AFPW AlumiFuel Power Corporation (CE)

Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), announced today that API and its portable power partner, Ingenium Technologies of Rockford, Illinois, have identified an increasing number of applications and program opportunities for their combined technologies, aimed at portable and back-up power.

The overall global market for portable power (generator and battery replacement) is $8 billion annually, including $4.75 billion for portable systems and $3.13 billion for mobile systems. The bulk of this market is in the U.S. and Europe, encompassing military applications powering battlefield electronics and munitions, first responder/emergency preparedness applications powering radios and other electronic and medical devices for Homeland Security& Disaster Relief, and commercial applications such as shoulder-mounted video cameras. Larger back-up power applications represent another multi-billion dollar market.

During 2011, Ingenium Technologies has been evaluating specific technical areas for application of the AlumiFuel hydrogen generation technology. Emphasis has been on applications for the DOD and DOE where the benefits of a hybrid approach -- which includes use of both hydrogen and thermal energy generation -- could be applied as inputs to energy conversion devices. Promising targets include: (1) DOD and DOE power applications, up to 10 kW, where a hybrid approach would provide lower levels of power from the thermal energy generated, and the excess hydrogen generated could be stored for peak demands. A good example is a DOD forward operating base power generation application where the excess thermal energy provides for the heating of water for onsite use, all packaged in a container that could be transported world-wide. Benefits from this type of power system include low noise levels during operation, a green fuel source, recycling of the water used, quick start-up with minimal installation requirements and rapid redeployment; and (2) DOE applications which are focused on fuel cell conversion technology with hydrogen as the energy source for automotive, forklift trucks, and remote power applications. Hydrogen storage technologies have been under development for over 15 years by the DOE for these applications, but AlumiFuel technology has advantages when onsite hydrogen generation is required. In addition, there is interest in generation of hydrogen which is initiated remotely to power an off-grid application.

API and Ingenium have already built a hydrogen generator capable of powering a 200W fuel cell. The system uses a modified PBIS-1000 canister with a different powder chemistry allowing for a very long continuous reaction with yields above 90%. The generator has demonstrated eight hours of continuous operation, a very rapid start up time, and is able to generate hydrogen flow rates suitable for fuel cells ranging from fractional kW to over 10kW.

API's Director of Engineering, Mr. Sean McIntosh, said, "We are confident that the API-Ingenium team is on the right track to educate and capture new customers on the benefits of our advanced innovative technologies for portable power."

About Ingenium Technologies, Inc. Ingenium Technologies (www.ingeniumtech.com) provides world-class, cost-effective product development services and operations consulting services to a diverse client base. Ingenium's engineering staff of over 100 full-time seasoned professionals comes from a vast array of technical disciplines, with broad experience. Ingenium provides turnkey solutions for complex systems, from concept development to design, analysis, prototyping, and certification for both military and commercial customers. Ingenium's clients range in size from small businesses to Fortune 500 companies.

About AlumiFuel Power, Inc. API (www.alumifuelpowerinc.com), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation, 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. API'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. 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. API 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.

About AlumiFuel Power Corporation AlumiFuel Power Corporation operates through its wholly owned operating subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and heat for multiple applications requiring on-site, on-demand fuel sources.

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, Inc. Thomas B. Olson Corporate Secretary 303-796-8940 Technical Information & Marketing: API Laboratories 484-466-2427 Email Contact