MNGA

New Research Released on MagneGas Corp. $MNGA

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An Executive Informational Overview (EIO) is now available on an alternative energy company, MagneGas Corp. (MNGA-NASDAQ). The EIO is a 68-page report detailing MagneGas' business strategy, products, market opportunities, competition, financials, risks, and more. It is available for download below.

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Snapshot of MagneGas

MagneGas Corp. (or “the Company”) has developed and commercialized a patented plasma arc technology platform, Plasma Arc Flow®, that converts certain renewables and liquid wastes into hydrogen-based fuels. Using its novel technology, MagneGas is bringing a new, clean-burning fuel to the metal cutting market as a faster and safer replacement to acetylene. The Company’s tests have shown that use of its MagneGas2® fuel results in significant advantages in flame temperature, cutting speed, safety, environmental impact, and costs, when compared to alternatives such as acetylene. MagneGas’ market strategy entails three key sales channels: (1) a distribution network, both independent and wholly owned; (2) equipment sales with technology licensing; and (3) special markets, such as military and first responders. The Company has cultivated a list of customers and partners that include the U.S. military, several fire departments (including in New York City), several of the largest utilities in the U.S., and one of the world’s largest auto manufacturers. In addition, MagneGas’ fuel is in use in multiple high-profile construction projects, including NASA’s Kennedy Space Center build-out and two major amusement parks in Florida. MagneGas is also developing its technology for use in the wastewater treatment market, where the Company has created equipment to sterilize bio-contaminated liquid waste, and the electric and power utility sector, where the Company is capitalizing on the high flame temperature of MagneGas™ fuels for the co-combustion of hydrocarbon fuels, such as coal, resulting in enhanced combustion efficiency and a reduction in harmful hydrocarbon emissions.

5 Key Points of MagneGas' Business

MagneGas offers many potential competitive advantages in alternative energy markets. Visit our full Key Points page on the Company here to learn more.

  • To the Company’s knowledge, MagneGas2® is the only renewable gas fuel produced entirely in the U.S. and the only renewable metal cutting gas in the world.

  • MagneGas has focused on independent verification of its technology and product claims. Such tests have demonstrated that MagneGas2® displays a top flame temperature in the 10,500°F range (higher than any other industrial gas).

  • Independent tests have further shown a significant advantage for MagneGas2® in terms of cutting speed and oxygen consumption over both acetylene and propane, with MagneGas2® cutting 2-inch steel 38% faster than acetylene and 44% faster than propane.

  • MagneGas’ first equipment sale and licensing agreement was announced in November 2015, when the Company agreed to sell a $775,000 plasma arc gasification system to Green Arc Supply, LLC, a Louisiana-based gas distributor. Construction of the system was completed in September 2016, and it is expected to be delivered in the fourth quarter 2016.

  • As of June 30, 2016, the Company reported cash and cash equivalents of approximately $3.8 million.

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for the latest research on MagneGas Corp.
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