f8k101409_magnegas.htm
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________
 
FORM 8-K
___________
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):   October 14, 2009

MagneGas Corporation
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

Delaware
26-0250418
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
   
 150 Rainville Rd
Tarpon Springs, FL 34689
34689
(Address of principal executive offices)
(Zip Code)
 
(Former name, former address, if changed since last report)
 
(727) 934-3448
 (ISSUER TELEPHONE NUMBER)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 

 
Item 1.01 Entry into a Material Teaming Agreement
 
On October 14, 2009, MagneGas Corporation (the “Company”), entered into a Strategic Alliance Agreement (“SAA”) with Atlanta, GA-based Eprida Power and Life Sciences Company (“EPRIDA”). 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 (i.e. U.S. Departments of Energy, Agriculture, EPA, Interior) to obtain grant demonstration funding. With these EPRIDA intends to buy Plasma Arc FlowTM systems from MagneGas.
 
Responsibilities of Strategic Alliance:
 
1) The Company will provide technical know-how and related support regarding the Magnegas Technology, its byproducts and use thereof.
 
2) EPRIDA will provide technical know-how and related support regarding the EPRIDA Technology, its byproducts and use thereof.
 
The Company and EPRIDA can withdraw from this agreement at any time.
 
Item 9.01 Financial Statements and Exhibits
 
 
a)     
Not applicable.
 
b)
Not applicable.
 
c) 
Not applicable.
 
d)   
Exhibits:
     
NUMBER
  
EXHIBIT
  
     
10.1
  
Strategic Alliance Agreement
  
 
 
 
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
MagneGas Corporation
   
   
Dated:  October 16, 2009
/s/ Dr. Ruggero Maria Santilli
 
Dr. Ruggero Maria Santilli
 
Chief Executive Officer