CENTENNIAL, CO -- (Marketwire) -- 04/09/12 -- Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the 'Company') through its U.S operating subsidiary, announced today that it has completed the assembly and final testing of its Portable Balloon Inflation System (PBIS)-2000. The unit is now being prepared for delivery to the Air Force Special Operations Command.
The PBIS-2000 generates sufficient hydrogen to inflate and launch a 200g weather balloon with a 1400g payload package in 20 minutes. This new system represents the latest lift gas technology developed by AFPW, including operations at ambient pressure and low temperatures. It has the capability to use up to six AlumiFuel cartridges per launch depending on the launch time requirements and balloon size. A short video of the final outside testing of the unit and the balloon filling can be viewed at http://vimeo.com/39992326.
The current weather balloon lift gas market is pegged at $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 the Company's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. After purchasing any unit of the PBIS family, typical customers would continue to purchase replacement cartridges to launch up to 700 balloons per unit each year (up to 4,200 cartridges).
The Company's Chief Technology Officer, Mr. John Boyle, said: 'We are very proud of this first PBIS-2000 unit. It represents a unique combination and integration of mechanical, chemical, fluid, gas, and air design components - including coded stainless steel pressure vessels - housed in a ruggedized polypropylene case. AFPW's growing family of PBIS and portable power products will leverage this advanced world-class technology for on-demand hydrogen generation.'
About AlumiFuel Power Corporation
AlumiFuel Power Corporation, operating through its subsidiaries, 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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