to their metal cutting needs."
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