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MagneGas Signs Distribution Agreement with Leading Industrial Gas Company to Supply FDNY and Multiple Northeast Utilities

TAMPA, Fla., Sept. 30, 2015 /PRNewswire/ -- MagneGas® Corporation ("MagneGas®" or the "Company") (MNGA) an award winning technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that the Company has signed a new gas distribution agreement with AWISCO Corp. of New York ("AWISCO"), a leading industrial gas company.

Under the terms of the agreement, AWISCO will be the exclusive supplier of MagneGas2® fuel in New York, New Jersey and Connecticut. As part of the agreement, AWISCO will be supplying the Fire Department of New York, and several major electric Utility Companies with MagneGas2® fuel. The Company had a previous relationship with AWISCO which has now been renewed and expanded to include new locations and MagneGas2® fuel.

MagneGas2® has consistently received positive feedback from end users such as first responders, utility companies and industrial facilities because of its proven faster cutting speed, its demonstrated safety attributes, its eco-friendly aspects and smaller heat affected zone. The fuel is produced in the USA, from a renewable energy source, as opposed to acetylene which is made from calcium carbide imported primarily from China and other countries. The reduced heat affected zone as compared to acetylene means the potential for less impact on human life in the vicinity of a cut during extractions. In addition, MagneGas2® is lighter than air, so the fuel dissipates in the event of a leak making it safer for use in already dangerous circumstances. These benefits are critical for the first responder and military markets.

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