MagneGas Deploys Manure Sterilization System to Major Hog Farm
System will be used to Demonstrate Manure Processing Capabilities and Launch Market
TAMPA, Fla., Dec. 15, 2014 /PRNewswire/ -- 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 has completed construction of its latest Venturi™ sterilization system which has been deployed to a major hog farm in Indiana.
The sterilization system is expected to process hog manure resulting in a high quality, low-odor fertilizer that the Company believes can be safely used on crops. In addition, MagneGas® fuel will be produced as a byproduct that can be co-fired with propane or natural gas to reduce other fuel needs. Following a successful demonstration, the Indiana farm owner has indicated to the Company that he plans to purchase the system to use for his manure sterilization needs and partner with MagneGas to launch the market for the use of MagneGas systems in the agricultural industry world-wide.
MagneGas corp and its partners have demonstrated that a wide variety of liquids wastes can be sterilized such as blood, sewage, manures, leachates and a variety of sludges. As recently as July 2014 MagneGas corp confirmed that it meets EPA 503.32 by sterilizing hog manures taking coliform bacteria counts to "Undetectable Levels". The company believes meeting this rule transforms this Class B Manure into Class A suitable for land application and in some cases fertilization.
"I am excited that MagneGas has achieved this significant milestone. Having the ability to test our new high flow Venturi system in a real world environment with such a highly respected stakeholder in the agricultural industry speaks volumes as to how far we have come as a company," commented Ermanno Santilli, CEO of MagneGas. "We are looking forward to working with such a cutting edge farm on a system that we believe will change the way the world looks at liquid wastes."
The 100kW Mobile Venturi™ unit without MagneGas insignia at request of the customer:
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.
FORWARD-LOOKING STATEMENTS
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.
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SOURCE MagneGas Corporation
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