TAMPA, Fla., April 14, 2016 /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 MagneGas2® fuel, announced today that it has been invited to showcase its MagneGas2® product at the upcoming American Welding Society Meetings in Miami/Dade and Broward Counties in Florida April 20th and 21st.
During the meeting, representatives from MagneGas will be demonstrating the fuel product's attributes which include a faster cutting speed, little changeover costs and enhanced safety features. The American Welding Society has a global mission to advance the science, technology and application of welding and allied joining and cutting processes with over 70,000 members worldwide.
"We are honored by the opportunity to present our product at the AWS new product showcases. These section meetings attract fabricators from many different industries and we look forward to the potential business opportunities that can come from this event," stated Ermanno Santilli, CEO, MagneGas Corporation.
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About American Welding Society
The American Welding Society (AWS) was founded in 1919, as a nonprofit organization with a global mission to advance the science, technology and application of welding and allied joining and cutting processes, including brazing, soldering and thermal spraying. AWS strives to move the industry forward in both thought and action, as well as inspire new generations to see the exciting career opportunities available today.
Uniting the Welding Industry
Headquartered in Miami, Florida, and led by a volunteer organization of officers and directors, AWS serves over 70,000 members worldwide and is composed of 22 Districts with 250 Sections and student chapters. The Society is dedicated to supporting hundreds of thousands of industry professionals, including: welders, business leaders, sales and service teams, manufacturers, vendors, associations, educational institutions, committee volunteers, and students. We connect welding communities from around the world into a collaborative force, built on a foundation of higher standards; advanced learning; and rewarding growth.
About MagneGas Corporation
MagneGas® Corporation (MNGA). The Company owns a patented process that converts various liquid wastes into hydrogen based fuels. These fuels can be used as a replacement to natural gas or for metal cutting. The Company's testing has shown the fuels are faster, cleaner and more productive than other alternatives on the market. They are also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene.
The MagneGas fuel production systems can be set-up locally using various types of feedstock. The Company believes this flexibility can give them an advantage in the Government/Military marketplace as fuels can be manufactured on site from raw materials found locally worldwide and eliminates the time and expense of shipping to the specific military theater. The Company is planning to establish joint ventures with third parties to construct these supply facilities worldwide.
The Company 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 http://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 virgin vegetable oil to produce fuel while it configures its systems to properly process waste within local regulatory requirements.
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.
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SOURCE MagneGas Corporation