TAMPA, Fla., Jan. 21, 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 the appointment of U.S. Marine Corps (Ret) Lieutenant General Keith J. Stalder to the MagneGas Advisory Board. In this capacity, Lt. General Stalder will advise the Company on various military opportunities and how they may apply to MagneGas capabilities.
Lt. General Stalder had a distinguished military career that spanned over several decades. He served as the Operations Division Chief for the military-to-military contact program for Central and Eastern Europe and the former Soviet Union. He led the Marine Corps' F/A-18 Hornet Introduction Team (HIT) and was the Deputy Director for Plans and Policy, United States Central Command, during Operation Enduring Freedom.
Lt. General Stalder also previously served as the Deputy and Commanding General, 1st Marine Expeditionary Brigade and Deputy Commanding General, I Marine Expeditionary Force, in Operation Iraqi Freedom I. Later, he commanded the 3rd Marine Aircraft Wing during a second tour in the Iraq war. Lt. General Stalder commanded the Training and Education Command starting in 2005 and in 2006, Stalder become Commanding General of the II Marine Expeditionary Force.
In 2008, Stalder was nominated for appointment as the Commander, U.S. Marine Corps Forces Pacific; Commanding General, Fleet Marine Forces Pacific; and Commander, Marine Corps Bases Pacific. He retired in 2010 and has since held various consulting roles.
As previously announced, MagneGas has established an Advisory Board to provide market intelligence and assistance with specific strategic opportunities. The Company has established positions on the Advisory Board to represent the Military, Agriculture, Utility (Co-Combustion), Industrial Gas and International Sales sectors.
"MagneGas is honored that Lt. General Stalder has joined our Advisory Board. The Company believes there are strategic opportunities within the Military that are a perfect fit for our technology. Lt. General Stalder will advise the Company on these matters and will bring a wealth of knowledge and understanding on various military sectors. We are thrilled to have someone with such a distinguished career of service advising the Company to navigate these opportunities and look forward to working with Lt. General Stalder." Commented Ermanno Santilli, CEO MagneGas Corporation.
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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.
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