Tampa (FL) – MagneGas® Corporation (“MagneGas” or the “Company”) (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today the launch of the MagneTote™ family of cutting systems.
Using input from actual end users including the New York City Fire Department (FDNY) along with the Clearwater and Dunedin, FL Fire Departments, MagneGas has developed two “emergency extraction” packages. The first is the MagneTote™ which is a lightweight aluminum cage designed to securely hold two portable aluminum cylinders containing oxygen and MagneGas®. It also comes with a detachable torch, hose and extra tips. The second emergency extraction package is designed to be worn as a backpack holding all of the same equipment. The cage can unclasp and open for immediate access to the hose and torch, which allows for speedy setup and easy use. These compact and portable systems provide the user with up to an hour of life saving cutting time.
According to customer feedback, positive attention about the MagneTote™ is spreading beyond fire and rescue services to other customers that value safety, portability, and the cutting power of MagneGas®. In addition, the Company believes that the capability to operate in harsh, mobile, or dangerous environments also opens up the opportunity for military applications opportunities which are being targeted.
“The MagneTote™ system was born out of close cooperation with fire and rescue services such as the FDNY and Clearwater Fire & Rescue service who needed the power of MagneGas in a secure package weighing less than 50 pounds. We are very pleased with this product and the customer feedback,” stated Terry Vernille, Senior Vice President, MagneGas Corp.
“Leveraging the inherent stability of MagneGas® cutting fuel with the MagneTote™ plays to our strengths by offering a safe and compact cutting system ideal for deployment into harsh environments where a customer would never dream of taking an inherently unstable cutting fuel such as acetylene,” commented Ermanno Santilli, CEO, MagneGas Corp.
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About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene. It is also selling equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company’s website at www.MagneGas.com.
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