MNGA Magnegas Corporation featured news, full reports, and detailed charts
Magnegas Corporation (MNGA/MNGA.OB) Wrap Up:
Magnegas Corporation, a development stage enterprise, focuses on providing services in cleaning and converting contaminated waste. The company was founded in 2005 and is based in Tarpon Springs, Florida.Magnegas Corporation (MNGA:OTC Bulletin Board Market)
Snapshot of Magnegas Corporation (MNGA)
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OPEN
$0.18
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PREVIOUS CLOSE
$0.14
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DAY HIGH
$0.20
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DAY LOW
$0.15
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52 WEEK HIGH
06/17/09 - $0.51
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52 WEEK LOW
02/18/09 - $0.04
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MARKET CAP
17.2M
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AVERAGE VOLUME 3 mo
39.7K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
104.5M
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MNGA Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
MNGA Top Compensated Officers
Executives, Board Directors
Key developments for Magnegas Corporation (MNGA)
On October 14, 2009, MagneGas Corporation entered into a Strategic Alliance Agreement with Eprida Power and Life Sciences Company. The parties entered into the SAA in order to collaborate for the combined use of a MagneGas/EPRIDA system to potentially produce carbon-negative, oxygen-positive fuel, and by leveraging the two systems produce a top soil supporting amendment and other environmentally friendly byproducts. EPRIDA intends to present this combined platform to its customers around the world for purchase and to governmental agencies to obtain grant demonstration funding. With these EPRIDA intends to buy Plasma Arc FlowTM systems from MagneGas.
On October 5, 2009, Magnegas Corporation entered into a teaming agreement with Tetra Tech Inc. The parties entered into the agreement for the purpose of preparing and presenting joint marketing proposals for a Magnegas refinery and product use to the Department of Defense, the Department of Energy and local municipalities. The Agreement will terminate on October 1, 2010. Under the agreement, Tetra Tech shall act as the prime contractor and will be the only party to this agreement to submit proposals to the Clients and to negotiate prime contracts with the clients. The company will act as a sub-contractor. The award of a subcontract to the company is subject to the following conditions: a. Award to Tetra Tech of a prime contract by client for the project. b. Mutual agreement by the company of the price and terms and conditions of the Subcontract. Under the agreement, the company shall assist Tetra Tech in the preparation of the Proposal, as requested by Tetra Tech by supplying in a timely manner pertinent data including without limitation technical approach, understanding and resumes, facility information, company background and experience, necessary cost breakdown, data, hour availability, required certifications and other special requirements. The company shall reasonably support Tetra Tech in any written communication or presentations concerning the proposals.
Magnegas Corporation announced that it has secured additional access to the $680 million metal working fuel market through a fuel distribution agreement with York Welding Supply, its second such agreement in just the last 60 days. York will immediately begin selling MagneGas(TM), created from non-hazardous liquid waste, to their Pennsylvania customers through their office in York and to a territory that also includes Harrisburg, Lancaster and Reading. MagneGas(TM) exceeds all EPA air emission requirements and is a new green fuel technology for this market. York will submit purchase orders based on customer demand and sufficient to maintain inventory at its distribution center; York has already placed its first small order as its initial entry into the market.
MNGA Competitors
| Company | Last | Change |
| Airgas Inc | $47.05 USD | +0.14 |
| Startech Environmental Corp | $0.27 USD | +0.01 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MNGA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2,046.9x |
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| Price/Book | 40.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 2,076.4x |
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MNGA |
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MNGA transactions
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| No transactions in the last 6 months. | ||
More Recent News About Magnegas Corporation
More news for MNGA
MAGNEGAS CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation or Plan of Operation. Cautionary Notice Regarding Forward Looking Statements The information contained in Item 2 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this report. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report. We desire to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This filing contains a number of forward-looking statements which reflect management's current views and expectations with respect to our business, strategies, products, future results and events, and financial performance. All statements made in this filing other than statements of historical fact, including statements addressing operating performance, events, or developments which management expects or anticipates will or may occur in the future, including statements related to distributor channels, volume growth, revenues, profitability, new products, adequacy of funds from operations, statements expressing general optimism about future operating results, and non-historical information, are forward looking statements. In particular, the words "believe," "expect," "intend," "anticipate," "estimate," "may," variations of such words, and similar expressions identify forward-looking statements, but are not the exclusive means of ide...Click here to read the whole Article (external link)
ENVIROTEK Signs Strategic Alliance Partnership With Magnegas
