TAMPA, Fla. -- MagneGas Corporation ('MagneGas' or the 'Company') (NASDAQ: MNGA), a technology company that includes among its inventions the patented process that converts liquid waste into a hydrogen-based fuel, has been invited to present to National Power Companies at the EUCG conference on Tuesday, April 14, 2015.
The EUCG organization shares best practices in costs saving, productivity improvement and safety. MagneGas was specifically invited to present its innovative cutting fuel as a replacement to acetylene which poses significantly safety risks to users due to its inherently unstable chemical composition. The EUCG is committed to sponsoring and offering services and products that will increase efficiency and provide information to take its members successfully into the next generation of technology. MagneGas is already providing cutting fuel to one of the largest utility companies in the United States and hopes to expand upon that customer base through this conference.
'We at MagneGas are proud to be invited to present MagneGas 2® at this EUCG meeting,' stated Ermanno Santilli, CEO of MagneGas. 'We believe acetylene users have become increasingly concerned by the inherent dangers of acetylene cutting fuel and this has resulted in MagneGas 2® gaining market recognition for safety and productivity versus this legacy fuel.'
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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.
EUCG is a member-based trade association comprised of professionals from utility companies that meets semi-annually to provide a forum and tools to exchange information, share lessons learned, and find solutions to industry issues. Electric utility plant and company challenges are identified and information is exchanged with the purpose of improving performance and increasing company value and competitiveness. Best-in-class performance data is readily available to participating members.
EUCG has semi-annual workshops in the spring and fall of each year that are attended by a mix of both corporate and plant personnel. Member representatives may have technical or business backgrounds and range in positions from engineers and accountants to directors and vice presidents in the business areas of finance, business planning, performance improvement and other roles found in the typical energy company structure. A large number of the most recognized and respected national and international utility companies send representatives to each of the EUCG workshops. Agenda topics are identified by members, and presented by both members and experts of other industries that have valuable information to offer on the general topics of cost planning/budgeting, performance efficiency. and other aspects of the utility business.
For more information on EUCG, please visit the Organization' website at https://www.eucg.org/index.cfm.