MagneGas Corporation

MagneGas Conducts Additional Demonstrations for Fossil Fuel Division of Major Utility

0

Source: MagneGas Corporation

Demonstration for over 40 Representatives from the Fossil Fuel Division of a U.S. Utility view MagneGas Demonstration and Request Next Steps

TAMPA, Fla. -- MagneGas Corporation ('MagneGas' or the 'Company') (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas fuel, this week completed metal cutting demonstrations with over 40 representatives from the Fossil Fuel division of a major northeast Utility. The Company believes the demonstrations were successful as they have received multiple requests for fuel as a result of those meetings.

The Utility is one of the ten largest in the United States with over $35 billion in assets and large volume use of acetylene. Multiple company officials and representatives from the Fossil Fuel Division of the Utility were in attendance. This particular division is the largest user of acetylene and propane at the Company. The test used MagneGas to cut 2 inch steel plates and resulted in very little pre-heat time with clean cuts. Officials have indicated an interest in purchasing fuel and the Company is working through the procurement process with the Utility.

'The overwhelming feedback of these meetings was positive as they compared MagneGas2 to acetylene. The pre-heat was much quicker than acetylene and the speed of the cut substantially faster. A key strategy of ours has been to demonstrate our fuel to marquee customers to enable our pull through purchasing with local distribution. We are working through the procurement process with the Utility and expect to be filling orders shortly,' stated Ermanno Santilli, CEO Magnegas Corporation.

About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas into the metal working market as a replacement to acetylene. It is also selling equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas, please visit the Company's website at www.MagneGas.com.

The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for Android mobile devices.

To be added to the MagneGas investor email list, please email pcarlson@kcsa.com with MNGA in the subject line.

Customer comments

No comments were found for MagneGas Conducts Additional Demonstrations for Fossil Fuel Division of Major Utility. Be the first to comment!