AlumiFuel Power's PBIS-2000 Successfully Completes Final Testing
April 09 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 it has completed the assembly and
final testing of its Portable Balloon Inflation System (PBIS)-2000.
The unit is now being prepared for delivery to the Air Force
Special Operations Command.
The PBIS-2000 generates sufficient hydrogen to inflate and
launch a 200g weather balloon with a 1400g payload package in 20
minutes. This new system represents the latest lift gas technology
developed by AFPW, including operations at ambient pressure and low
temperatures. It has the capability to use up to six AlumiFuel
cartridges per launch depending on the launch time requirements and
balloon size. A short video of the final outside testing of the
unit and the balloon filling can be viewed at
http://vimeo.com/39992326.
The current weather balloon lift gas market is pegged at $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 Company's Chief Technology Officer, Mr. John Boyle, said:
"We are very proud of this first PBIS-2000 unit. It represents a
unique combination and integration of mechanical, chemical, fluid,
gas, and air design components - including coded stainless steel
pressure vessels - housed in a ruggedized polypropylene case.
AFPW's growing family of PBIS and portable power products will
leverage this advanced world-class technology for on-demand
hydrogen generation."
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
AlumiFuel Power (CE) (USOTC:AFPW)
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