MagneGas Announces Successful USDA Demonstration
Live Event Hosted on Thursday, May 10th
TAMPA, FL / ACCESSWIRE / May 14, 2018 / MagneGas Corporation (''MagneGas'' or the ''Company'') (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today that the Company hosted a successful live sterilization demonstration at an active dairy farm in Bowling Green, FL, on May 10th. The Company was previously awarded a grant from the USDA to gather data on its patented plasma arc sterilization technology for applications in the agricultural sector. This was the first event in a series of live, public demonstrations funded by that grant. The attendees included representatives from the USDA, the Dairy Farmers of America, the International Dairy Journal, and other independent dairy operators, along with local government representatives.
''We are pleased with the success of the first live demonstration of our sterilization technology. The demonstration was well received and was a major milestone for us as we advance the commercialization of our patented sterilization solution. We will be hosting more live, public demonstrations as we roll out our sterilization technology in the agricultural market. We would like to thank all the attendees who joined us for this live event,'' commented Ermanno Santilli, CEO of MagneGas.
About MagneGas Corporation
MagneGas® Corporation (MNGA) owns a patented process that converts various renewables and liquid wastes into MagneGas fuels. These fuels can be used as an alternative to natural gas or for metal cutting. The Company's testing has shown that its metal cutting fuel ''MagneGas2®'' is faster, cleaner and more productive than other alternatives on the market. It is also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.
The Company also sells 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 http://www.MagneGas.com.
The Company distributes MagneGas2® through Independent Distributors in the U.S and through its wholly owned distributors, ESSI, Green Arc Supply, Trico Welding Supply and Complete Welding of San Diego. ESSI has 3 locations in Florida, Green Arc 2 locations in Texas and one location in Louisiana, Trico has two locations in northern California, and Complete Welding has one location in southern California.
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.
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.
SOURCE: MagneGas Corporation
Released May 14, 2018