Market Pulse Breaking News Alert for Thursday, May 14, 2009: MNGA -- MagneGas Corp. Continues International Expansion With Israe
14 5월 2009 - 9:30PM
Marketwired
Market Pulse News Alert for this AM, Stocks to Watch are: MagneGas
Corporation (OTCBB: MNGA), Vanda Pharmaceuticals Inc. (NASDAQ:
VNDA), Bank of America Corporation (NYSE: BAC) and Advanced Cell
Technology Inc. (PINKSHEETS: ACTC).
Investors need to be watching MagneGas Corporation (OTCBB: MNGA)
this AM! MagneGas Corporation is the producer of MagneGas(TM), 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 technology Plasma Arc
Flow(TM) process gasifies liquid waste, creating a clean burning
fuel that is essentially interchangeable with natural gas, but with
lower green house gas emissions. MagneGas(TM) can be used for metal
cutting, cooking, heating or powering bi-fuel automobiles. The
metal cutting market provides immediate sales opportunities. The
technology is based in flowing the liquid waste through a submerged
electric arc between coal electrodes. The arc decomposes the liquid
molecules into atoms and forms a plasma around the tips of the
electrodes at about 10,000 F to create MagneGas and other useful
byproducts. Preliminary analysis has shown that the power generated
from Wind Turbines has the ability to create a fuel through the
Plasma Arc Flow refinery. MagneGas Corporation is currently seeking
to form partnerships with existing Wind power companies to further
explore the synergies of the two processes. MagneGas Corporation
recently signed an agreement to purchase 12.5% of India-based Jeruz
MagneGas, Pvt. Limited, the exclusive licensee of the MagneGas(TM)
Technology for India, Pakistan, Bangladesh and Sri Lanka. As part
of the transaction, MagneGas Corporation has also secured the
rights to 5% royalties on all eventual sales of MagneGas(TM)
equipment manufactured by Jeruz. MagneGas Corporation also recently
announced that it had received a request from the city of Dunedin,
Florida to conduct on site plant scale testing to convert municipal
bio-solids into fuel. The test successfully converted city sludge
to MagneGas(TM) fuel and provides the template for a national
roll-out. MagneGas Corporation has taken an important commercial
step forward with the signing of its first manufacturer's rep
agreement. The agreement with Pennsylvania-based George KELSO
Company, LLC immediately opens an equipment sales channel to much
of the Mid-Atlantic Region, including southern New Jersey, eastern
Pennsylvania, Maryland, Delaware, Washington D.C. and its five
surrounding counties. KELSO Company's first goal is to locate grant
funding to establish a MagneGas demonstration center in their
territory converting Sewage or Sludge to MagneGas. MagneGas
Corporation consists of Nobel Prize-nominated scientific leadership
that is coupled with decades of industrial/specialty gas
distribution expertise. MagneGas Corporation is poised to become a
significant player in the $680 million metal cutting market! MNGA
just had excellent news out in a press release before today's
opening bell announcing that the company continues its
international expansion with its Israel acquisition! The company
also announced it received a $1 million equipment order!! Investors
should be watching this one closely!
MagneGas Corporation (OTCBB: MNGA), a producer of a metal
cutting fuel and natural gas alternative made from liquid waste,
announced today that it has acquired 20% interest in MagneGas
Israel, LLC, the exclusive owner of MagneGas(TM) Technology
intellectual property rights for Israel. MagneGas Israel granted
MagneGas Corp. this ownership interest in exchange for preferential
pricing on equipment and services.
Subsequent to the ownership transaction, MagneGas Israel
committed to purchasing from MagneGas Corp. a MagneGas(TM) Refinery
for $1 million in cash. MagneGas Israel intends to utilize the
refinery to convert sewage to irrigation water and
MagneGas(TM).
The asset purchase agreement is conditional on MagneGas Israel
securing sufficient funding and completing the purchase on or
before October 31, 2009.
"Our goal is to implement the MagneGas(TM) Technology in Israel
and provide immediate environmental solutions for city sewage, farm
and industrial waste, while creating a clean burning fuel," stated
MagneGas Israel CEO Prof. Pinchas Mandell. "In treating sewage we
expect to provide badly needed irrigation water, especially in
light of our severe drought and the disaster looming if this issue
is not quickly resolved. Commercially, MagneGas Israel will
separate the hydrogen from MagneGas(TM) and pursue the hydrogen
market, while also selling fuel for metal cutting and cooking."
"Few countries in the world have a greater need for clean water
and fuel independence than does Israel," commented MagneGas Corp.
President Richard Connelly. "We are very pleased to contribute to
those goals, and likewise excited to have a significant stake in
the commercial upside of the MagneGas(TM) Technology in
Israel."
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 is the
producer of MagneGas(TM), 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 Flow(TM) process gasifies liquid waste,
creating a clean burning fuel that is essentially interchangeable
with natural gas, but with lower green house gas emissions.
MagneGas(TM) can be used for metal cutting, cooking, heating or
powering bi fuel automobiles.
Stocks in the news and acting well as of late include: Vanda
Pharmaceuticals Inc. (NASDAQ: VNDA), Bank of America Corporation
(NYSE: BAC) and Advanced Cell Technology Inc. (PINKSHEETS:
ACTC).
Information contained herein is the opinion of Market-Pulse.com
("MP") and is intended to be used strictly for informational
purposes. You should be aware that MP attempts to assure itself of
the accuracy of the information contained in the analyses it
publishes. In this regard, MP does, at times, rely on the accuracy
of information supplied to it by the companies which are the
subject of MP's analyses and/or parties related to those companies.
MP also relies on the accuracy and integrity of information that is
contained in company press releases and reports filed with the SEC.
The companies mentioned in this publication have not approved the
content or timing of the information being published unless
otherwise noted.
MP, because it relies on information supplied by various third
parties disclaims any responsibility for the accuracy of such
information. Any investor considering making an investment in any
security which has been the subject of a MP analysis or opinion
should, before making any such investment, consult with his/her
market professional and/or do his/her own independent research
regarding the company which is the subject of an MP opinion,
recommendation or analysis. Information regarding companies which
MP has opined upon is normally available from many sources
including the subject company's filings with the SEC and various
press releases issued by the company.
You should be aware that MP is often compensated for issuing
analyses, recommendations or opinions concerning particular
companies. Its opinion is therefore not unbiased and you should
consider this factor when evaluating MP's statements regarding a
company. MP has been compensated two thousand dollars from MagneGas
Corporation. In addition, MP was also compensated two hundred fifty
thousand restricted shares of MagneGas Corporation by the company.
MP's officers and directors reserve the right to buy additional
shares of the companies discussed in this opinion and may profit in
the event those shares rise in value. When MP receives shares as
compensation for a profiled company, MP may sell part or all of any
such shares during the period in which MP is performing such
services. Market-Pulse.com and Market Pulse Breaking News Alert are
owned by Market Pulse LLC.
Contact: Market Pulse 800.290.8935 Email Contact
Vanda Pharmaceuticals (NASDAQ:VNDA)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Vanda Pharmaceuticals (NASDAQ:VNDA)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024