Niche Markets For Conversion of Liquid Gas to Eco-Friendly Hydrogen Based Fuels Designed For Commercial, Industrial & Utility Applications Driving Expansion Opportunities
January 12, 2016 at 08:30 AM EST
CORAL SPRINGS, Florida, January 12, 2016 /PRNewswire/ --
Increased productivity for hydrogen based fuel uses lead to opportunities for driving expansion projects as focus for safety attributes and eco-friendly applications become less costly. Specialty Gases & Diversified Chemical stocks with recent financial earnings news and achievements in focus are MagneGas Corporation (NASDAQ: MNGA), Air Products and Chemicals, Inc. (NASDAQ: APD), Airgas, Inc. (NYSE: ARG), Praxair, Inc. (NYSE: PX) and UGI Corporation (NYSE:UGI)
MagneGas Corporation (NASDAQ: MNGA) a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2® fuel, announced today that a major utility company that has been using MagneGas2® fuel for metal cutting, is expanding use of the fuel into multiple locations. As one of the largest electric holding companies in the United States, safety and productivity are of paramount importance. The utility has been undergoing a training and rollout program with MagneGas2® for several months at one facility and now wishes to expand the use of MagneGas2® into another two facilities. The second facility has placed their initial order and the third facility plans to begin the use of MagneGas in the next 90 days as supply is available.
Read the full MagneGas (MNGA) Press Release at http://www.financialnewsmedia.com/profiles/mnga.html
This utility company, as is required in the industry, each year shuts down its facility and replaces, repairs and/or refurbishes much of its steel and other parts made from various metals. In addition to its increased cutting speed and its ecofriendly attributes, MagneGas 2® has proven itself to be an efficient and cost saving way for this utility to limit the amount of down time required. "MagneGas continues to execute on its strategy of laying the ground work for future growth by establishing relationships with large marquee customers. As we bring additional MagneGas fuel production facilities online, we anticipate the opportunity to further expand, as most of our marquee customers have multiple locations. We hear time and again that we are the fastest product on the market. This is just another of many examples that validate our performance," stated Ermanno Santilli, CEO of MagneGas Corporation.
In recent announcements of financial results reporting in the gases/specialty chemicals sectors: Air Products (NYSE: APD) will release its fiscal 2016 first quarter financial results on Friday, January 29, 2016 before the stock market opens and will review these results later that day in a teleconference at 10:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast. Live teleconference: 913-312-1411 - Passcode: 8688406 - Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations website.
Airgas, Inc. (NYSE: ARG), one of the nation's leading suppliers of industrial, medical, and specialty gases, and related products, also announced that it will release its fiscal 2016 third quarter earnings before the market opens on Thursday, January 28, 2016. In light of the recent announcement regarding the merger with Air Liquide, Airgas will not conduct a quarterly earnings conference call, is no longer issuing financial guidance and is withdrawing previous financial guidance.
Praxair, Inc. (NYSE: PX) as well will release its fourth quarter 2015 financial results onJanuary 29, 2016, before the market opens and will host a conference call at 11:00 a.m. ET that morning. Following are details for the listen-only conference call, which will be available live and on demand to the public and the media. Live conference call number: (631) 485-4849 - Conference ID: 15532199 - Live webcast: Listen-only mode via live webcast at praxair.com/investors
And finally, UGI Corporation (NYSE:UGI) recently today that it will release its first quarter earnings after the market closes on February 1. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM EST on Tuesday, February 2. Interested parties may listen to the audio webcast both live and in replay on the Internet at http://www.ugicorp.com/investor-relations/events-and-presentations/default.aspx
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