AlumiFuel Power Exhibits Its PBIS Lift Gas Technology at Annual Meteorological Society Meeting
January 22 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 its unique Portable Balloon Inflation System (PBIS)
technology generated significant interest at the 93rd annual
American Meteorological Society (AMS) Meeting in Austin, Texas,
January 7-10, 2013.
The annual AMS Meeting is the largest and most important
weather-related conference in the U.S. It brings together all of
the key players in the meteorological field from around the world,
including systems integrators, instrumentation and sensor
manufacturers, environmental engineering firms, weather information
research and analysis organizations, government users, and
commercial customers.
Mr. Ed Figelman, AlumiFuel Power's PBIS marketing lead,
represented the Company at the Meeting, just as he did at the
Meteorological Technology World Expo 2012 in Brussels, Belgium,
October 16-18, 2012 (see AFPW news release of November 19, 2012).
According to Mr. Figelman, exhibiting at both shows accelerated the
market acceptance process for AlumiFuel Power's PBIS products; he
reported that the Company's lift gas technology is now on many more
radar screens of military and civil government meteorological users
worldwide. Mr. Figelman discussed AlumiFuel technology with many of
the world's primary radiosonde (weather balloon instrumentation
package) manufacturers, who have a vested interest in new lift gas
systems that would maintain or increase the number of weather
balloon launches, as end-users are faced with continuing
logistical, price, and availability concerns related to lift
gas.
At the AMS Meeting, AlumiFuel PBIS technology and products drew
serious interest from commercial entities representing the Korean,
Canadian, Brazilian, Argentinean, Mexican, and Central American
markets, among others. Mr. Figelman also had continuing discussions
with key US players, including National Oceanic and Atmospheric
Administration/National Weather Service representatives, and
personnel from the Air Force Special Operations Command, the first
customer for the PBIS-2000. AlumiFuel Power recently completed
modifications to the PBIS-2000 as requested by the customer, and
shipped the unit back to the Air Force (see AFPW news release of
January 8, 2013).
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 very pleased over the increased
visibility of our PBIS technology and products within the global
meteorological community, and intend to move forward aggressively
in penetrating this market."
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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