Oct 13 2008
MagneGas Corporation, approved to be quoted on the Over the Counter Bulletin Board on September 30, 2008, announces that it has signed an exclusive and all-encompassing license with HyFuels, Inc. for the MagneGas Technology for North, South, Central America and the Caribbean Islands. This intellectual property consists of all relevant present and future patents, patent applications, trademarks and domain names. The license also includes an exclusive option for the purchase of all related patents, patent applications and intellectual property.
MagneGas is a cost competitive, clean-burning natural gas alternative made from liquid waste. The patented Plasma Arc Flow™ system gasifies liquid waste such as sewage, sludge, manure and certain industrial and oil-based liquid wastes. The development of this cost competitive fuel is the result of the hard work of former Harvard scientist Ruggero Santilli.
“We are extremely excited about this technology. We can now create our own fuel while we recycle liquid waste,” Dr. Santilli says. “Today’s gas prices are a clear sign why we need to start looking seriously at alternative fuel sources like MagneGas.”
The Plasma Arc Flow refinery uses a patented electrical process to decompose the liquid waste molecules into atoms, and the atoms are then recombined into MagneGas. The system creates this hydrogen-based natural gas alternative, which can power bi-fuel cars running on natural gas, cooking grills, industrial equipment, and homes. It is also an ideal metal cutting and welding fuel that independent users rate as more precise and effective than other metal cutting fuels on the market today. MagneGas exhaust has been independently certified to surpass all E.P.A. requirements without a catalytic converter, making it dramatically cleaner then fossil fuel.