MagneGas Corporation, the clean technology company in the renewable resources and environmental solutions industries, has experienced record industrial gas and welding supplies sales of $1.0m for the fourth quarter of 2017.
Preliminary industrial gas and welding supplies for the full year 2017 were also a record for the company at $3.7m, which represents a 32.3% increase in year-over-year sales.
With the recent strong revenue growth, management also announced a significant expansion plan in the first quarter of 2018. First, the company has expanded its sales efforts into Pasco County to the north of existing sales operations. Second, the company has expanded sales efforts into the Orlando market, which is one of the largest industrial gas markets in Florida.
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