It has been a busy week at MagneGas (NASDAQ:MNGA). This morning, the company said that one a southeastern US cement company with over 300 ready mix plants and 2,000 mixers has placed its first order for the company’s unique MagneGas(R) fuel to replace acetylene after verifying its performance for use in plant repairs.
The order comes just days after the Tampa, Florida, based company announced a deal to supply MagneGas(R) fuel to large transportation company in California.
The cement company has locations throughout the Southeastern U.S., the Caribbean, and South America and anticipates rolling-out to multiple additional locations in the coming weeks.
MagneGas contracted Operator LLC, an independent company run by former Military Operations Special Forces, who worked with local police and fire officials to shoot 50 caliber incendiary rounds into a cylinder of Acetylene and a cylinder of MagneGas2(R).
As expected, the acetylene cylinder erupted into flames and burned for over 10 minutes emitting a black soot while the MagneGas2(R) cylinder was vented with no ignition even though it too was pierced with an incendiary round.
While very common, acetylene is chemically unstable and can be dangerous because it is heavier than air, which means that if it escapes into the atmosphere, it does not dissipate rapidly, settling and accumulating near ground level.
MagneGas2(R) has been independently tested to be a stable compressed gas and has lighter than air characteristics making it safer than acetylene.
"Following months of planning and safety reviews with Scott Neil at Operator LLC, a former Special Operations Forces, along with other subject matter experts back in early April, MagneGas completed a gas stability test with dramatic results," commented MagneGas’s CEO, Ermanno Santilli.
The video can be viewed at the following link:
MagneGas, which has a proprietary technology that converts liquid waste into hydrogen-based fuel, said it believes the fire-rescue market is an ideal end-user of its special fuel as a replacement to acetylene because it is much cleaner and faster.
Shares of MagneGas surged 31.5 percent yesterday, closing at US$0.84