MagneGas Corporation has undergone rebranding and is now known as renamed MagneGas Applied Technology Solutions (MATS).
The clean technology company in the renewable resources and environmental solutions industries adopted its new name on 25th September, 2018.
The Florida-based company wanted to better “to better align MagneGas’ corporate identity with its broadened commercial approach that reflects the three commercial applications rooted in the company’s patented submerged plasma arc technology”.
Its three applications in various stages of commercialisation are synthetic gas for metal cutting industrial uses, sterilisation of agricultural waste and an emerging waste to energy application.
MATS began its rebranding along with its accelerating marketing efforts in Europe where it is applying for grants for government-backed, non-dilutive funding programmes that apply to all three commercial applications of its patented submerged plasma arc technology.
“MagneGas was formed for the express purpose of delivering innovative solutions to impact the quality of life of a vast portion of the global population,” said Ermanno Santilli, Chief Executive Officer of MagneGas.
“Our technology was born out of a dream to take common wastes, sterilize them for the improvement of the environment, and extract commercial value through sensible waste-to-energy solutions.
“Today, we now stand on the edge of strong commercialized opportunities, backed by government funding, in partnership with some of the leading research and applied science institutions in Europe. Our rebranding intends to bring science and solutions to the forefront of our brand, because that is what is driving our long-term growth in the U.S., Europe and globally in the future.”
MagneGas Corporation (MNGA) owns a patented process that converts various renewables and liquid wastes into MagneGas® fuels. These fuels can be used as an alternative to natural gas or for metal cutting.