Corporate Report: September 7

MagneGas Corp. delivers refinery to Michigan recycler RJ Torching
MagneGas Corp. has shipped a 150kW refinery to RJ Torching Inc., one of the largest scrap yards in Michigan. In June, MagneGas entered into an agreement with RJ Torching to install a refinery onsite and produce MagneGas fuel for its metal working needs. RJ Torching, a Flint, Mich., recycler and inventor of the SPARCS metal cutting exhaust gas collection system, agreed to purchase all of its metal cutting gas needs exclusively from the company after extensive testing.

“After spending much of 2012 educating the marketplace on the benefits of our product, we look forward to ramping up production of our refineries,” Ermanno Santilli, CEO of MagneGas, says in a press release.

Sunquest Information Systems sold to Roper Industries
Sarasota-based Roper Industries Inc. has completed its acquisition of Sunquest Information Systems for more than $1.41 billion. The company funded the acquisition through available cash and borrowings under its credit line.