PHILADELPHIA, PA -- (Marketwire) -- 11/19/12 -- 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., promoted its Portable Balloon Inflation System (PBIS) technology at the Meteorological Technology World Expo 2012 in Brussels, Belgium, October 16-18, 2012. (www.meteorologicaltechnologyworldexpo.com) (See AFPW news release of September 26, 2012).
AlumiFuel Power promoted its new PBIS-2000 for filling weather balloons alongside the leading global manufacturers and service providers of climate, weather, and hydrometeorological instrumentation. The Met World Expo had 140 exhibitors and attracted over 2500 attendees from 77 different countries. This event was an important international exhibition for the meteorological systems and services community and was held in concert with the World Meteorological Organization (WMO) technical conference.
The AlumiFuel Power booth was staffed by Mr. Ed Figelman, AlumiFuel Power's meteorological marketing lead (See AFPW news release of September 12, 2012). Mr. Figelman met with prospective customers from the U.S, Europe, and elsewhere, and said: 'There was significant interest in our new PBIS products for filling weather balloons from both civilian and military users alike. The various and continuing difficulties of sourcing helium and of using other sources of hydrogen are clearly on the minds of those tasked with deploying weather balloons. In particular I think we had productive conversations with radiosonde manufacturers and end users who are looking for new alternatives for balloon filling.'
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' President & CEO, Mr. David Cade, said: 'As a result of our presence at the MET EXPO, AlumiFuel is becoming increasingly visible in the radiosonde and weather balloon community. Through Ed Figelman's efforts, we have recently provided budgetary quotations for the PBIS-2000 to a number of prospective customers throughout the world -- USA, Europe, Asia, South America, the Middle East and Africa.'
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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