Tampa,FL (PRWEB) April 25, 2014
MagneGas Corporation, ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that it filed a provisional patent protecting new methods of applying MagneGas® to waste incineration through a primary heating process and secondary burning method. In some instances, MagneGas® will be mixed with oil or natural gas to achieve the proper burn characteristics. The Company believes that using MagneGas® will increase efficiency through a more complete combustion of waste materials being incinerated which could also result in reduced emissions.
“As announced earlier this week, the Company has embarked on an aggressive campaign to protect its Intellectual Property. The Company has studied several potential advanced uses of MagneGas to reduce emissions and increase heat in various industrial processes. This provisional patent is one of those applications,” stated Ermanno Santilli, CEO of MagneGas.
The MagneGas IR App is now available for free in Apple’s App Store for the iPhone or iPad and at Google Play for Android mobile devices.
To be added to the MagneGas investor email list, please email pcarlson(at)kcsa(dot)com with MNGA in the subject line.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is the producer of MagneGas, a natural gas alternative and metal working fuel that can be made from certain 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. MagneGas can be used for metal working, cooking, heating, powering bi-fuel automobiles and more. For more information on MagneGas, please visit the Company's website.
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, 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 Company is currently using new ethylene glycol to produce fuel until proper permits to process used liquid waste have been obtained.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.