Tampa, Florida – March 24, 2009 – MagneGas Corporation (“MagneGas” or the “Company”) (OTC BB: MNGA), a producer of a metal cutting fuel and natural gas alternative made from liquid waste, announced today that MagneGas CEO and Chief Scientist Dr. Ruggero Santilli was recently awarded the 2009 “Gold Prize Mediterraneo” for Science and Technology.
Dr. Santilli received the award after completing a series of lectures and panel discussions in Italy on the mathematics and physics underlying the MagneGasTM technology. According to awarding body Fondazione Mediterraneo (the Mediterranean Foundation), “The 2009 Mediterraneo Prize is awarded to Prof. Santilli for his scientific discoveries and for his advances in mathematics, physics and chemistry that have made possible the development of new technologies for the benefit of a new and sustainable environment.”
The Prize Mediterraneo is awarded each year to leaders in various areas of science, medicine and social causes. Previous honorees include Price Albert of Monaco, France President Nicolas Sarkozy, King Juan Carlos of Spain, international architect Renzo Piano and others.
Considered one of the world’s most prestigious awards, the Prize Mediterraneo receives significant media attention; Dr. Santilli’s lectures and subsequent recognition were the subject of three feature articles in major Italian daily newspapers, and the Italian TV station Il Denaro conducted a half hour interview with Dr. Santilli as part of their esteemed and popular program ”Science and Technology”.
“I am both honored and humbled to receive the 2009 ‘Gold Prize Mediterraneo’ for Science and Technology,” stated Dr. Santilli. “I accept this important award in the name of all mathematicians, physicists, chemists, industrialists and technicians whose effort permitted the birth of the new sciences underlying the MagneGasTM technology.”
Full details on the award will be published shortly on the Foundation’s Website, accessible via the following link: www.euromedi.org/inglese/home/azioni... .
To be added to the MagneGas investor email list, please email justin.davis@cirrusfc.com with MNGA in the subject line.
About MagneGas Corporation Founded in 2007, Tampa-based MagneGas Corporation (OTC BB: MNGA) is the producer of MagneGasTM, a natural gas alternative and metal cutting fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The Company’s patented Plasma Arc FlowTM process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with significantly lower green house gas emissions. MagneGasTM can be used for metal cutting, cooking, heating or powering bio fuel automobiles.
CONTACT:
Cirrus Financial Communications, LLC Justin K. Davis
(866) 330-MNGA (6642)
Justin.Davis@cirrusfc.com
www.cirrusfc.com
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.
# # #
