MagneGas Invited to Showcase New Product Breakthrough at 2014 Ironworkers Union Company to Reveal Second Generation Cutting Fuel
TAMPA, Fla., July 9, 2014 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), www.magnegas.com, a leading energy and technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, today announced that it will be debuting a unique new product at the 30th annual Ironworkers Instructor Training Program on Wednesday, July 16th that is being held in Michigan. The first annual program in 1985 had 83 participants in eight courses, today it has grown to over 450 enrolled in approximately 50 courses. According to the Company, the announcement at the program will encompass the introduction of a new generation metal cutting fuel.
"This cutting fuel has been years in the making. With so much time spent perfecting it and testing it, I am excited we are finally showing the world what it can do," stated Ermanno Santilli, CEO of MagneGas.
"We are honored to be invited to the Ironworkers Instructor Training Program," stated Terry Vernille, Executive Vice President of MagneGas. "This is an ideal venue to debut our new product as it will allow the Ironworkers to upgrade their capabilities with our most up-to-date product, safeguarding the Ironworkers' reputation as one of the most skilled, well-trained workforces in the construction industry."
Stay tuned on www.burningthecompetition.com for updates on MagneGas' new cutting 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 receive regular updates and alerts about the new product, interested parties can sign up at www.burningthecompetition.com.
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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 also sells 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.
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