MAGNEGAS CORPORATION (NASDAQ:MNGA) Files An 8-K Other Events
Item 8.01
| Other Events. |
On June 13, 2017, MagneGas Corporation (the Company) issued a
press release announcing that it has been awarded a $431,874
grant from the United States Department of Agriculture (USDA).
The grant will be used to accelerate the commercialization of
MagneGas’ plasma arc Venturi sterilization system for the
treatment of pathogens and nutrients found in animal biosolid
wastes.
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
| Exhibit No. | Description |
| 99.1 |
Press Release, dated June 13, 2017, issued by MagneGas Corporation. |
About MAGNEGAS CORPORATION (NASDAQ:MNGA)
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions. The Company also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste (the Plasma Arc Flow System). Its products include the fuel called MagneGas2 for the metal working industry, the equipment primarily known in the firefighting industry, known as MagneTote, and the machines that produce MagneGas2, known as Plasma Arc Flow refineries. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales and Service, Inc. (ESSI), a Florida corporation. It distributes products through several industrial gas companies in California, Michigan, Florida, Georgia, Indiana, and Pennsylvania.