One of Top Five U.S. Utility Companies Approves MagneGas2® as Replacement to Acetylene

TAMPA, Fla., Feb. 17, 2015 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that one of the five largest electric utilities in the U.S. has approved MagneGas2® fuel to replace acetylene at their power and repair facilities.  The Company has elected to keep the name of the utility confidential due to concerns over competitive interference during the product roll-out period which will occur over the next several months. 

Safety and productivity are of paramount importance to this utility, one of the largest electric holding companies in the United States.  The utility tested MagneGas2® for over one year and found that the cut speed was faster than acetylene and the pre-heat time was shorter, which could lead to higher productivity.  In addition, the utility specified the superior safety aspects of MagneGas2® and the significantly lower environmental impact of using a fuel produced from a renewable source. 

"Acetylene is known to be one of the most dangerous industrial gases available on the market today and our testing has shown that MagneGas2 is faster, safer and cleaner than acetylene and to our knowledge, is the only renewable cutting fuel available.  Apart from sales directly with this large utility a myriad of subcontractors are now authorized to use MagneGas2® whilst at the utility thereby multiplying the opportunity for MagneGas," stated Ermanno Santilli, CEO MagneGas Corporation. "This is expected to become the most significant retail customer for MagneGas. This utility is among the most respected and recognized in the US and we are very pleased to be working with a company as concerned about safety, productivity and the environment as we are."

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.

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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

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