MagneGas JV Partner Selected as Sub-Contractor in $100M NASA Build-Out, Selects MagneGas2 for Project

MagneGas Corporation (NASDAQ MNGA) announced today that a joint venture partner of the Company, Suwannee Ironworks, Inc. ("Suwannee") was hired by a lead sub-contractor on the NASA project for a major Kennedy Space Center build-out project. The project is part of a two year $100 Million plan to modify the Vehicle Assembly Building for the Space Launch System.  Suwannee will become the second sub-contractor in the project to use MagneGas2® as their fuel of choice. Suwannee was hired to handle fabrication products and repairs. It will purchase 100% of its supplies from ESSI of North Florida. ESSI is an industrial supplier of gases and safety supplies and a subsidiary of MagneGas Corporation.  With this contract, Suwannee became the second contractor in the project that has chosen to make MagneGas2® its fuel of choice for its role in the $100 Million project. MagneGas had previously disclosed, in a December 17, 2015 press release, that S&R Enterprises LLC, a lead sub-contractor for the See full press release