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MagneGas Corp (MNGA.OQ)

MNGA.OQ on NASDAQ Stock Exchange Capital Market

1.08USD
22 Feb 2018
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Latest Key Developments (Source: Significant Developments)

MagneGas Agrees To Form New European Joint Venture For Acquisition Of Infinite Fuels, GmbH
Tuesday, 6 Feb 2018 07:30am EST 

Feb 6 (Reuters) - Magnegas Corp ::MAGNEGAS AGREES TO FORM NEW EUROPEAN JOINT VENTURE FOR THE ACQUISITION OF INFINITE FUELS, GMBH, AN EMERGING GERMAN BIOFUELS COMPANY.MAGNEGAS CORP - ‍JOINT VENTURE EXPECTED TO LAUNCH COMMERCIAL OPERATIONS LATE Q1 2018​.MAGNEGAS CORP - ‍INITIAL TRANSACTION IS EXPECTED TO BE FUNDED THROUGH A COMBINATION OF CASH ON HAND AND EQUITY IN NEW JOINT VENTURE​.MAGNEGAS - ‍ ANNOUNCED EXECUTION OF A LETTER OF INTENT TO FORM IRELAND-BASED HOLDING CO FOR ACQUIRING 100% OF INFINITE FUELS, GMBH​.MAGNEGAS CORP - ‍MAGNEGAS WILL INITIALLY OWN A 40% STAKE IN JOINT VENTURE, WITH POSSIBILITY OF INCREASING COMPANY'S EQUITY STAKE TO 70%​.MAGNEGAS CORP - ‍ REMAINING EQUITY STAKE IN JOINT VENTURE WILL BE OWNED BY CURRENT PRINCIPALS OF INFINITE FUELS​.MAGNEGAS CORP - ‍JOINT VENTURE WILL OPERATE IN TWO RENEWABLE ENERGY SEGMENTS​.MAGNEGAS CORP - ‍JOINT VENTURE ENTITY WILL HAVE OPTION TO PURCHASE UP TO SIX 300 KW GASIFICATION UNITS FROM MAGNEGAS OVER NEXT 5 YEARS​.MAGNEGAS CORP - ‍ PROJECT IS CURRENTLY PART OF A COMBINED PROJECT FINANCING APPLICATION WITH A EUROPEAN UNION GOVERNMENT BACKED AGENCY​.MAGNEGAS CORP - ‍TERMS OF FINANCING APPLICATION ARE CURRENTLY CONFIDENTIAL AT FINANCING PARTY'S REQUEST​.  Full Article

MagneGas To Acquire San Diego Based Industrial Gas And Welding Supply Business
Wednesday, 3 Jan 2018 08:00am EST 

Jan 3 (Reuters) - Magnegas Corp ::MAGNEGAS EXECUTES BINDING AGREEMENT TO ACQUIRE SAN DIEGO INDUSTRIAL GAS AND WELDING SUPPLY BUSINESS.MAGNEGAS CORP - ‍EXECUTION OF A BINDING AGREEMENT TO ACQUIRE ALL OF ASSETS OF SAN DIEGO BASED NG ENTERPRISES INC. FOR $750,000​.  Full Article

Magnegas Receives Preliminary Order For Agricultural Sterilization Unit For Deployment In Italy
Tuesday, 19 Dec 2017 07:30am EST 

Dec 19 (Reuters) - Magnegas Corp ::MAGNEGAS RECEIVES PRELIMINARY ORDER FOR AGRICULTURAL STERILIZATION UNIT FOR DEPLOYMENT IN ITALY.MAGNEGAS CORP - PRELIMINARY ORDER TO BE DELIVERED INTO SOUTHERN ITALIAN MARKET IN FIRST HALF OF 2018.  Full Article

Magnegas Corp Expects To Increase Industrial Gas Sales By About 40 pct ‍In 2017​
Thursday, 30 Nov 2017 07:30am EST 

Nov 30 (Reuters) - Magnegas Corp ::MAGNEGAS CORP - ‍IN 2017, WE EXPECT TO INCREASE OUR INDUSTRIAL GAS SALES BY APPROXIMATELY 40%​.  Full Article

Magnegas reports qtrly ‍net loss per share $0.39​
Wednesday, 15 Nov 2017 07:30am EST 

Nov 15 (Reuters) - Magnegas Corp :Magnegas provides business update for the third quarter of 2017; metal cutting fuel and welding supply revenues increases 30%.Sees FY 2017 revenue up more than 120 percent.Magnegas corp - qtrly ‍net loss per share basic and diluted $0.39​.  Full Article

MagneGas Corp says 3 largest distributors agreed to increases in MagneGas 2 purchases
Wednesday, 1 Nov 2017 08:18am EDT 

Nov 1 (Reuters) - MagneGas Corp -:MagneGas corp - ‍announced 3 largest MagneGas distributors agreed to significant increases in MagneGas2 purchases due to increased end market demand​.MagneGas -Three distributors have agreed to minimum purchases, that could represent minimum three-fold increase in sales from them beginning q4 of 2017​.  Full Article

Magnegas projects 2017 revenues to grow over 120 pct vs 2016
Monday, 30 Oct 2017 07:30am EDT 

Oct 30 (Reuters) - Magnegas Corp :Magnegas projects 2017 revenues to grow over 120% versus. 2016.Sees FY 2017 revenue up more than 120 percent.Sees FY 2017 revenue more than $7.5 million.  Full Article

Magnegas executes Letter of Intent to acquire Louisiana & Texas industrial gas distributor
Tuesday, 3 Oct 2017 07:00am EDT 

Oct 3 (Reuters) - Magnegas Corp : :Magnegas executes Letter of Intent to acquire Louisiana & Texas industrial gas distributor that generates over $1.6 million of annualized revenue.Magnegas Corp - ‍deal inculde upfront cash consideration for transaction is $2 million, plus an additional $1 million in Magnegas common stock​.Magnegas Corp - co see this as highly accretive transaction that will impact top line growth and bottom line profitability in 2018 and beyond.  Full Article

MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue
Wednesday, 27 Sep 2017 07:00am EDT 

Sept 27 (Reuters) - MagneGas Corp :MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue.MagneGas Corp - ‍upfront cash consideration for transaction is $750,000​.MagneGas Corp - ‍acquisition would represent a 28% increase in MagneGas revenues compared to company's 2016 revenues​.  Full Article

Magnegas announces LOI for $1.9 million gasification unit
Tuesday, 26 Sep 2017 07:15am EDT 

Sept 26 (Reuters) - Magnegas Corp :Magnegas announces LOI for $1.9 million gasification unit.Magnegas Corp - ‍Co also announced it plans to form a joint venture, in which it will hold a 40% minority stake​.Magnegas Corp - ‍European partnership is expected to begin commercial operations in Q4 of 2017 using leased gasification unit in Florida​.Magnegas Corp - ‍Minority stake will include commitment from European partner to purchase multiple gasification units from Magnegas in near term​.  Full Article

BRIEF-Magnegas Doubles San Diego Sales Force

* MAGNEGAS DOUBLES SAN DIEGO SALES FORCE Source text for Eikon: Further company coverage: