MagneGas Strikes Largest Single Deal in Its History

MagneGas shares were higher 5% on Thursday after the company said it has won a nearly $2.7 million order from an unnamed German company, representing the largest single sale in its history.  MagneGas is providing its gasification and sterilization systems as well as Magnegas2 fuel and cylinders.

“The German company has indicated they will initially utilize the Gasification system to produce MagneGas2 fuel to sell into the German market with the potential of other markets coming online soon after,”MagneGas said. “The Sterilization system is expected be used for demonstrations and small service contracts with the goal of entering the agriculture and municipal wastewater treatment markets in Germany.”