MAGNEGAS CORPORATION (NASDAQ:MNGA) Files An 8-K Other Events
Item 8.01
| Other Events. |
On May 22, 2017, the Company issued a press release regarding an
update on its Florida expansion success.
On May 24, 2017, the Company issued a press release regarding the
use of a new feedstock that increases production rates and
reduces costs.
A copy of the press releases are attached hereto as Exhibits 99.1
and 99.2, respectively and are incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
| Exhibit No. | Description |
| 99.1 |
Press Release titled MagneGas Updates Florida Expansion Success dated May 22, 2017. |
| 99.2 |
Press Release titled MagneGas Announces New Feedstock Improvements Resulting in Approximately a 60% Production Rate Increase and Cost Reduction of Approximately 49% dated May 24, 2017. |
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. MAGNEGAS CORPORATION (NASDAQ:MNGA) Recent Trading Information
MAGNEGAS CORPORATION (NASDAQ:MNGA) closed its last trading session down -0.38 at 1.82 with 1,244,445 shares trading hands.
