Monday, 13 October 2014

MagneGas Joint Venture Partner Files Comprehensive Co-Combustion Patent - 13/10/2014

MagneGas Joint Venture Partner Files Comprehensive Co-Combustion Patent

MagneGas Partner FuturEnergy of Australia Files Patent Utilizing MagneGas® Fuel in Co-Combustion
MagneGas Corporation, ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading technology company that counts among its inventions a technology that converts liquid waste into a hydrogen-based fuel, today announced that its partner, FuturEnergy Pty Ltd of Australia, submitted a pioneer patent on combusting coal emissions containing CO2 in a secondary post combustion chamber with MagneGas® fuel. The patent, 'Utilising synergistic mixture of fuel to produce energy and reduce emissions in boilers,' was filed with the Australian patent office based on a previously filed provisional patent. 
As previously announced, MagneGas Corporation and FuturEnergy Pty Ltd have formed a Joint Venture for the purpose of developing, licensing and commercializing new intellectual property for co-combustion of MagneGas fuels with hydrocarbon fuels to reduce emissions and increase energy. This agreement includes other current and future developments such as the combustion of MagneGas® with diesel, heavy oil, aviation fuels, and liquid petroleum gas.  The Joint Venture has licensed the use of its patent to a confidential partner in Michigan for the purpose of commercializing the technology for Coal Co-Combustion in the United States and Canada.  The data in the attached FuturEnergy press release was obtained through internal testing using MagneGas partners. The Company is in the process of independently verifying the data through a third-party research laboratory associated with a major utility.
A link to the FuturEnergy press release can be found here:
The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPad and at Google Play for Android mobile devices.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.