Magnegas Corporation has announced the signing of an agreement with Holston Gases of Tennessee, US in which Holston will now be distributing the MagneGas2® fuel for metal cutting applications as an alternative to acetylene.
MagneGas has been working with Holston for almost one year, with multiple meetings and demonstrations completed as part of the Holston due diligence process.
Now this relationship has been firmed up with a distribution agreement that sees the MagneGas2 fuel take another step forward in the market.
”We identified Holston as a key potential distributor for the southeast and have been diligently pursuing the relationship ever since. We are honoured that Holston, after significant due diligence, selected MagneGas2. They are one of the largest independent industrial gas distributors in the country and present a significant opportunity for MagneGas as we continue to execute on our strategy to grow our industrial gas segment through these kind of marquee relationships,” stated Ermanno Santilli, CEO of MagneGas.
”We identified Holston as a key potential distributor for the southeast and have been diligently pursuing the relationship ever since”
Ermanno Santilli, CEO of MagneGas.
In an exclusive last week, MagneGas told gasworld about its view for the future of its innovative alternative fuel, having entered into its largest equipment sale to date with a German-based company, as well as numerous other agreements with the US Army, the Fire department of New York, and one of the largest auto manufacturers in the world.
This latest agreement with Holston signifies yet another success which demonstrates the company’s progress in the market.