Modified PBIS-2000 Hydrogen Lift Gas Generator Successfully Tested by the Air Force
June 19 2013 - 7:00AM
Marketwired
Early production stage hydrogen generation company AlumiFuel Power
Corporation (OTCQB: AFPW) (the "Company"), through its U.S.
operating subsidiary, AlumiFuel Power Technologies, Inc., announced
today that U.S. Air Force Special Operations Command personnel
completed initial testing of the modified Portable Balloon
Inflation System (PBIS)-2000 with positive results.
This PBIS-2000 prototype unit was built to Air Force
specifications and delivered in late April 2012; after several
months of on-site testing, the unit was modified per Air Force
request and returned to the customer in January 2013. (See AFPW
news release of January 8, 2013). The second round of on-site
training and testing was delayed by funding limitations imposed by
the U.S. government budget sequestration. With the initial testing
of the modified system now complete, the Air Force provided
feedback that the unit worked as advertised and met their minimum
requirements. Senior officers present for the test launches were
impressed with the system, and the operations personnel gave it
high marks. The Air Force suggested several minor items they would
like to see changed/added for follow-on units. The next step is
expected to be additional field testing in the U.S. and then
overseas.
Once the field trials are completed, the Company anticipates
orders for production versions of the PBIS-2000 hydrogen lift gas
generator and AlumiFuel cartridges from the Air Force and other
potential customers worldwide. AlumiFuel Power's PBIS marketing
lead, Mr. Ed Figelman, has received numerous queries about the
PBIS-2000 from potential customers around the world.
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).
Mr. David Cade, President & CEO of AlumiFuel Power
Technologies, Inc., said, "We are gratified that Air Force initial
testing of the modified unit went so well. The modifications
clearly improved the operating functionality and capability of the
system, and will be incorporated in a more streamlined design for
follow-on PBIS-2000 production units."
About AlumiFuel Power Corporation AlumiFuel Power Corporation,
through its U.S. operating subsidiary, AlumiFuel Power
Technologies, Inc., is an early production stage alternative energy
company that generates hydrogen gas and 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 generation feeds fuel
cells for backup and portable power, provides lift gas for weather
balloons, and can replace costly, hard-to-handle and high pressure
K-Cylinders. Its hydrogen/heat output is also being designed and
developed to power fuel cell-based and turbine-based undersea
propulsion 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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