SOURCE: MagneGas Corp.

MagneGas Corp.

February 24, 2010 09:00 ET

MagneGas Demonstrates Potential for Industrial Fuel Application With Successful Forklift Conversion Test

MagneGas™ Proven Much Cleaner than Propane in Live Test, Indicates Future Opportunity as Complement to Metal Working Market

TAMPA, FL--(Marketwire - February 24, 2010) -   MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that the emissions from MagneGas™ are lower than that of propane in live industrial fuel use, indicating a second potential application for its fuel in the future.

The Company converted a standard propane forklift to MagneGas™ and compared its emissions during normal operations against those measured while propane was in use. Across all primary metrics, MagneGas™ proved to be markedly superior (please see below for a numerical comparison). Additionally encouraging was the ease of conversion -- the Company had only to replace the pressure tank, lines, regulator and gauges to comparably fuel the forklift; all other remaining engine components remained the same. The same MagneGas™ used for the metal working market can be used for forklifts and other automotive applications, allowing industrial and manufacturing facilities to use MagneGas™ for several different uses with significantly cleaner emissions.

"While we must first achieve fuel production economies of scale to actively pursue the industrial fuel application, we have achieved a watershed moment in demonstrating that MagneGas™ burns demonstrably cleaner than propane -- a fuel already considered to be a 'cleaner' option," stated MagneGas President Richard Connelly. "This successful environmental impact analysis opens to us a market equal to or greater than the metal working industry. While metal working remains for now our primary pursuit, we have the proof necessary to actively develop our fuel as an alternative to propane across industrial fuel applications."

Emissions Comparison -- Propane vs. MagneGas™(1)

Hydrocarbons: Propane - 3,017 parts per million (PPM); MagneGas™ - 3 PPM

Carbon Monoxide: Propane - 0.29%; MagneGas™ - 0.01%

Oxygen: Propane - 12.1%; MagneGas™ - 15.3%

Carbon Dioxide: Propane - 6.4%; MagneGas™ - 3.8%

Oxides of Nitrogen: Propane - 511 PPM; MagneGas™ - 46 PPM

To be added to the MagneGas investor email list, please email justin.davis@cirrusfc.com with MNGA in the subject line.

About MagneGas Corporation (www.magnegas.com)
Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas™, a natural gas alternative and metal working fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The Company's patented Plasma Arc Flow™ process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas™ can be used for metal cutting, cooking, heating or powering bi fuel automobiles.

(1) Without use of catalytic converter; under proper combustion MagneGas™ contains no appreciable Carbon Monoxide.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events 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 safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. 

Contact Information