PHILADELPHIA, PA -- (Marketwire) -- 12/08/11 -- 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 will display its PBIS-1000 unit at the 92nd annual American Meteorological Society (AMS) Meeting in New Orleans, January 23-26, 2012.
The annual AMS Meeting is the largest and most important weather-related conference in the U.S. It brings together all of the key players in the meteorological field, including systems integrators, instrumentation and sensor manufacturers, environmental engineering firms, weather information research and analysis organizations, government users, and commercial customers. There are over 100 exhibitors, and attendance is expected to match last year's event, with more than 3,600 attendees from around the world.
API's PBIS-1000, developed for a military user, with initial delivery in 2010, represents the fourth generation of PBIS technology under development since 2008. The PBIS-1000 uses 2 AlumiFuel cartridges to generate 1,000 liters of hydrogen lift gas in 20 minutes to launch a 100g weather balloon. As API's first PBIS commercial product, the PBIS-1000 represents a unique integration of mechanical, chemical, fluid, gas, and air design leak-proof components -- including coded stainless steel pressure vessels, pumps, tubing, connectors, seals, filters and gauges, all housed in a ruggedized polypropylene case. In September, 2011, API received a contract from U.S. Air Force Special Operations Command for a new system, the PBIS-2000. This new system, now under final development for a late February 2012 delivery, generates sufficient hydrogen to inflate and launch a larger 200g weather balloon.
CAD drawings of the PBIS-2000 will be on display at the AMS Meeting, along with the PBIS-1000 unit, and API will actively be taking orders for PBIS systems from new customers at the Meeting.
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 API's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. Based on customer feedback, API believes the PBIS family can become field standard and lift gas product 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 are very enthusiastic about showcasing our world-class PBIS technology and products at the AMS Meeting, which will be attended by our present customers and many prospective new ones. The theme of this year's Meeting, 'Technology in Research and Operations,' fits us perfectly.'
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.
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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
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