AlumiFuel Power Updates Status of the PBIS-2000 Development for the U.S. Air Force
December 07 2011 - 7:00AM
Marketwired
Early production stage hydrogen generation company AlumiFuel Power,
Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned
operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW)
(the "Company"), announced today that it has made significant
progress towards fulfilling the Air Force Special Operations
Command (AFSOC) contract to develop and deliver a Portable Balloon
Inflation System (PBIS-2000) by the end of February, 2012. API has
built and tested a number of prototypes validating the system's
design parameters, and has lined up the various vendors and
manufacturers necessary to complete the system construction.
The contract also calls for delivery of 360 cartridges as well
as a spare parts kit, a tool kit and two days of training by API
engineers at the customer's site. The PBIS-2000 makes significant
advances in API's lift gas generation technology. The latest
prototyping and testing prove that the system is capable of
generating the necessary amount of hydrogen to launch a 200g
weather balloon and special instrumentation payload within 20
minutes, using up to 6 AlumiFuel cartridges contained in a single
reactor vessel. The final design is now being fine-tuned, and
construction is slated to begin shortly, with an expected
completion date on or before the target deadline.
The PBIS-2000 expands the capability of API's current family of
hydrogen generators, which includes the PBIS-1000 (developed for a
military customer to launch 100g weather balloons), and the
PBIS-lite (designed for 30g pilot balloons). While the footprint,
weight and safety features of the new PBIS-2000 are similar to the
PBIS-1000, the configuration has been modified such that the system
operates at ambient pressure (below 10 psig) so that users never
have to deal with the high pressures of the industry standard
K-Cylinders (2265 psig).
The current weather balloon lift gas market is pegged at
$150-$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 API's PBIS family is far more
mobile, safe, and cost effective than other on-site hydrogen
generation systems. Based on customer feedback, API believes the
PBIS family can become field standard and lift gas product of
choice for NATO military users and meteorological customers
worldwide. After purchasing any unit of the PBIS family, typical
customers continue to purchase replacement cartridges to launch up
to 700 balloons per unit each year (up to 4,200 cartridges). API
believes that this initial purchase will lead to additional units
for operations throughout the world. In addition, API has been
approached by other military and meteorological users from the US,
NATO, and around the world interested in the Portable Balloon
Inflation System technology and products.
API's Director of Engineering, Mr. Sean McIntosh, said, "We are
very pleased with the testing to date and the current state of the
design. We believe we are on track to deliver this new system to
the Air Force on time and on spec, and have it become a standard
piece of equipment."
About AlumiFuel Power, Inc. API (www.alumifuelpowerinc.com), the
Philadelphia, Pennsylvania-based wholly owned operating subsidiary
of AlumiFuel Power Corporation, 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. API'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. API 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.
About AlumiFuel Power Corporation AlumiFuel Power Corporation
operates through its wholly owned operating subsidiary, AlumiFuel
Power, Inc., a Philadelphia-based early production stage
alternative energy company that generates hydrogen gas and heat for
multiple applications requiring on-site, on-demand fuel
sources.
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,
Inc. Thomas B. Olson Corporate Secretary 303-796-8940 Technical
Information & Marketing: API Laboratories 484-466-2427
Email Contact
AlumiFuel Power (CE) (USOTC:AFPW)
Historical Stock Chart
From Mar 2024 to Apr 2024
AlumiFuel Power (CE) (USOTC:AFPW)
Historical Stock Chart
From Apr 2023 to Apr 2024