5G Wireless Communications Inc. (FGWC.PK) said it signed strategic alliance agreement with Applied Hadronics. The agreement calls for the use of Applied Hadronic's 50KW mobile magnegas refinery and operational expertise for the development of a mobile hydrogen based fuel refinery powered by solar and/or wind power.
Commenting on the deal, president of Applied Hadronics, Ronald Cole stated, "Our goal at Applied Hadronics has been to develop practical ways to convert clean but intermittent sources of energy, such as wind and solar, to a form that is available 'on demand.' We anticipate a sharp increase in progress as a result of the synergy created by our strategic alliance with Magnegas Corp. and 5G Wireless."
For comments and feedback contact: editorial@rttnews.com
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.