MagneGas Joint Venture Partner Files Comprehensive Co-Combustion Patent

TAMPA Fla., Oct. 9, 2014 /PRNewswire/ -- MagneGas Corporation, www.magnegas.com ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading technology company that counts among its inventions a technology that converts liquid waste into a hydrogen-based fuel, today announced that its partner, FuturEnergy Pty Ltd of Australia, submitted a pioneer patent on combusting coal emissions containing CO2 in a secondary post combustion chamber with MagneGas® fuel. The patent, 'Utilising synergistic mixture of fuel to produce energy and reduce emissions in boilers,' was filed with the Australian patent office based on a previously filed provisional patent. 

As previously announced, MagneGas Corporation and FuturEnergy Pty Ltd have formed a Joint Venture for the purpose of developing, licensing and commercializing new intellectual property for co-combustion of MagneGas fuels with hydrocarbon fuels to reduce emissions and increase energy. This agreement includes other current and future developments such as the combustion of MagneGas® with diesel, heavy oil, aviation fuels, and liquid petroleum gas.  The Joint Venture has licensed the use of its patent to a confidential partner in Michigan for the purpose of commercializing the technology for Coal Co-Combustion in the United States and Canada.  The data in the attached FuturEnergy press release was obtained through internal testing using MagneGas partners. The Company is in the process of independently verifying the data through a third-party research laboratory associated with a major utility.

A link to the FuturEnergy press release can be found here:
http://magnegas.com/wp-content/uploads/2014/10/Future-Energy-Co-Combustion-Patent-Filing.pdf

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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.

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.

Contact:
Shelby Malvestuto
MagneGas Corp.
727-934-3448
[email protected]

SOURCE MagneGas Corporation

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