MagneGas Unveils Liquid Biomass Solution at Largest Biomass Conference in North America
Company showcases new mobile unit, discusses results from Italy testing
TAMPA, Fla., March 24, 2014 /PRNewswire/ -- MagneGas Corporation, www.magnegas.com ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that counts among its inventions a technology that converts liquid waste into a hydrogen-based fuel, today unveiled its mobile liquid biomass solution at the 7th Annual International Biomass Conference & Expo. The Biomass Conference & Expo is the largest of its kind in North America and upwards of 1500 attendees are expected to be on hand for the 3 day conference being held at the Orange County Convention Center in Orlando, FL from March 24-26. This is the first time that the Company is unveiling its mobile liquid biomass solution at a major industry event.
To view pictures of the new MagneGas™ Mobile Unit, which was completed for a MagneGas customer in the central Asian country of Kazakhstan, visit this link:
http://www.magnegas.com/mobile-magnegas-trailer
MagneGas CEO Ermanno Santilli, who is also moderating a panel at the Conference, will be on hand to talk with attendees and media at Booth #511 about the testing of its current technology that has been underway in Italy since 2010. The testing at a European Union member site is critical because it occurred in a sewage treatment facility versus a test environment.
"We know our liquid biomass solution technology is performing as expected overseas and we are positioning ourselves for a pilot program in the agricultural sector here in the US in the very near future," stated Santilli. "Beyond a test on our home soil, we are preparing to solicit the Environmental Protection Agency (EPA) for approval of the technology that we believe will prove we can turn Class B sludge into Class A material to reduce disposal costs and in some cases render it suitable for fertilization and / or irrigation. The company believes the technology could significantly impact the way liquid waste is dealt with in sectors as far ranging as livestock, feed, waste energy/water and several other critical areas and we are excited to see the outcome of our test results."
Specifically, the MagneGas technology converts liquid waste such as sewage, sludge, agricultural manures and bio-diesel products into sterilized water which in some instances, is usable for irrigation and fertilization as well as creating a clean burning hydrogen-based fuel that is essentially interchangeable with natural gas. The process uses MagneGas' patented Plasma Arc Flow process that gasifies the liquid wastes. The MagneGas created can be used for metal working, cooking, heating, powering bi-fuel automobiles and more.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is the producer of MagneGas, a natural gas alternative and metal working fuel that can be made from certain industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.
The Company's patented Plasma Arc Flow process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas. MagneGas can be used for metal working, cooking, heating, powering bi-fuel automobiles and more. 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. The Company is currently using new ethylene glycol to produce fuel until proper permits to process used liquid waste have been obtained.
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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