PHILADELPHIA, PA -- (Marketwire) -- 10/10/11 -- 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 it has made further important technology upgrades to its advanced portable power system (see API news release of June 14, 2011 on the development of a single hydrogen generator unit combining the AlumiFuel cartridge with the reactor vessel, which significantly reduces weight and increases the energy density or runtime, all at very low pressure). The system is being designed for a 25W - 100W power level and is expected to have energy densities exceeding 400Whr/kg, offering higher energy density at lower cost than lithium ion battery-powered systems.
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. and Europe, and encompasses military applications powering battlefield electronics, sensors, 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's new cartridge/reactor design has been tailored to generate sufficient hydrogen flow to power a 25W-100W PEM fuel cell. API is now in the process of fully integrating a PEM fuel cell with this new hydrogen generation technology into a small light weight portable power generator that can replace lithium ion batteries and small gasoline/or methanol-fueled generators. The generated hydrogen has been analyzed by a New Jersey-based laboratory, which has certified that the hydrogen gas is 99.99+% pure, making it suitable for PEM fuel cells according to SAE standards.
The system is built upon the 200W man-portable power source developed with API's portable power partner, Ingenium Technologies, which first proved the ability to achieve a sustained controlled AlumiFuel reaction. The new cartridge packaging and powder mixes produce high yield reactions at ambient pressure. Moreover, API has now fully automated the system by developing a new algorithm that generates hydrogen at a very controllable rate, allowing quick and easy throttling. This automated system can be integrated with a fuel cell as a portable power product, and API and Ingenium are in active discussions with potential fuel cell company partners. The new automated unit is also ready to be used as a standalone system to fill metal hydride cylinders already in the field in many military and commercial applications.
API's Director of Engineering, Mr. Sean McIntosh, said: 'We have overcome the most difficult hurdles in the development of our new portable power system. It is now a matter of integrating all of our working components into a compact user-friendly package, and we are very confident in being able to penetrate this large target market.'
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