TAMPA, FL -- (Marketwire) -- 07/06/11 -- MagneGas Corporation ('MagneGas' or the 'Company') (OTCBB: MNGA), the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it has completed the manufacture of its first industrial scale 500 KwH Plasma Arc Flow recycler for the sterilization of highly infected liquid waste such as municipal or farm bio waste. This plant will serve as the domestic and international demonstration unit for prospective wastewater customers. The Refinery is currently undergoing extensive testing and certification at a local municipality. The fuel produced from such a refinery could be used by municipalities to power natural gas industrial equipment or vehicles.
'While our immediate commercial focus has been on fuel production, we have always kept one eye toward fulfilling the full potential of the MagneGas Technology,' stated MagneGas President Scott Wainwright. 'With this new biowaste sterilization plant we will be able to tangibly demonstrate to potential purchasers a new, green wastewater management solution, and pending testing results, one ready for immediate sale and implementation both domestically and internationally.'
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About MagneGas Corporation (www.magnegas.com)
Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas, a natural gas alternative and metal working fuel that can be made from industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.
The Company's patented Plasma Arc Flow process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas can be used for metal working, cooking, heating, powering bi fuel automobiles and more.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. The Company is currently using new antifreeze, vegetable oil and ethylene glycol to produce fuel until proper permits to process used liquid waste have been obtained.