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MagneGas Corporation Signs Purchase Deal with Clear Sky Energy
Apr. 02, 2013 10:51AM PST
Resource Investing
MagneGas Corporation (NASDAQ:MNGA) announced that they signed an agreement for the purchase of a gasification system for an aggregate purchase price of $2.7 million plus 5% royalties with Clear Sky Energy.
As quoted in the press release:
MagneGas Corporation (NASDAQ:MNGA) announced that they signed an agreement for the purchase of a gasification system for an aggregate purchase price of $2.7 million plus 5% royalties with Clear Sky Energy.
As quoted in the press release:
In addition, CSE will be an exclusive distributor for MagneGas products and services in Mexico.
MagneGas’ President and CEO, Ermanno Santilli, said:
We were amazed by the access to markets CSE has in Mexico. The recent demonstration to potential CSE customers was well managed and tremendously convincing.