AlumiFuel Power Returns the Modified PBIS-2000 Hydrogen Lift-Gas Generator to the Air Force
January 08 2013 - 7:00AM
Marketwired
Early production stage hydrogen generation company AlumiFuel Power
Corporation (OTCBB: AFPW) (the "Company"), through its U.S
operating subsidiary, AlumiFuel Power Technologies, Inc., announced
today that it has completed the modifications on the Portable
Balloon Inflation System (PBIS)-2000 under contract, and has
shipped the unit back to the US Air Force Special Operations
Command (see AFPW news release of September 24, 2012).
This PBIS-2000 prototype unit was delivered to the Air Force in
late April, 2012. Following several months of on-site testing, Air
Force Special Operations users, in close collaboration with the
Company, identified 14 items to improve and upgrade the
functionality and user-friendliness of the unit in the field. After
receiving the modified unit, the Air Force customer intends to
conduct further testing and deployment for field trials in an
overseas environment. 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 (see AFPW news release of Sep
12, 2012), 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 pleased to return this unique
prototype unit to the Air Force for further field testing. The
modifications clearly improved the operating functionality and
capability of the system, and these changes 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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