MagneGas Corporation Signs Purchase Deal with Clear Sky Energy

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.

To view the whole press release, click here.