MagneGas Signs Letter of Intent with Urban Fish Farm

TAMPA, Fla., Sept. 30, 2014 /PRNewswire/ -- MagneGas® Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that includes among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today the signature of a Letter of Intent for the placement of a 50kW Unit with an innovative fish farm company located in Fort Myers, Florida.

Waste water from fish farms has valuable nutrients and micro-nutrients.  When the waste water is properly treated, the resulting solution becomes an effective organic agricultural soil amendment that can be custom formulated for specific crops and turf. The partnering fish farm, with a patented process, is researching the benefits and test results of sterilizing their waste water with a MagneGas unit. 

The processed waste water is custom blended to meet the farmers' specific soil conditions.  The fish farms' current process has documented increased crop yields of over 17% versus traditional chemical fertilizers. MagneGas is optimistic that sterilizing waste water using the MagneGas technology will improve the results and/or simplify the process.  Additionally, incorporating the MagneGas equipment could classify the processed waste water as a completely organic solution for agricultural crops.

The Company believes that the value of using a MagneGas unit is that it both sterilizes and breaks down nutrients microscopically, thus increasing the surface area to volume ratio of remaining nutrients.  This is expected to result in increased efficiency when adding microbiology and thus reducing overall costs and improving throughput rates. 

The executed Letter of Intent stipulates that upon successful trial runs and test results, the Companies will work together to pursue aquaponic farms and certain other agricultural applications.  The Company estimates there are up to 200 aquaponic farms in the US and plans to jointly incorporate respective patented process technologies to pursue the market.  Following successful testing, the initial 50kW unit will be placed at the farm in Fort Myers to demonstrate the technology and business model to visitors.

"A little known fact is that today the world consumes more farmed fish than wild caught fish. We believe adding chemicals to the process is an unsustainable solution for the environment.  MagneGas intends to become a major contributor with a proposed solution using combined technologies to reuse animal and fish waste to improve food production.  We plan to partner with innovative companies to bring joint solutions to the industry on a global basis," commented Ermanno Santilli, CEO MagneGas Corp.

The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for Android mobile devices.

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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 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.

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