TAMPA, Fla., Jan. 14, 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, announced today that it has completed initial testing of its Venturi™ sterilization system which has been deployed to a major hog farm in Indiana. The testing showed that the MagneGas system achieved full sterilization of manures.
The testing occurred over the course of several weeks with several thousand gallons of manure processed through the MagneGas system. An independent laboratory provided results under various parameters and the results showed that the MagneGas system achieved full sterilization of E-Coli and Fecal Coliform. These were the specific bacteria requested by the farm to be tested during the process and these results will allow the collaboration on the project to continue. The next phase will include additional advanced testing, under higher liquid volumes and different operating conditions. The Company intends to work in collaboration with the farm during the coming months to optimize the final MagneGas system that will meet the commercial requirements for deployment.
"I am pleased with these initial test results. MagneGas was confident that full sterilization would be achieved. We are currently working together with the farm through the next phase of advanced testing, product development and necessary modification. We look forward to collaborating with this influential stakeholder in the agricultural industry in the coming months as the final system is developed," commented Ermanno Santilli, CEO of MagneGas.
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.
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.
SOURCE MagneGas Corporation