COSTA MESA, CA--(Marketwire - 11/12/09) - ENVIROTEK (Pinksheets:ENTK - News) today announced the company signed a strategic alliance partnership agreement with Magnegas, a Florida-based publicly traded patented "Plasma" Gas, equipment designer and manufacturer. ENVIROTEK's Board of Directors today commented, the strategic alliance agreement with Magnegas allows the company to further provide additional alternative fuel and power solutions to their rapidly expanding "green" orientated customer database.ENVIROTEK President Robert Thompson stated, "The addition of the Magnegas patented 'Plasma' gas technology and equipment further enhances our expanding portfolio of 'Green' solutions in the manufacturing and production of 'Cleaner Air,' alternative fuels and Power, produced from raw materials such as Waste Oils, landfill Gases, Algae and other toxic hazardous waste materials."By using almost all of ENVIROTEK's strategic partnerships technologies, the end result is the transformation of waste materials to clean burning renewed energy and power, for use as Clean Burning Vehicle fuels, Including Bio-Diesel, Gasoline, and Jet Fuel and now Magnegas, a clean burning alternative to natural gas emitting oxygen and less emissions than fossil fuel through the vehicle's exhaust systems.ABOUT MAGNEGAS:Magnegas is Publicly Traded (OTC.BB:MNGA - ...Click here to read the whole Article (external link)
MagneGas Launches Equipment and Fuel Sales in Middle East Petroleum Countries
TAMPA, FL--(Marketwire - 11/10/09) - MagneGas Corporation ("MagneGas" or the "Company") (OTC.BB:MNGA - News), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that it has entered into a Strategic Alliance Agreement ("SAA") with Kuwait-based TIES International ("TIES"). The parties entered into the SAA in order to collaborate to sell MagneGas technology in Middle East petroleum countries, expressly for the purpose of converting sewage to clean water and fuel. Sewage represents a significant environmental threat in Kuwait and throughout the Middle East; TIES anticipates strong demand for MagneGas Refineries. TIES (www.TIES.com.kw) provides total engineering solutions for clients in the oil sector, power sector and wastewater sector. TIES will promote MagneGas Plasma Arc Flow� equipment, and provide all local engineering support. Additionally, MagneGas and TIES will further collaborate on establishing manufacturing facilities in the region."Kuwait has four major central sewage treatment plants, yet still environmental damage from excess sewage is borderline critical," stated Dr. Adnan Al Homoud, Chairman and Managing Director of TIES. "We believe that the MagneGas technology can help in solving this problem, especially when Kuwait adopts a regional treatment model in comin...Click here to read the whole Article (external link)
MAGNEGAS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Show all filings for MAGNEGAS CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MAGNEGAS CORP 9-Nov-2009Entry into a Material Definitive Agreement, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" f...Click here to read the whole Article (external link)
Danielle Ford of Emerging Green Companies Interviews Robert Thompson, President of ENVIROTEK Inc. From SEMA in Las Vegas
LAS VEGAS, NV--(Marketwire - 11/09/09) - EmergingGreenCompanies.com today announced it will be airing an exclusive interview done by Danielle Ford with Robert Thompson, President of ENVIROTEK Inc. (Pinksheets:ENTK - News) During this brief interview Mr. Thompson showed us an International MXT that his company is acquiring to market Biodiesel produced at one of the Extreme Biodiesel facilities located in California.Other key points of the interview were the mentioning of gaining controlling interest in Extreme Biodiesel, the conversion of an LOI in Las Vegas to an actual contract with deposit, and that ENVIROTEK is going to build a storefront as part of their website.Due to the time constraints on Mr. Thompson at the show, he has agreed to allow us to interview him in the coming weeks from the actual Biodiesel Refinery. We look forward to doing that soon.The interview can be viewed by clicking on the following link to the Emerging Green Companies Media page.http://emerginggreencompanies.com/home/?page_id=124To view this release in video format visit: ...Click here to read the whole Article (external link)
MAGNEGAS CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Emerging Green Companies Announces Coverage of ENVIROTEK Inc.
LAS VEGAS, NV--(Marketwire - 11/05/09) - EmergingGreenCompanies.com today announced it will be covering ENVIROTEK Inc. (Pinksheets:ENTK - News). Representatives from EmergingGreenCompanies.com have been in talks with Robert Thompson, President of ENVIROTEK, recently and have seen first hand how some of their proprietary technologies work. The representative stated, "ENVIROTEK has several technologies that are superior to what is out there right now, in fact they have proprietary technologies nobody has even heard of before."Plans are underway to conduct an interview with Robert Thompson this week. Once completed the interview will be immediately available on EmergingGreenCompanies.com's Media Section.ENVIROTEK currently is working with companies such as Biocentric Energy (Pinksheets:BEHL - News) and MagneGas (OTC.BB:MNGA - News) and has had some recent powerful press releas...Click here to read the whole Article (external link)
MagneGas Teams With Fellow Green Technology to Push Limits of Environmental Recovery Possibilities
TAMPA, FL--(Marketwire - 10/20/09) - MagneGas Corporation ("MagneGas" or the "Company") (OTC.BB:MNGA - News), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that it has entered into a Strategic Alliance Agreement ("SAA") with Atlanta, GA-based Eprida Power and Life Sciences Company ("EPRIDA") (www.eprida.com). The parties entered into the SAA in order to collaborate for the combined use of a MagneGas/EPRIDA system to potentially produce carbon-negative, oxygen-positive fuel*, and by leveraging the two systems produce a top soil supporting amendment and other environmentally friendly byproducts. EPRIDA's technology offers a unique bio-energy platform to transform biomass into a combination of sustainable products, most notably a charcoal-based fertilizer that removes carbon from the air and reintroduces it to depleted topsoil. In combination with MagneGas' Plasma Arc Flow� technology, the integrated platform could produce:1. A clean fuel whose production removes harmful carbon from the air, producing more oxygen than it consumes when burned.2. An environmentally friendly additive that regenerates exhausted topsoil and increases crop yield.EPRIDA intends to present this combined platform to its customers around the world for purchase and to governmental...Click here to read the whole Article (external link)
MAGNEGAS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
Show all filings for MAGNEGAS CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MAGNEGAS CORP 16-Oct-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not int...Click here to read the whole Article (external link)
MAGNEGAS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Show all filings for MAGNEGAS CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MAGNEGAS CORP 9-Oct-2009Entry into a Material Definitive Agreement, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" f...Click here to read the whole Article (external link)
