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Friday, 08/18/2017 11:30:03 AM

Friday, August 18, 2017 11:30:03 AM

Post# of 12668
STRONG BUY ALERT! ($1.20 today at closing ) Ermanno Santilli, Chief Executive Officer of MagneGas, stated, "We experienced a 50.1% increase in metal cutting fuel revenue in the second quarter of 2017 versus the same period last year.

As an example of our success, our Sarasota, Florida location, opened in January of this year, is on pace to generate over $1 million in annualized revenue within the coming quarters.

As a result, we see a clear path to profitability through continued organic growth, accretive acquisitions, reduction in our production costs, and careful management of our expenses," added Mr. Santilli.
"Through the introduction of butanol as a feedstock and further procedural and equipment improvements, our production rates have increased over 150% with a 50% reduction in production costs.

"In June, we were awarded a grant from the United States Department of Agriculture (USDA) to accelerate commercialization of the Company's plasma arc Venturi® sterilization system for the treatment of pathogens and nutrients found in animal biosolid wastes.

We are now advancing a number of additional sterilization projects we have been developing in the U.S., Europe, Latin America and Asia.

"In July, we were awarded an important patent by the US Patent and Trademark Office related to use of our technology to increase the energy density of fuels or as an additive to current fuels.

We also announced that we have filed a provisional patent application on our next-generation gasification system. The provisional patent application entails the use of a plasma arc in conjunction with certain fluids and powdered materials such as coal, plastics, and potentially the Company's primary feedstock, butanol.
http://ih.advfn.com/p.php?pid=nmona&article=75477505

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