AlumiFuel Power Submits Specs on New Portable Balloon Inflation System (PBIS)-200 to Air Force Customer
May 29 2012 - 7:00AM
Marketwired
Early production stage hydrogen generation company AlumiFuel Power
Corporation (OTCBB: AFPW) (the "Company") through its operating
subsidiaries, announced today that it has submitted detailed
specifications on a new PBIS-200 system to its U.S. Air Force
Special Operations customer at their request. The new system can be
easily transported and rapidly deployed for launching 30g pilot
balloons in remote locations around the world.
The PBIS-200 is a scaled down version of the PBIS-2000, which
was designed and engineered to provide lift gas for 200g weather
balloons, and which was delivered to the Air Force Special
Operations Command in April 2012. The PBIS-200 generates 200 liters
of hydrogen in less than 15 minutes using only one 32oz. AlumiFuel
cartridge. As with the PBIS-2000, it operates at ambient pressure
and low temperatures, and is housed in a ruggedized Hardigg case,
but with the reduced size of the unit, the new system would weigh
only about 50 pounds.
The current weather balloon lift gas market is pegged at $200
million per year, and encompasses military and 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 PBIS unit, typical customers would continue to purchase
replacement cartridges to launch up to 700 balloons per unit each
year.
Pilot balloons are the most common weather balloon size for
upper air meteorological soundings in the world. The new PBIS-200
system will meet the requirements of global meteorological
services, especially those operating in remote areas or in
developing nations, including a number of African countries. The
greatest inhibitor to launching weather balloons in remote
locations is the cost and difficulty of transporting the source of
hydrogen lift gas. The PBIS-200 will drastically reduce the cost
and difficulty of launching weather balloons in these locations,
and enable launches in previously inaccessible areas.
With the customer's go-ahead, the company would submit a formal
quote. Upon approval, development of the system and delivery of the
first unit could be completed in three months. The Company
anticipates that following successful customer field trials,
multiple operational units could be ordered.
The Company's Chief Technology Officer, Mr. John Boyle, said,
"We are confident that the new PBIS-200 will meet the unique needs
of our Air Force customer as well as those of meteorological users
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: 610-660-7775
AlumiFuel Power (CE) (USOTC:AFPW)
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