This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MagneGas Presents Submerged Plasma Arc Technological Advancements At Georgia State Capitol

TAMPA, Fla., March 18, 2013 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a  global gasification technology Company that safely converts liquid waste into a hydrogen-based metal working fuel and a clean natural gas alternative, presented its patented liquid waste to energy solutions to the House and Senate Science and Technology Committee at the Georgia State Capitol.

"I'm very excited about new technologies, especially those which benefit people everywhere and bring jobs to our state," commented Senator Barry Loudermilk, Chairman of the Senate Committee. "The revolutionary ideas presented by MagneGas to cost-effectively convert contaminated liquid waste into natural gas could bring cutting-edge technology to our state and promote the use of clean energy alternatives."

MagneGas CEO, Ermanno Santilli, presented the latest technological advancements to the Committee and showed the universal benefits to Georgia's economy and its citizens.  Mr. Santilli stated, "I am so pleased at how receptive the legislators were as we presented them with new capabilities to generate more green energy. Our technology will help reduce the environmental and costly impact of outdated and chemically-laden sewage treatment systems, and provide drought resistant assistance."

MagneGas Chairman and Chief Scientist, Dr. Ruggero Santilli, former Harvard and MIT scientist, developed the Company's patented Submerged Plasma Arc Flow process which gasifies liquid waste including sewage, FOGS (Fats, Oils, Greases), animal waste and spent vehicle fluids, and creates a clean, burning hydrogen based fuel that is essentially interchangeable with natural gas.

"The benefits of the MagneGas technology are extremely impressive and a game changer in the energy arena.  MagneGas can safely eliminate liquid hazardous materials while providing the state with its own natural gas production," commented Harry Geisinger, Vice Chairman, Georgia House Energy, Utilities & Telecommunications Committee, and Executive Committee member to the Southern States Energy Board.

The presentation by MagneGas on March 11, 2013 to the Georgia House and Senate Science and Technology Committees will be available on the internet at Georgia House of Representatives website at http://www.house.ga.gov/Committees/en-US/CommitteeArchives122.aspx

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.

To be added to the MagneGas investor email list, please email pcarlson@kcsa.com with MNGA in the subject line.

About MagneGas Corporation

Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is the producer of MagneGas , a natural gas alternative and metal working fuel that can be made from certain industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.

For more information on MagneGas, please visit the Company's website at www.magnegas.com.

Joint House and Senate Science and Technology Committee of the State of Georgia

The Committee is responsible for legislation that promotes the appropriate and safe development and use of science and technological advances in the state. A copy of the agenda and presentation can be found here: http://1.usa.gov/13SWISx  

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. The Company is currently using new ethylene glycol to produce fuel until proper permits to process used liquid waste have been obtained.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,250.77 +93.92 0.55%
S&P 500 2,010.57 +9.00 0.45%
NASDAQ 4,592.74 +30.5510 0.67%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs