AlumiFuel Power's PBIS-2000 Accepted by AIF Force Customer
April 23 2012 - 7:00AM
Marketwired
Early production stage hydrogen generation company AlumiFuel Power
Corporation (OTCBB: AFPW) (the "Company") through its U.S.
operating subsidiary, announced today that the Portable Balloon
Inflation System (PBIS)-2000 unit has been formally accepted by the
U.S. Air Force Special Operations Command following on-site
training by a team of the Company's engineers last week.
The unit will continue to undergo on-site field testing by Air
Force Special Operations weather personnel, followed by operational
field trials in an overseas environment. Once the field trials are
completed, the Company anticipates follow-on orders for the
PBIS-2000 hydrogen generator and AlumiFuel cartridges from the Air
Force and other potential customers.
The current weather balloon lift gas market is estimated to be
$200 million per year, and encompasses military as well as civil
government meteorological users worldwide. Traditionally, helium
has been used as the primary lift gas for weather balloons, but
with the increasing scarcity and cost of helium, users are rapidly
switching to hydrogen, and the Company's PBIS family is far more
mobile, safe, and cost effective than other on-site hydrogen
generation systems. After purchasing any unit of the PBIS family,
typical customers would continue to purchase replacement cartridges
to launch up to 700 balloons per unit each year (up to 4,200
cartridges).
The President & CEO of AFPW's operating subsidiary, Mr.
David Cade, said: "We were gratified by the positive response of
Air Force Special Operations personnel to the PBIS-2000. Their
universal reaction was that this is a far superior solution to
transporting large helium or hydrogen tanks into and out of the
field for weather balloon filling and launching activities
worldwide."
About AlumiFuel Power Corporation AlumiFuel Power Corporation,
operating through its subsidiaries, is an early production stage
alternative energy company that generates hydrogen gas and
steam/heat through the chemical reaction of aluminum, water, and
proprietary additives. This technology is ideally suited for
multiple applications requiring on-site, on-demand fuel sources,
serving National Security and commercial customers. The Company's
hydrogen feeds fuel cells for portable and back-up power; fills
inflatable devices such as weather balloons; can replace costly,
hard-to-handle and high pressure K-Cylinders; and provides fuel for
flameless heater applications. Its hydrogen/heat output is also
being designed and developed to drive fuel cell-based and
turbine-based undersea propulsion systems and auxiliary power
systems. The Company has significant differentiators in
performance, adaptability, safety and cost-effectiveness in its
target market applications, with no external power required and no
toxic chemicals or by-products.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are
made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the company's progress, business
opportunities and growth prospects, they are based on management's
current beliefs and assumptions as to future events. However, since
the company's operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
CONTACTS: Investor Relations: AlumiFuel Power Corporation Thomas
B. Olson Corporate Secretary 303-796-8940 Technical Information
& Marketing: Email Contact
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