MagneGas Enters Final Test Phase with New York City's Fire Department
FDNY Special Operations Command Confirms in Final Testing to Use MagneGas® as Replacement to Acetylene
TAMPA, Fla., Sept. 23, 2014 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that it has received formal confirmation from the Special Operations Command of the Fire Department of the City of New York ("FDNY") that it has commenced final testing of MagneGas® for use as a replacement to acetylene. As part of its overall strategy to grow fuel sales, MagneGas has identified fire departments and first responder units as ideal customers for the use of its gas due to the speed of the MagneGas® cut and concentration of the heat affected zone. The reduced heat affected zone as compared to acetylene means the potential for less impact on human life in the vicinity of a cut during extractions. This is a critical benefit of MagneGas® fuel for these markets.
"The FDNY has been conducting testing using MagneGas® for over one year, studying both the safety of the fuel as well as the potential impact on human life during extractions. In addition, the Company has been working with FDNY to design backpacks that can be used with MagneGas® during a fire. The cylinders are lighter than acetylene, making them easier to carry and the fuel dissipates in the event of a leak. This makes MagneGas safer to use in fire zone areas. In addition, the smaller heat affected zone means cuts can be made closer to the body during extractions, which may have a beneficial impact on human life," stated Terry Vernille, Senior Vice President Sales & Distributor Relations for MagneGas.
The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for Android mobile devices.
The new video can be found on the MagneGas YouTube channel:
https://www.youtube.com/watch?v=ohJ9tQ3vjjE&feature=youtu.be
To be added to the MagneGas investor email list, please email [email protected] with MNGA in the subject line.
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.
SOURCE MagneGas Corporation
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