PHILADELPHIA, PA -- (Marketwire) -- 09/01/11 -- 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 is developing a new member of the Portable Balloon Inflation System (PBIS) family -- the PBIS-2000 -- at the request of a new, unspecified military customer with an urgent requirement.
The PBIS-2000 will expand the capability of API's current family of hydrogen generators, which includes the PBIS-1000 (for 100g balloons) and the PBIS-lite (designed for 30g pieball balloons). The PBIS-2000 is designed to generate sufficient hydrogen to inflate a 200g weather balloon within 20 minutes. The new system will generate significantly more hydrogen than both the PBIS-1000 and the PBIS-lite using 6 AlumiFuel Catridges contained in a single reactor vessel. While the footprint, weight and safety features of the PBIS-2000 are similar to the PBIS-1000, the configuration has been modified such that the system operates at ambient pressure (below 10 psi).
The current weather balloon market is pegged at $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 and API's PBIS family is far more mobile and cost effective than other on-site hydrogen generation systems. Based on customer feedback, API believes the PBIS family can become field standards and lift gas products of choice for NATO military users and meteorological customers worldwide. After purchasing any unit of the PBIS family, typical customers continue to purchase replacement cartridges to launch up to 700 balloons per unit each year (up to 4,200 cartridges).
API's Director of Engineering, Mr. Sean McIntosh, said, 'We believe PBIS-2000 is a significant addition to our PBIS family. Not only does this system fill an existing gap for much larger weather balloons, which constitute a greater portion of the market, but it represents a significant advancement in the state of hydrogen generation technology. The greatest inhibitor to launching weather balloons in remote locations -- where the military operates and considerable meteorological research is done -- is the cost and difficulty of transporting the source of lift gas. The PBIS family will drastically reduce these factors, and enable launches in previously inaccessible areas.'
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 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.
AlumiFuel Power, Inc.
Thomas B. Olson
Technical Information & Marketing:
3711 Market Street, Suite 950
Philadelphia, PA 19104