The official press release outlet of Inside Oil and Gas business to business magazine. Do you have a press release that you want featured here? Get in contact!
Tuesday, 18 November 2014
MagneGas® Files Patent and Trademark on Venturi™ Gasifier Design - 18/11/2014
MagneGas® Files Patent and Trademark on Venturi™ Gasifier Design
MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that it has filed a patent and trademark on the 3rd generation Venturi™gasification systems.
This latest patent and trademark is part of the Company's effort to strengthen and broaden its intellectual and trademark property. In this case the application relates to new production methods and designs required to produce gas from high carbon liquid wastes. This innovative design is what is being used to produce the new MagneGas2® fuel which was launched into the market earlier in 2014.
"Our new Venturi™ gasification system design has can be used in gasification and sterilization operating modes, making it the new generation of units for the Company," stated Ermanno Santilli, CEO of MagneGas. "We feel that MagneGas2 produced by our Venturi™ system is not only superior to any other cutting gas on the market but is also the only renewable cutting fuel available. Due to the high level of interest in our new fuel, we felt it critical to protect the Company's intellectual property related this new fuel production."