MagneGas Launches Innovative MagneTote™ Product Line

MagneTote™ is a Portable and Compact System to Cut with the Power of MagneGas®

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Sep 29, 2014, 09:26 ET

TAMPA, Fla., Sept. 29, 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 the launch of the MagneTote™ family of cutting systems.

MagneGas Launches Innovative MagneTote(TM) Product Line (PRNewsFoto/MagneGas Corporation)

Using input from the actual end users including the New York City Fire Department along with the Clearwater and Dunedin Fire Departments, MagneGas has developed two "emergency extraction" packages. The first is the MagneTote™ which is a lightweight aluminum cage designed to securely hold two portable aluminum cylinders containing oxygen and MagneGas®. It also comes with a detachable torch, hose and extra tips. The second emergency extraction package is designed to be worn as a backpack holding all of the same equipment. The cage can unclasp and open for immediate access to the hose and torch, which allows for a speedy setup and easy use. These compact and portable systems provide the user with up to an hour of life saving cutting time

Positive attention towards the MagneTote™ is spreading beyond our fire and rescue services to other customers who value safety, portability, and the cutting power of MagneGas® as the Company receives feedback from other customers. In addition, the Company believes that the capability to operate in harsh, mobile, or dangerous environments also opens military opportunities which are being targeted.

"The MagneTote™ system was born out of close cooperation with Fire and Rescue services such as FDNY and Clearwater Fire & Rescue who needed the power of MagneGas in a secure package weighing less than 50 pounds. We are very pleased with this product and the customer feedback." Stated Terry Vernille, Senior Vice President MagneGas Corp.

"Leveraging the inherent stability of MagneGas® cutting fuel with the MagneTote™ plays to our strengths by offering a safe and compact cutting system ideal for deployment into harsh environments where a customer would never dream of taking an inherently unstable cutting fuel such as acetylene," commented Ermanno Santilli, CEO MagneGas Corp.

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.

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.

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