Dec. 2, 2013
/PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based fuel, announced today that Scrappy Thomas Inc. of
has concluded their analysis using MagneGas for metal cutting as compared to propane. Scrappy Thomas has been a customer since March of 2012 and has confirmed an increase in productivity and reduction in cost using the MagneGas product. This analysis is an important validation for MagneGas of the real value proposition of the product as it was conducted by an independent customer using a true industrial application over an extended period of time.
"MagneGas has been marketing the value proposition of the product based on its own internal analysis for months," stated
, CEO of MagneGas. "We are excited about the results coming from an actual customer in the field who wanted to see if what we preach is in fact real. Having a product champion in an independent customer speaks volumes regarding the true value of our fuel."
"Anybody can make a new product sound great but until you use it for yourself it is not proven," stated
, Account Manager for Scrappy Thomas Inc. "Switching to MagneGas has saved Scrappy Thomas 25-30% overall in cost reductions with increased production. Our liquid Oxygen usage decreased 55% and our propane usage has decreased approximately 80% since using MagneGas. These figures would be higher if all my cutters used MagneGas solely."
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About Scrappy Thomas Inc.
Scrappy Thomas was formed in 1974 by A.J "Scrappy" Thomas and his son-in-law,
had been in the scrap business for over 50 years, and their company name is based on his nickname. He acquired the nickname "Scrappy" from one of his best clients. As
came on the job site to pick up scrap with his straight boom truck, they would call out, "Here comes Scrappy!" Over time he was eventually just known as "Scrappy". Through the years many have called themselves "Scrappy" in an attempt to cash in on the name and reputation of
. However, there is only one true "Scrappy", and we are proud to have this as our company name.
About MagneGas Corporation
Founded in 2007,
-based MagneGas Corporation (NASDAQ: MNGA) is the producer of MagneGas™, a natural gas alternative and metal working fuel that can be made from certain industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.
The Company's patented Plasma Arc Flow™ process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas. MagneGas can be used for metal working, cooking, heating, powering bi-fuel automobiles and more. For more information on MagneGas, please visit the Company's website at