PHILADELPHIA, PA -- (Marketwire) -- 09/26/12 -- Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the 'Company'), announced today that its wholly owned operating subsidiary, AlumiFuel Power Technologies, Inc., will exhibit at the Meteorological Technology World Expo 2012 in Brussels, Belgium, October 16-18, 2012. (www.meteorologicaltechnologyworldexpo.com)
This event is an important international exhibition for the meteorological systems and services community and their customers, which represent multiple industries and governments. MetTechWorld Expo is exclusively for people involved in the decision-making process in specifying and purchasing meteorological measurement, prediction and analysis technologies and systems, plus service providers. Leading manufacturers and service providers of climate, weather, and hydrometeorological instrumentation, forecasting and analysis tools and systems from all corners of the globe will be exhibiting. The Met World Expo is expected to have some 160 exhibitors and exceed last year's total of 1500 attendees from 68 countries. The event is not open to the general public or students, and is limited to professionals and purchasers of major meteorological technology systems and services only.
The AlumiFuel Power booth will be staffed by Mr. Ed Figelman, a seasoned and successful meteorological systems marketing professional. Mr. Figelman will be meeting with numerous potential customers and partners from the U.S, Europe, and elsewhere, following up on the considerable global interest generated by the PBIS-2000.
The current weather balloon lift gas market is estimated to be $150-200 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. AlumiFuel Power's PBIS family of products is far more mobile, safe, and cost effective than other on-site hydrogen generation systems, especially in remote and inaccessible areas where many balloons are launched.
AlumiFuel Power Technologies, Inc. President & Chief Executive Officer, Mr. David Cade, said, 'Ed Figelman has received numerous queries from around the world regarding our PBIS family of hydrogen lift gas systems, and the Met World Expo represents an ideal opportunity for him to showcase our unique technology and products.'
About AlumiFuel Power Corporation
AlumiFuel Power Corporation, operating through its wholly owned subsidiary, AlumiFuel Power Technologies, Inc., is an early production stage alternative energy company that generates hydrogen gas and steam/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 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; and provides fuel for flameless heater applications. 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. 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.
AlumiFuel Power Corporation
Thomas B. Olson
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