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MagneGas Strengthens Management Team And Board Of Directors With Industry Experts

"My work at MagneGas has been one of the greatest adventures of my life. However, I feel that the MagneGas technology has reached its utmost industrial maturity and is ready to achieve worldwide success.  It is with sincere regret that I am leaving.  However, I have been called to pursue research in advanced areas of fusion without harmful radiation.  I will always remain available to MagneGas Corporation for any further development related to advancing the technology," stated Dr. Santilli.

Since 2012 Dr. Santilli has been working with his protege who is now being appointed as Chief Scientist:

YUN YANG – CHIEF SCIENTIST: Dr. Yun Yang is one of the world's leading experts in Plasma Technology and has been working with Dr. Santilli since 2012.  He was a Senior Research Engineer at Atlantic Hydrogen, Inc., which develops ways to reduce greenhouse gas emissions connected to natural gas production, from 2005 until 2012.  From 2002 until 2004, Dr. Yang was a Post Doctoral and Research Associate at Wolfson School of Mechanical and Manufacture Engineering at Loughborough University.  From 1993 to 1998, Dr. Yang was a Research Fellow at Institute of Mechanics at the Chinese Academy of Sciences.  Dr. Yang holds a Ph.D in experimental Plasma Physics from Ernst-Moritz-Arndt University, a Master of Mathematics and Mechanics in Engineering from Beijing Science & Technology University, and a Bachelor of Science in Physics from Yunnan University.

Following the amicable departure of Dr. Santilli as Chairman, MagneGas today announces the appointment of three new independent directors to the Board with strategic experiences in target industries:

ROBERT DINGESS – INTERIM CHAIRMAN: Mr. Robert L. Dingess has extensive experience in managing franchise operations.  He was the Chief Executive Officer of Ideal Management Services, Inc., d/b/a Ideal Image Central Florida, a laser hair removal company, since April, 2004. From 1992 to 2002, Mr. Dingess served as the Chief Executive and owner of Dingess & Associates, Inc., a healthcare consulting and management company.  From 1986 to 1992, Mr. Dingess was a partner in Ernst & Young's Southeast Region Healthcare Operations Business Officer Practice, where he advised over 200 healthcare clients.  Mr. Dingess holds a Master of Business Administration from Virginia Commonwealth University and a Bachelor of Business Administration from Marshall University.

WILLIAM STAUNTON – DIRECTOR: Mr. William W. Staunton III brings extensive experience in the semi-conductor industry, with specific background in Military and Space Contracting. Mr. Staunton has been the President of Accel–RF Corporation, a provider of RF Reliability Test Systems for compound semiconductor devices since 2012.  In 2011, Mr. Staunton founded Kokua Executives, LLC, which provides guidance and interim executive level-leadership to companies.  From 2000 to 2011, Mr. Staunton served as the Chief Executive Officer and a Director of Ramtron International Corporation, which designs, develops and markets specialized semiconductor memory, microcontroller, and integrated semiconductor solutions.  From March 1999 until December 2000, Mr. Staunton served as Chief Operating Officer of Maxwell Technologies, which designs and manufactures multi-chip modules and board products for commercial satellite applications. Previously, Mr. Staunton was executive vice president of Valor Electronics Inc. from April 1996 until February 1999.  Mr. Staunton holds a Bachelor of Science degree in electrical engineering from Utah State University. 

JOE STONE – DIRECTOR: Mr. Joe C. Stone has an extensive background in the oil and gas industry.  He has been a partner at Pace Petroleum, LLC since 2006, a private oil and natural gas company.   From 2000 to 2006, Mr. Stone was a Senior Vice President of Global Mergers and Acquisitions at the financial services firm of Lehman Brothers.  From 1996 until 2000, Mr. Stone was a Vice President in Investment Banking at Deutsche Banc Alex. Brown.  Additionally, Mr. Stone was a Manager in Audit and Business Advisory Services at Price Waterhouse from 1991 until 1996.  Mr. Stone holds a Master of Business Administration from McCombs School of Business, University of Texas, and a Bachelor of Business Administration in accounting from Baylor University.

In addition, MagneGas Corporation has added the following new Vice President of Industrial Gas Sales, with extensive background in the metal working market:

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