TAMPA, FL -- (Marketwire) -- 05/24/11 -- 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 its MagneGas fuel is being tested as an environmentally-friendly alternative for major US Navy metal cutting projects. The US Navy has tasked the National Center for Manufacturing Sciences (NCMS) (www.ncms.org) with developing new methods to reduce emissions during the breakup and recycling of retiring vessels, including the nuclear aircraft carrier USS Enterprise. NCMS has identified MagneGas fuel as a 'green' alternative available to the metal cutting market, and is currently testing it as a means to enhance compliance with air pollution and clean water requirements. To learn more about the project, visit http://bit.ly/jXSFAM.
'While still at its earliest stage, we are honored to be considered as a potential metal cutting solution for the US Navy, the largest naval fleet in the world,' stated MagneGas President Scott Wainwright. 'We are confident that our fuel could indeed help the Navy reduce its metal cutting emissions, while also maintaining or enhancing its process efficiency. We are working closely with NCMS and look forward to reporting their conclusions.'
'Controlling air emissions and opacity levels on large-scale metal cutting during dismantling naval vessels is a very important air pollution compliance concern in the Puget Sound region,' said Dana Ellis, Senior Program Manager for NCMS. 'NCMS is pleased with MagneGas' participation in this collaborative R&D project intended to optimize fuel gases which produce the best combination of opacity levels and productivity during hot cutting methods at Puget Sound Naval Shipyard.'
About the National Center for Manufacturing Sciences The National Center for Manufacturing Sciences (NCMS) is the largest collaborative R&D consortium in North America and is dedicated to driving innovation and competitiveness among manufacturers in commercial, defense, robotics, and related industries. NCMS has a 25 year track record in the formation and management of complex, multi-partner collaborative R&D programs, using a collaborative process that delivers sustainable innovation, which reduces risk and delivers products to market faster than traditional methods. For more information, visit www.ncms.org.
MagneGas can provide no assurance as to the US Navy's final decision.
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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.
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