AlumiFuel Power Progress Report on Development of PBIS-2000 Well Received by U.S. Air Force Special Operations Command
December 13 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 the Air Force Special
Operations Command (AFSOC) customer was very pleased with API's
recent status report on the design and build of the Portable
Balloon Inflation System (PBIS)-2000. (See API news release of
December 7, 2011). Computer-Aided Design (CAD) drawings and updated
specs on the new unit contained in the report were used by AFSOC
personnel in briefing the system to adjacent and higher
organizational levels in the Air Force.
The revolutionary PBIS-2000, scheduled to be delivered by the
end of February 2012, represents a significant advancement in API's
lift gas generation technology. The system is capable of generating
sufficient hydrogen to launch a 200g weather balloon and special
instrumentation payload within 20 minutes, operating at ambient
pressure. From the customer's perspective, this is a far better
lift gas solution than using K-Cylinders, which are under very high
pressure, costly to distribute, and awkward to handle.
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. After purchasing a PBIS unit, typical customers
continue to purchase replacement cartridges to launch up to 700
balloons per unit each year (up to 4,200 cartridges)., API has been
approached by other military and meteorological users from the US,
NATO, and around the world interested in the PBIS technology and
products.
API's Director of Engineering, Mr. Sean McIntosh, said, "We are
gratified that the Air Force has been such a strong supporter of
our technology in designing, developing and fielding this
remarkable new system."
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
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