AlumiFuel Power's PBIS-2000 Accepted by AIF Force Customer
On-Site Training Successful
(firmenpresse) - CENTENNIAL, CO -- (Marketwire) -- 04/23/12 -- Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company") through its U.S. operating subsidiary, announced today that the Portable Balloon Inflation System (PBIS)-2000 unit has been formally accepted by the U.S. Air Force Special Operations Command following on-site training by a team of the Company's engineers last week.
The unit will continue to undergo on-site field testing by Air Force Special Operations weather personnel, followed by operational field trials in an overseas environment. Once the field trials are completed, the Company anticipates follow-on orders for the PBIS-2000 hydrogen generator and AlumiFuel cartridges from the Air Force and other potential customers.
The current weather balloon lift gas market is estimated to be $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 President & CEO of AFPW's operating subsidiary, Mr. David Cade, said: "We were gratified by the positive response of Air Force Special Operations personnel to the PBIS-2000. Their universal reaction was that this is a far superior solution to transporting large helium or hydrogen tanks into and out of the field for weather balloon filling and launching activities worldwide."
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.
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:
AlumiFuel Power Corporation
Thomas B. Olson
Corporate Secretary
303-796-8940
Technical Information & Marketing:
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Datum: 23.04.2012 - 11:00 Uhr
Sprache: Deutsch
News-ID 137766
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CENTENNIAL, CO
Kategorie:
Alternative Energy
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