TAMPA, Fla., March 18, 2013 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a global gasification technology Company that safely converts liquid waste into a hydrogen-based metal working fuel and a clean natural gas alternative, presented its patented liquid waste to energy solutions to the House and Senate Science and Technology Committee at the Georgia State Capitol.
"I'm very excited about new technologies, especially those which benefit people everywhere and bring jobs to our state," commented Senator Barry Loudermilk, Chairman of the Senate Committee. "The revolutionary ideas presented by MagneGas to cost-effectively convert contaminated liquid waste into natural gas could bring cutting-edge technology to our state and promote the use of clean energy alternatives."
MagneGas CEO, Ermanno Santilli, presented the latest technological advancements to the Committee and showed the universal benefits to Georgia's economy and its citizens. Mr. Santilli stated, "I am so pleased at how receptive the legislators were as we presented them with new capabilities to generate more green energy. Our technology will help reduce the environmental and costly impact of outdated and chemically-laden sewage treatment systems, and provide drought resistant assistance."
MagneGas Chairman and Chief Scientist, Dr. Ruggero Santilli, former Harvard and MIT scientist, developed the Company's patented Submerged Plasma Arc Flow process which gasifies liquid waste including sewage, FOGS (Fats, Oils, Greases), animal waste and spent vehicle fluids, and creates a clean, burning hydrogen based fuel that is essentially interchangeable with natural gas.
"The benefits of the MagneGas technology are extremely impressive and a game changer in the energy arena. MagneGas can safely eliminate liquid hazardous materials while providing the state with its own natural gas production," commented Harry Geisinger, Vice Chairman, Georgia House Energy, Utilities & Telecommunications Committee, and Executive Committee member to the Southern States Energy Board.
The presentation by MagneGas on March 11, 2013 to the Georgia House and Senate Science and Technology Committees will be available on the internet at Georgia House of Representatives website at http://www.house.ga.gov/Committees/en-US/CommitteeArchives122.aspx
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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.
For more information on MagneGas, please visit the Company's website at www.magnegas.com.
Joint House and Senate Science and Technology Committee of the State of Georgia
The Committee is responsible for legislation that promotes the appropriate and safe development and use of science and technological advances in the state. A copy of the agenda and presentation can be found here: http://1.usa.gov/13SWISx
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