Major Waste to Energy Company Completes MagneGas® Testing, Places Multiple Fuel Orders

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Previously Announced Demo for Waste to Energy Company Completed Successfully and Results in Multiple New Customer Orders

TAMPA, Fla., July 29, 2015 -- MagneGas Corporation ("MagneGas" or the "Company") (MNGA) , a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that a major waste to energy company, which previously viewed a demonstration of MagneGas® fuel for metal cutting, has placed multiple orders.

Company officials viewed a MagneGas demonstration in Florida and New Jersey and requested formal testing at their company headquarters.  Testing was successful and the Company has placed multiple orders of MagneGas® for metal cutting to begin roll-out of the product to their facilities. MagneGas® will be used as a replacement to acetylene for repairs and demolition. The waste to energy company has 45 facilities throughout the world that process large volumes of solid waste into renewable energy.  The company is publicly traded on the NYSE, with a market value of over $2 billion. Their name is being held confidential until completion of the roll out.

"This is just another example of the execution on our strategy to attract marquee customers that can have a significant impact on revenue as our product rolls out to multiple locations.  As with other customers of this size, the testing and demonstration took time, but in the end they saw the benefits of MagneGas for metal cutting. These initial orders have been filled and we look forward to supplying several other locations," commented Ermanno Santilli, CEO of MagneGas Corporation.

About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (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.

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.

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.

 

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Companies

Symbol Name Price Change % Volume
MNGA MagneGas Corporation 0.47 0.02 4.33 346,920

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