NovoFuel and Genport Capabilities Positioned to Take Advantage of New DoD Battlefield Power Initiatives
December 19 2013 - 7:00AM
Marketwired
NovoFuel and Genport Capabilities Positioned to Take Advantage of
New DoD Battlefield Power Initiatives
PHILADELPHIA, PA--(Marketwired - Dec 19, 2013) - Early
production stage hydrogen generation company AlumiFuel Power
Corporation (OTCQB: AFPW) (the "Company"), said that a recent
Defense publication outlines new programs for battlefield power
which are in the applications "sweet spot" of the Company's wholly
owned subsidiary, NovoFuel, Inc., and Genport, srl of Italy.(See
AFPW news release of December 6, 2013).
The November, 2013 issue of Tactical Defense Media.com featured
a special article on DoD Power, Energy & Propulsion
(http://www.tacticaldefensemedia.com/). In the article, Sharon
Burke, Assistant Secretary of Defense, Operational Energy, listed
three ways of assuring that forces have the necessary energy
sources to improve warfighting capabilities: (1) Reduce the volume
of fuel required in the field; (2) Diversify energy sources; (3)
Build a continuous electricity supply to field platforms and
missions.
In this light, the Department of Defense is looking at a number
of new tactical power solutions, including Renewable Energy Sources
and hybrid power generation. This encompasses portable fuel
cells, combined with Lithium-ion batteries, solar cell panels,
small wind turbines, and energy control modules, replacing or
augmenting traditional diesel generators.
DoD programs embracing these new power and energy technologies
offer exciting opportunities for NovoFuel and Genport. The
requirements are an ideal match for Genport's current flagship
prototype platform, the G300 Hybrid Power System - a modular
300-1,500 Watt fuel cell system that can take energy inputs from
hydrogen, solar cells and lithium-ion battery packs, and deliver
electricity for a variety of battlefield applications including
telecommunications, PCs, battery charging, sensors, stationary
micro-grids, and auxiliary power. NovoFuel's AlumiFuel
hydrogen generation system provides a unique, superior source of
hydrogen for Genport's hybrid fuel cells.
NovoFuel and Genport are well equipped to pursue these new
opportunities with the appropriate DoD power and energy
organizations. Moreover, Genport is well positioned with the
European Defense Agency (EDA) and the EU Framework Program Horizon
2020, which are sponsoring a number of new alternative energy
program initiatives, including smart microgrid applications and
hybrid fuel cells. These activities fit hand-in-glove with the
U.S. DoD initiatives.
About
Genport,srl (www.genport.it) Genport srl is an advanced
power solutions company based near Milan, Italy. Genport is
focused on providing clean, safe, reliable and high performance
portable power sources for medical, defense, emergency,
telecommunications, and industrial applications. Genport's
solutions are designed to store and generate electrical energy
anytime, anywhere. Genport combines solid hydrogen PEM fuel cell,
lithium ion battery and renewable energy systems to provide a
constant, reliable source of power; maximize power and energy
density; eliminate noise, emissions and operate in extreme
environmental conditions. Genport/GNA's technology partners
include Milan Polytechnic, VTT (Finland), Texas Instruments, Linear
Technologies, Arbin Instruments, four European companies, and
Purdue University.
About AlumiFuel Power
Corporation AlumiFuel Power Corporation, through its
wholly-owned subsidiary, Novofuel, 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:
AlumiFuel Power Investor Relations: AlumiFuel Power Corporation
Thomas B. Olson Corporate Secretary 303-796-8940 Technical
Information & Marketing: Email Contact 610-660-7775
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