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May 24, 2011
Penny Stock Snapshot ....
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MagneGas Fuel Being Considered for Major US Navy Projects
Testing Underway at National Center for Manufacturing Sciences, Consultant to US Navy
(OTCBB: MNGA)
"This is the Holy Grail for an up-and-coming company as a government contract not only typically reaps significant revenue rewards in the near-term, but broadens the reach for potential sales exponentially in the future. The magnitude of this potential deal is off the charts. With nine components in its operating forces, the U.S. Navy is the largest in the world with its battle fleet tonnage being greater than that of the next 13 largest navies combined."
News Release | Quote & News
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MNGA Snapshot
Green products are now and will remain for the foreseeable future a hot commodity. If a company can manufacture a green product that outperforms traditional products, well, they’ve probably got a smash hit on their hands. Couple that with a way to eliminate waste on our planet and it’s a gold mine just waiting to be explored, but this is a true rarity as the combination is not just something that can be stumbled upon by an ordinary company. MagneGas Corporation (OTCBB:MNGA), however, has pulled-off the extraordinary feat with their MagneGas™, a natural gas alternative and metal working fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. Led by a Harvard and MIT physicist, MagneGas has a technology that provides a viable solution for the elimination of waste with virtually unlimited potential uses in the metal working, automobile and waste treatment industries to name just a few. The Company’s patented Plasma Arc Flow™ systems gasifies liquid wast,e, creating a clean burning fuel that is essentially interchangeable with natural gas, but with significantly lower greenhouse gas emissions. The environmental impact is less than any other major fuel source.
The Company has been generating momentum and establishing agreements with manufacturers and distributors regularly, which is leading to revenue streams and increased industry presence. A recent deal with industry leader J & M Cylinder Gases demonstrates the recognition and prowess that MagneGas now has. This relationship, as well as many others of a similar nature, shows the strategic business strategies that the MagneGas management is implementing to facilitate growth in both the long and short term.
MagneGas has an international footprint as well to complement their domestic sales pipeline. Their relationships in the Middle East and a Joint Venture in China has generated cash flow and established a global base to market their technology and products. The Company plans on continually increasing its share of markets which are forecast to generate revenues in excess of $325 billion worldwide in 2018. The U.S. metal-working industry alone generates approximately $1 billion a year in revenue presently with future projections being much higher.
Moreover, MagneGas announced earlier this month that it has successfully separated commercial-grade hydrogen from its MagneGas™ fuel, using common wastewater as the process feedstock. This represents a potentially significant milestone on the road to a true Hydrogen Economy: efficient, cost-effective hydrogen production from a 100% renewable source. For a Company with a paltry $23 million market cap, MagneGas contains a large upside, especially when an investor considers today’s news.
This afternoon, the Company disclosed that MagneGas™ fuel is being tested as an environmentally-friendly alternative for major US Navy metal cutting projects. The US Navy has tasked the National Center for Manufacturing Sciences with developing new methods to reduce emissions during the breakup and recycling of retiring vessels, including the nuclear aircraft carrier USS Enterprise. NCMS has identified MagneGas™ fuel as a “green” alternative available to the metal cutting market, and is currently testing it as a means to enhance compliance with air pollution and clean water requirements.
This is the Holy Grail for an up-and-coming company as a government contract not only typically reaps significant revenue rewards in the near-term, but broadens the reach for potential sales exponentially in the future. The magnitude of this potential deal is off the charts. With nine components in its operating forces, the U.S. Navy is the largest in the world with its battle fleet tonnage being greater than that of the next 13 largest navies combined. The Navy operates 290 ships, 3,700 aircraft, 50,000 non-combat vehicles and owns 75,200 buildings on 3,300,000 acres and is the midst of an initiative to cut its dependence on fossil fuels, which plays nicely into the hands of MagneGas and its very limited competition. Also not to be overlooked is the Secretary of the Navy’s relationship with the United States Marine Corps and potential “offspring” opportunities.
While it is early in testing, the facts are that MagneGas™ is a “green” product, burns hotter and cleaner and is less expensive to produce that traditional gases; in short, a superior product. Given its proven success in the marketplace currently, MagneGas could very well be in the catbird’s seat in vying for a government contract. As such, we encourage our members to immediately perform their due diligence and pay close attention to MagneGas Corporation (OTCBB:MNGA) while the value of a share is at opportunistic levels.
Read U.S. Navy Press Release.
OVERVIEW
Founded in 2007, Tampa-based MagneGas Corporation is the producer of MagneGas™, a natural gas alternative and metal working fuel that can be made from industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.
The Company's patented Plasma Arc Flow™ process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas™ can be used for metal working, cooking, heating, powering bi fuel automobiles and more.
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Corporate Information
- Exchange: OTCBB
- Market Cap: 24.3 Million
- Outstanding Shares: 128.3 Million
- Price: $0.189
- 52 Week Low / High: $0.07 / $0.34
- Information As Of May 24, 2011
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Useful Profile Links
- Company Website
- Recent News & Press Releases
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Forward Looking Statements
This report includes forward-looking statements that reflect MagneGas Corp. current expectations about its future results, performance, prospects and opportunities. MagneGas Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause MagneGas Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for MagneGas Corp. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
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