$MNGA News - MagneGas Fuel Selected to be Part of $100 Million Kennedy Space Center Project; First Purchase Order Received

Two Year, $100 Million Project Will be to Modify the Vehicle Assembly Building for the Space Launch System - TAMPA, Florida, - (http://www.financialnewsmedia.com) - MagneGas Corporation (NASDAQ: MNGA)(\"MagneGas\" or the \"Company\") an award winning technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2 fuel, announced today that a lead sub-contractor for a major Kennedy Space Center build-out project has placed their first order for MagneGas2 fuel. The fuel will be used for the metal cutting portion of the project which is anticipated to be significant.



S&R Enterprises LLC, a lead sub-contractor for the $100 + million Kennedy Space Center project that will last approximately 2 years, was first introduced to MagneGas about 3 weeks ago during a demonstration arranged by a MagneGas partner, Suwannee Ironworks. Suwannee is MagneGas\'s partner in a MagneGas subsidiary, ESSI of North Florida. ESSI is an industrial supply, gases and safety supplies & products provider.



Immediately after the demonstration, S&R chose to switch to MagneGas2 and requested pricing and training for its personnel (and eventually its sub-contractors). In addition, S&R also chose to purchase their other welding supplies from the Company showing once again that MagneGas2 is a unique differentiator and catalyst for growth in the Industrial Gas Sector.



Josh Collins, Sr. Project Manager of S&R stated: \"The demonstration clearly showed us that MagneGas should be our fuel of choice on this, and other, projects. The faster cutting speed and smaller heat affected zone, demonstrated safety attributes and its eco-friendly aspects won us over. We also realized that MagneGas could add dollars to our bottom line, due to the faster speed of the cut, increased productivity, less fuel required - all of which could result in a quicker, less costly completion date!\"



\"We are extremely excited to begin working at the Kennedy Space Center, the addition of this fantastic organization to our military, fire & rescue and other marquis corporate customers opens up opportunities in aerospace which is constantly driven to the cutting edge of processes, materials and innovation,\" stated Ermanno Santilli, CEO of MagneGas Corporation. \"We also plan on leveraging this new relationship to...