NASDAQ MKT: MNGA
52 Week Range ($US): 0.40 - 2.45
Market Capitalization ($US): 39.19M
About MagneGas Corp.
MagneGas Corp (NASDAQ: MNGA) is a U.S.-based alternative energy company founded in 2007 by Dr. Ruggero Santilli, a former Harvard and MIT scientist. Using a knowledge base of 30+ years of research and development, the Company has developed a patented gasification system which produces highly efficient and cheap hydrogen-based energy called MagneGas from a variety of feedstock. This patented process has multiple applications as an industrial gas in metal working, sterilization, and co-combustion.
Industrial Gas Application
MagneGas is the superior product in the metal working industry. MNGA&aspo;s product has been independently verified by the City College of New York to reach 10,500 F and has just finished its final stage of testing with the United States Navy in a side by side comparison against six other cutting methods including plasma, laser and propylene. MNGA hydrogen-based gas is positioned to beat out competitive metal working fuel source, Acetylene valued at over $5 billion. At the 2014 Ironworkers Instructor Training Program held in Ann Arbor, Michigan, independent tests on track- based cutting systems showed that, in comparison to acetylene, MagneGas had 38% faster cutting speeds on 2" carbon steel and about a 34% reduction in oxygen consumption. MagneGas showed even better results when compared to propane. MagneGas is cheaper, safer and more efficient than competitor fuel sources and is on track to capture this billion dollar industry. MNGA has already built 7 refiners to date and is driving direct retail strategies throughout Florida and national channels. MagneGas is engaging with the largest companies in Industrial Gas distribution worldwide while also developing niche markets like the Fire and Rescue market where rescue personal value the safety, stability and speed of cutting which MagneGas provides.
MNGA&aspo;s patented process of gasification as well has tremendous potential in the sterilization market. Using the patented Plasma Arc ThroughTM technology MagneGas sterilizes quickly and efficiently. The system can convert agricultural, municipal, or industrial waste into irrigation water or fertilizer which exceeds EU standards. Countries like Brazil, Costa Rica, South Korea and others have begun active discussions with MNGA to implement sterilization projects in their country. MNGAís system of waste disposal would reduce disposal cost by 50% per ton making their system very economical. MNGA is as well in the negotiation phase with GM Testing to pilot several programs.
The extremely efficient nature of MagneGas is as well being applied to the co-combustion of other fuels. The higher the temperature, the more complete the combustion of the fuel and the cleaner the emissions. When MagneGas is used to co-combust other fuels, CO2 is reduced by 30-40%, heat is increased by 50-100% and particulates are virtually eliminated. If MagneGas were used to co-combust coal, revenue per plant would increase by $4 million and negative environmental impacts would significantly decrease. MNGA has signed a contract with a leading technical university working with Pratt & Whitney, GE & Siemens and is also working with a regional utility and confidential partner. MNGA is as well negotiating contracts for testing with local partner and the National Agency for Alternative Energy.
Positioned to Deliver
MNGA is poised for growth with major upcoming catalyst, strong balance sheet, and highly scalable business model. MNGA has the balance sheet to continue innovative developments with working capital of $8,549,154 and no long- term debt. Revenues for the three months ended March 31, 2014 increased 46% over the same previous period, operating expenses decreased and the ending cash balance increased to $7,117,314 on March 31, 2014 versus $216,523 on December 31, 2013.MNGA will be one of the best positioned industrial gas sources for metal working as the price of competitive sources continue to increase. MNGA is the only energy producer in the world which can deliver such extreme temperatures in a safe and reliable fashion. Governmental agencies across the world have verified the application of MNGAís products as an industrial gas, sterilizing agent and means to co-combust other fuels.
Emerging Markets Consulting, LLC.
126 S. Bumby Avenue, Suite A
Orlando, Florida 32803
50 Rainville Rd
Tarpon Springs, FL 34689
Fax: (727) 934-6260
Ermanno P. Santilli
Chief Executive Officer, Interim President
Mr. Santilli has invested over 15 years with Fortune 500 brands such as Club Car, Bobcat, Thermo King, and Trane at Ingersoll Rand Company. He successfully stewarded global and international businesses with diverse teams of sales, marketing, engineering, sourcing, finance, and distribution. After graduating with a Bachelors of Science Degree from the prestigious Boston College Carroll School of Management, Mr. Santilli obtained a Masters of Business Administration from the Indiana University Kelley School of Management. More recently, Mr. Santilli founded MagneGas Europe where he became an expert in the MagneGas technology and business model and its various applications.
Chief Financial Officer, Director, Secretary
Luisa Ingargiola graduated in 1989 from Boston University with a Bachelor Degree in Business Administration and a concentration in Finance. In 1996 she received her Master’s Degree from the University of South Florida. In 1990 she joined Boston Capital Partners as an Investment Advisor in their Limited Partnership Division. In this capacity, she worked with investors and partners to report investment results, file tax forms and recommend investments. In 1992 she joined MetLife Insurance Company as a Budget and Expense Manager. In this capacity she managed a $30 million dollar annual budget. Her responsibilities included budget implementation, expense and variance analysis and financial reporting.
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