MagneGas Corporation (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that it has signed a contract with Georgia Institute of Technology, one of the nation’s leading public research universities and the combustion laboratory for Rolls Royce, Pratt & Whitney and Siemens.
“We are very excited to be working with one of the most advanced combustion labs in the world,” stated Ermanno Santilli, CEO of MagneGas. “We are confident this is the start of a productive relationship to certify our products and technology.”
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.
About Georgia Tech
The Georgia Institute of Technology is one of the nation’s leading public research universities, and has been an innovation engine since its founding in 1885. Groundbreaking research is underway in research institutes, centers and laboratories spanning the campus, inspiring game-changing ideas and new technologies that will help drive economic growth, while improving human life on a global scale.