MagneGas Selected for Major Steel Demolition Project in Florida

TAMPA, Florida, October 8, 2015 /PRNewswire/ --

MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading energy and technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, today announced that its cutting fuel is being used in the steel portion of the demolition of the St. Petersburg Pier.  The St. Petersburg Pier is a multi-story structure that is being demolished and replaced with new building. The demolition project is one of the largest in the city's history.

Demolition contractor and current MagneGas® customer, Sonny Glasbrenner, Inc., was brought in to help demolish the structure.  They specifically demanded MagneGas® fuel for this project due to its unique properties including cut speed.  The Pier was originally constructed in 1889 as a railroad pier and grew to become a major local restaurant and shopping destination.  The project is expected to take 4 months and will use MagneGas2® for steel cutting and related demolition.

For a view of the demo project visit:

https://www.squaremouth.com/st-petersburg-pier-cam

MagneGas2® has consistently received positive feedback from end users such as demolition companies, utility companies and industrial facilities because of its proven faster cutting speed, demonstrated safety attributes, eco-friendly aspects and smaller heat affected zone.  The fuel is produced in the USA as opposed to acetylene which is made from calcium carbide imported primarily from China and other countries. The increased cutting speed translates into the potential of increased productivity and lower costs for end users.

"MagneGas is pleased to have been selected as the fuel of choice for this important project.  Our customer requested MagneGas primarily due to the speed of the cut, which potentially means increased productivity and a quicker completion date.  Sonny Glasbrenner has been a long time customer and we are grateful to be part of this historic project, This customer continues to come back to us for MagneGas for their critical projects." commented Ermanno Santilli, CEO of MagneGas Corporation.

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 http://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:
Investor Contacts:
KCSA Strategic Communications
Philip Carlson / Brad Nelson
+1-212-896-1233 / +1-212-896-1217
[email protected] / [email protected]

SOURCE MagneGas Corporation

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