MagneGas® Signs Agreement with Georgia Tech

                 MagneGas® Signs Agreement with Georgia Tech

One of the Leading Public Research Universities Signs a Contract with
MagneGas®

PR Newswire

TAMPA, Fla., July 24,2014

TAMPA, Fla., July 24,2014 /PRNewswire/ --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 signed a contract with Georgia Institute of
Technology, one of the nation's leading public research universities and the
combustion laboratory for Rolls Royce, Pratt & Whitney and Siemens.

"We are very excited to be working with one of the most advanced combustion
labs in the world," stated Ermanno Santilli, CEO of MagneGas. "We are
confident this is the start of a productive relationship to certify our
products and technology."

The MagneGas IR App is now available for free in Apple's App Store for the
iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk
for Android mobile devices.

To be added to the MagneGas investor email list, please email
pcarlson@kcsa.com with MNGA in the subject line.

About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is a
technology Company that counts among its inventions, a patented process that
converts liquid waste into hydrogen based fuels. The Company currently sells
MagneGas® into the metal working market as a replacement to acetylene. It is
also selling equipment for the sterilization of bio-contaminated liquid waste
for various industrial and agricultural markets. In addition, the Company is
developing a variety of ancillary uses for MagneGas® fuels utilizing its high
flame temperature for co-combustion of hydrocarbon fuels and other advanced
applications. For more information on MagneGas®, please visit the Company's
website at www.MagneGas.com.

About Georgia Tech
The Georgia Institute of Technology is one of the nation's leading public
research universities, and has been an innovation engine since its founding in
1885. Groundbreaking research is underway in research institutes, centers and
laboratories spanning the campus, inspiring game-changing ideas and new
technologies that will help drive economic growth, while improving human life
on a global scale. http://www.gatech.edu

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements as defined within
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements relate to
future events, including our ability to raise capital, or to our future
financial performance, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied
by these forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond our control
and which could, and likely will, materially affect actual results, levels of
activity, performance or achievements. Any forward-looking statement reflects
our current views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume no obligation to
publicly update or revise these forward-looking statements for any reason, or
to update the reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new information
becomes available in the future. The Company is currently using new ethylene
glycol to produce fuel until proper permits to process used liquid waste have
been obtained.

For a discussion of these risks and uncertainties, please see our filings with
the Securities and Exchange Commission. Our public filings with the SEC are
available from commercial document retrieval services and at the website
maintained by the SEC at http://www.sec.gov.

SOURCE MagneGas Corporation

Website: http://www.magnegas.com
Contact: KCSA Strategic Communications, Philip Carlson, +1 212.896.1233,
pcarlson@kcsa.com, or Vincent Piazza, +1 212.896.1289, vpiazza@kcsa.com
 
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