PHILADELPHIA, PA -- (Marketwire) -- 06/14/11 -- 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 it has designed and tested a new AlumiFuel cartridge for a man-portable power system that eliminates the need for bulky reactor vessels. This new prototype product essentially combines the AlumiFuel cartridge with the reactor vessel in a self-contained single hydrogen generator unit, significantly reducing the system's weight (by 72%) and greatly increasing the energy density or runtime (by 260%).
The overall global market for man-portable power (generator and battery replacement) is nearly $8 billion annually, including $4.75 billion for portable systems (100W-500W) and $3.13 billion for mobile systems (25W-100W). The bulk of this market is in the U.S., 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.
API has built upon the 200W man-portable power source developed with its portable power partner, Ingenium Technologies (see API press release of 5/23/11), to develop a new lightweight 100W system. The new system operates at lower pressure, eliminating the heavy reactor vessel necessary for higher pressure systems such as API's Portable Balloon Inflation System (PBIS). The PBIS requires extremely rapid generation of hydrogen, which necessitates higher pressures. A recent breakthrough development, however, has led to new packaging and powder mixes that generate high yield reactions at ambient (low) pressure. The new system uses a low cost steel canister similar to those used for pressurized aerosol products such as spray paint. The new cartridge allows for low pressurization (< 25 PSIG); it weighs the same as the PBIS-1000 cartridge (1 pound) but is somewhat taller and has a smaller diameter. This new configuration allows API to reduce the overall size and weight of the system: a man-portable system (100W) weighs less than 10 pounds and a transportable system (200W-1,000W) weighs less than 25 pounds.
API's Director of Engineering, Mr. Sean McIntosh, said, 'We are excited about this new breakthrough development and believe this could have a dramatic impact on the portable power market. Our advantages over competitive technologies/products include higher energy densities, lower pressures, higher yields, non-toxicity, lower costs, and meeting fuel cell purity requirements with no additional steps.'
About Ingenium Technologies, Inc.
Ingenium (www.ingeniumtech.com), located in Rockford, Illinois, 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 DoD and commercial customers, including 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 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. 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; 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. 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 subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam 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.
AlumiFuel Power, Inc.
Thomas B. Olson
Technical Information & Marketing:
3711 Market Street, Suite 950
Philadelphia, PA 19104