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News Breaks
August 19, 2014
08:26 EDTMNGAMagneGas to purchase gas distribution company
MagneGas announced that it has signed a Letter of Intent to purchase an established industrial gas distribution company with estimated 2014 gross revenues of approximately $2M. It also separately signed an agreement to purchase an industrial building nearby for expansion and relocation of its headquarters. MagneGas has signed a non-binding Letter of Intent to purchase a well-established local industrial gas distributor in Florida providing a platform to grow sales of MagneGas while offering a wider range of services to industrial gas customers.
News For MNGA From The Last 14 Days
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October 21, 2014
09:20 EDTMNGAMagneGas signs agreement for $5M financing in gross proceeds
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October 14, 2014
09:13 EDTMNGAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Johnson & Johnson (JNJ), up 1%... Dominos Pizza (DPZ), up 2.7%. ALSO HIGHER: Citigroup (C), up 2.5% following earnings report, announcement of plans to exit consumer businesses in 11 markets... MagneGas (MNGA), up 14% after signing Letter of Intent with Pioneer Recycling... Skyworks (SWKS), up 6% after raising its outlook for Q4. Shares of peers Avago (AVGO), NXP Semiconductors (NXPI) and RF Micro Devices (RFMD) are also moving higher in pre-market trading after Skyworks pointed to "broad-based strength" of its business in raising its outlook... Halcon Resources (HK), up 6% after upgraded at KLR Group... Quantum (QTM), up 8.8% after issuing Q2 earnings guidance. LOWER: Wells Fargo (WFC), down 1.4% after reporting in-line Q3 earnings... JPMorgan (JPM), down 1.8% after Q3 headline earnings miss... Las Vegas Sands (LVS), down 1% following downgrade at BofA Merrill Lynch.
08:02 EDTMNGAMagneGas signs Letter of Intent with Pioneer Recycling
MagneGas announced it has signed a Letter of Intent, or LOI, with Pioneer Recycling to test and treat liquid medical waste and expired pharmaceuticals. The agreement calls for Pioneer to provide initial testing of medical waste and expired pharmaceuticals. After that, the waste will be processed in a MagneGas recycler located at Pioneer's facility. Ultimately, the companies want to form a joint venture to market a comprehensive treatment solution.
October 9, 2014
09:25 EDTMNGAMagneGas fuel used in new coal emission reduction technology
MagneGas fuel is part of a pioneer patent submitted by FuturEnergy Pty, an Australian based combustion research and development company, on combusting coal emissions containing CO2 in a secondary post combustion chamber with MagneGas fuel. This patent significantly alleviates a strategic problem affecting the Coal Fired Power Industry, harmful emission and the release of vast quantizes of CO2. This new technology transforms the coal flue gas or smoke into a fuel by igniting it using MagneGas. The result of the FuturEnergy post-combustion process results in overall emission equal or better than natural gas and a reduction of up to 40% in CO2.

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