TAMPA, Fla., Aug. 24, 2015 /PRNewswire/ -- MagneGas Corporation, www.magnegas.com ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that it has filed multiple patent applications surrounding its systems, processes and controls. The applications specifically relate to the production of MagneGas2®, the processing of biomass into sterilized fertilizer and other efficiency enhancements. The Company took this step to invest further into its intellectual property protection in response to recent success with the MagneGas2 product introductions and manure process testing.
"The Company has embarked on an aggressive campaign to protect its Intellectual Property. To that end, we have filed multiple patent applications spanning across several MagneGas processes. We recognize the enormous market potential of our products, which has become even more apparent with recent MagneGas2 marquee customer acquisitions. In response we are taking necessary steps to help protect our systems from potential patent infringement for many years to come," stated Ermanno Santilli, CEO of MagneGas.
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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.
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.
SOURCE MagneGas Corporation