DGAP-News: AlumiFuel Power International Inc.: ALUMIFUEL POWER DELIVERS THE PBIS-2000 TO U.S. AIR FORCE
(firmenpresse) - DGAP-News: AlumiFuel Power International Inc. / Key word(s):
Development of Sales
AlumiFuel Power International Inc.: ALUMIFUEL POWER DELIVERS THE
PBIS-2000 TO U.S. AIR FORCE
19.04.2012 / 06:00
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FOR IMMEDIATE RELEASE
ALUMIFUEL POWER DELIVERS THE PBIS-2000 TO U.S. AIR FORCE
Delivery Sets the Stage for Marketing PBIS Systems Outside of North America
CENTENNIAL, Colorado, 19 April 2012. - AlumiFuel Power International, Inc.
('AlumiFuel International') (Deutsche Börse Frankfurt Stock Exchange
'9AP'), announced today that its technology development arm ('the Company')
has shipped the PBIS-2000 Portable Balloon Inflation System to the U.S. Air
Force Special Operations Command (AFSOC) under contract. A team of the
Company's engineers will conduct training at the customer's site this week.
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 showcases the latest lift gas technology developed by the Company,
including operations at low temperatures and ambient pressure (below 70
kPa) so that the user never has to deal with a high pressure system such as
the industry standard K-Cylinder (15,600 kPa). The unit represents a unique
integration of mechanical, chemical, fluid, gas, and air design components
- including coded stainless steel pressure vessels - housed in a ruggedized
polypropylene case. It has the capability to use up to six AlumiFuel
cartridges per launch depending on the launch time requirements and balloon
size.
The Air Force customer has operational plans for this first PBIS-2000 unit
following the on-site training session by Company engineers. After this
field testing by Air Force personnel, the Company anticipates that the
customer will purchase additional units for operations around the globe.
Moreover, The Company has been approached by other military and
meteorological users from the US, NATO, and around the world interested in
the Portable Balloon Inflation System technology and products.
The PBIS-2000 expands the capability of the Company's current family of
hydrogen generators, which also includes the PBIS-1000 (for 100g balloons)
and the PBIS-200 (designed for 30g pilot balloons). 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).
The current weather balloon lift gas market is pegged at EUR150 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. AlumiFuel International plans to aggressively
market PBIS products in Europe and other regions outside of North America.
The Company's Chief Technology Officer, Mr. John Boyle, said: 'Completion
of this first PBIS-2000 unit represents a major milestone for the Company,
and we are excited about meeting the stringent mission requirements of Air
Force Special Operations users. Since weather balloons are typically
launched in remote locations, the cost and difficulty of transporting the
source of lift gas is a problem for many users. The PBIS family will
drastically reduce these factors, enabling launches in previously
inaccessible areas worldwide. We are confident that AlumiFuel International
will be highly successful in penetrating global markets with these PBIS
products.'
About AlumiFuel Power International, Inc.
AlumiFuel International markets AlumiFuel technology and products outside
of North America. AlumiFuel International owns the Patent Cooperation
Treaty (PCT) filings of AlumiFuel, and is listed on the Deutsche Börse
Frankfurt Stock Exchange under the symbol '9AP'.
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.
CONTACTS:
Investor Relations: Technical Information&Marketing:
AlumiFuel International, Inc. 610-660-0268 (USA)
Thomas B. Olson
info(at)alumifuelpowertech.com
303-796-8940 (USA)
End of Corporate News
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165556 19.04.2012
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