MagneGas signs letter of intent with an urban fish farm in Florida MagneGas announced the signature of a Letter of Intent for the placement of a 50kW Unit with an innovative fish farm company located in Fort Myers, Florida. The Company believes that the value of using a MagneGas unit is that it both sterilizes and breaks down nutrients microscopically, thus increasing the surface area to volume ratio of remaining nutrients. This is expected to result in increased efficiency when adding microbiology and thus reducing overall costs and improving throughput rates. The executed Letter of Intent stipulates that upon successful trial runs and test results, the Companies will work together to pursue aquaponic farms and certain other agricultural applications. The Company estimates there are up to 200 aquaponic farms in the US and plans to jointly incorporate respective patented process technologies to pursue the market. Following successful testing, the initial 50kW unit will be placed at the farm in Fort Myers to demonstrate the technology and business model to visitors.