Attached files
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| EX-10.1 - STRATEGIC ALLIANCE AGREEMENT - TARONIS TECHNOLOGIES, INC. | f8k102909ex10_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 29,
2009
MagneGas
Corporation
(EXACT
NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
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Delaware
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26-0250418
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(State
or other jurisdiction of
incorporation
or organization)
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(I.R.S.
Employer Identification No.)
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150 Rainville
Rd
Tarpon
Springs, FL 34689
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34689
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(Address
of principal executive offices)
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(Zip
Code)
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(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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Item
1.01 Entry into a Material Definitive Agreement
On
October 29, 2009, MagneGas Corporation (the “Company”), entered into a Strategic
Alliance Agreement (“SAA”) with Kuwait based, TIES International (TIES). The
purpose of the SAA is to allow TIES and MNGA to enter into a collaboration for
promotion of the technology in the Middle East.
The focus
of promotion will be in two main markets. The first market is the conversion of
sewage to clean water and fuel. The second market is the conversion of refinery
oil waste to Magnegas or hydrogen.
MNGA and
TIES agree to the following:
a) MNGA
will provide the technical know-how and related support regarding the Magnegas
Technology, its byproducts and use thereof
b) TIES
will provide the local promotional and engineering support.
The scope
of the alliance is to sell Plasma Arc Flow equipment and byproducts in the
Middle East.
The
Company and TIES can withdraw from this agreement at any time.
Item
9.01 Financial Statements and Exhibits
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a)
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Not
applicable.
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|||||
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b)
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Not
applicable.
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c)
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Not
applicable.
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d)
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Exhibits:
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NUMBER
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EXHIBIT
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|||||
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10.1
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Strategic
Alliance Agreement
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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.
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MagneGas
Corporation
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Dated:
November 9, 2009
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/s/
Dr. Ruggero Maria Santilli
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Dr. Ruggero Maria Santilli
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Chief
Executive Officer
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