Boston, MA 05\/30\/2014 (wallstreetpr) \u2013\u00a0<\/b>MagneGas Corporation (NASDAQ:MNGA)<\/b>, a frontrunner technology and energy company that works on fructifying righteous conversion of liquid waste materials into hydrogen based fuel reserve, announced recently that it had filed a regulatory provisional patent to exquisitely blend myriad existing cutting fuels with MNGA to benefit the Metal Works Industry.<\/p>\n
MNGA Files A Patent For A Blended Gas<\/i><\/b><\/p>\n
The company seeks to better its efforts to broaden and strengthen its intellectual property, and hence filed for a provisional patent. This blend is deemed to improve cutting speed, regulate flame temperatures of propane, natural gas and other cutting fuels properly, by blending them with MagneGas Corporation (NASDAQ:MNGA). The company strongly feels that this blended gas mix shall feature well across the metal cutting markets and soon be used widespread.<\/p>\n
The VP\u2019s Voice<\/i><\/b><\/i><\/p>\n
Executive VP of MNGA, Terry Vernile reverted that Magnegas shall blend with other legacy cutting fuels and evolve as a mixture with high octane boost characteristic prominent at lower temperatures. MNGA demonstrated this tech-savvy blended measure in the AWISCO Annual Trade-Show on May 21, 2014.<\/p>\n
A Strong Q1 \u2013 Highlights<\/i><\/b><\/p>\n
MagneGas Corporation (NASDAQ:MNGA) reported that its revenues have propped up in Q1-2014 by a significant margin! Revenues have escalated from $130,840 in Q1-2013 to $191,601 in Q1-2014 \u2013 increasing by a whopping 46%, year-over-year! The company has also witnessed a voluminous drop in its operating expenses in the first quarter. Operating expenses dropped from $1,631,050 in Q1-2013 to $1,482,931 in Q1-2014. Further, MNGA\u2019s in-hand cash reserves have increased several folds; cash balance at the end of Q1 was $7,117,314, in comparison to a meek $216,523 in Q4-2013, depicting a significant range of growth and development took place throughout the first quarter in 2014.<\/p>\n
New Business Endeavors During Q1<\/i><\/b><\/p>\n
MNGA\u2019s business has witnessed a watershed in the last quarter as the company maneuvered a series of pacts with myriad firms! MNGA formed a subsidiary in the name of Joint Venture Company to pursue a co-combustion of MNGA\u2019s MagneGas with coal in the US and Canada belt, to garner better efficiency! On the same line, MNGA signed a pact with an Australian firm, FutureEnergy Pty Ltd.<\/p>\n
Capital Gains<\/i><\/b><\/p>\n
MagneGas Corporation (NASDAQ:MNGA) also unveiled its innovative liquid waste processing measure during a biomass conference held in March, 2014. Meanwhile, the company also completed its construction of the mobile gasification system in Kazakhstan. Moreover, MNGA raised $9,000,000 as capital from two offerings through an institutional investor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/30\/2014 (wallstreetpr) \u2013\u00a0MagneGas Corporation (NASDAQ:MNGA), a frontrunner technology and energy company that works on fructifying righteous conversion of liquid waste materials into hydrogen […]<\/p>\n","protected":false},"author":32,"featured_media":17802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[5411,2078],"stock_ticker":[],"class_list":["post-24127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-magnegas-corporation-nasdaqmnga","tag-nasdaqmnga","entry"],"acf":[],"yoast_head":"\n