TAMPA, Fla., July 13, 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, is pleased to announce that MagneGas Advisory Board Member Ambassador Jack Brewer participated in the International Ebola Recovery Conference at the United Nations last Friday, July 10th. The U.N. Secretary General and several Heads of State were in attendance at the summit to discuss various humanitarian initiatives related to Ebola recovery efforts.
Ambassador Brewer was joined at this two day event by Heads of State of Guinea, Liberia, and Sierra Leone; High-level representatives of the African Union, the European Union, the African Development Bank, and the World Bank; representatives from the private sector, private foundations, and civil society organizations; as well as many others.
As part of his prepared remarks, Ambassador Brewer highlighted a developing initiative between MagneGas and several organizations such as World Bank, UNDP, and Masada to provide sustainable solutions to Guinea, Liberia, and Sierra Leone. Amb. Brewer stated "getting to zero cases of Ebola is a major hurdle to overcome, but we must also plan on how we are going to rebuild the industry and infrastructure of Sierra Leone, Guinea, and Liberia. This is an opportunity to build the framework for how this and future situations are addressed. Organizations outside of these countries need to work closely with established organizations within to support effective, sustainable development and recovery."
"We are very blessed to have Ambassador Brewer on our advisory board and represent MagneGas for important initiatives being discussed at the United Nations," stated CEO Ermanno Santilli, "the insights and ability to facilitate life-changing solutions at these types of events are extremely valuable and we are honored to have our name and technologies presented as potential solutions for some of the world's most pressing issues like the Ebola outbreak."
The Ebola Recovery Assessment (ERA), led by the United Nations, will identify what elements are required for immediate recovery as well as identify conditions necessary to minimize the risk of its resurgence. The MagneGas sanitation technology could prove to be an ideal component for the economic development and health safety needed for the recovery and prevention of the Ebola epidemic and other widespread diseases of West Africa. The Company will continue to be present in global discussions and work alongside all initiatives set forth by the United Nations as guided by Ambassador Jack Brewer.
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.
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