MagneGas Accepted into the United Nations Global Compact
TAMPA, Fla., Feb. 2, 2015 /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, is pleased to announce that they have been granted membership into the United Nations Global Compact (UNGC), a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principals in the areas of human rights, labor, environment and anti-corruption. The initiative seeks to combine the best properties of the UN, with the private sector's solution-finding strengths, and the expertise and capacities of a range of key stakeholders.
The United Nations Global Compact has shaped an initiative that provides collaborative solutions to the most fundamental challenges facing both business and society. The UNGC seeks to catalyze business action in support of UN goals and issues, with emphasis on collaboration and collective action. Companies from over 145 countries are represented, and the Company believes admission into the UNGC will facilitate expansion into some key areas of the globe which are seeking sustainable solutions to their environmental issues.
Some of the benefits of engagement include the following:
- Advancing sustainability solutions in partnership with a range of stakeholders, including UN agencies, governments, civil society, labor, and other non-business interests.
- Linking business units and subsidiaries across the value chain with the Global Compact's Local Networks around the world — many of these in developing and emerging markets.
- Accessing the United Nations' extensive knowledge of and experience with sustainability and development issues.
"The foundation of MagneGas has always been deeply influenced by the creation of sustainable solutions, with an emphasis on addressing the global issues related to fuel," noted Ermanno Santilli, CEO of MagneGas. "By joining the United Nations Global Compact, we will be able to work closely with other like-minded organizations and address the upcoming challenges pertaining to business, society, and sustainability. We believe that cleaner technologies and practices are needed to protect the environment and ensure a healthy future for generations to come. As an example, the comparative impact of methane on climate change is over twenty times greater than carbon dioxide[1] over a 100-year period, making it a substantially potent greenhouse gas. MagneGas is working towards taking animal manure and municipal waste water, which naturally produces methane, and transform that waste into clean burning fuel."
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.
[1] http://www.epa.gov/climatechange/ghgemissions/gases/ch4.html
SOURCE MagneGas Corporation
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article