DGAP-News: AlumiFuel Power International Inc.: ALUMIFUEL POWER RECEIVES AIR FORCE CONTRACT FOR MODIFICATIONS TO THE PBIS-2000 HYDROGEN LIFT-GAS GENERATOR
(firmenpresse) - DGAP-News: AlumiFuel Power International Inc. / Key word(s):
Development of Sales
AlumiFuel Power International Inc.: ALUMIFUEL POWER RECEIVES AIR FORCE
CONTRACT FOR MODIFICATIONS TO THE PBIS-2000 HYDROGEN LIFT-GAS
GENERATOR
26.09.2012 / 06:00
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FOR IMMEDIATE RELEASE
ALUMIFUEL POWER RECEIVES AIR FORCE CONTRACT FOR MODIFICATIONS TO THE
PBIS-2000 HYDROGEN LIFT-GAS GENERATOR
After Completion of Modifications, Unit Will Be Returned to Customer
PHILADELPHIA, Pennsylvania, September 26, 2012. - Early production stage
hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the
'Company'), through its U.S operating subsidiary, announced today that it
has received a Purchase Order/Contract from the U.S. Air Force Special
Operations Command to make certain modifications to the Portable Balloon
Inflation System (PBIS)-2000 prototype unit which was delivered and paid
for under contract in late April, 2012.
Following on-site training in Florida by AlumiFuel Power engineers, Air
Force Special Operations users conducted additional testing of the
prototype unit. These Air Force operations personnel, in close
collaboration with the Company, identified 14 items to improve and upgrade
the functionality and user-friendliness of the unit in the field. The unit
has been shipped back to the company for the modifications. Upon
completion of the modifications in 4Q 2012, this prototype unit will be
returned to the Air Force customer for further testing and deployment for
field trials in an overseas environment. Once the field trials are
completed, the Company anticipates orders for production versions of the
PBIS-2000 hydrogen lift gas generator and AlumiFuel cartridges from the Air
Force and other potential customers worldwide. AlumiFuel Power's PBIS
marketing lead, Mr. Ed Figelman (see AFPW news release of Sep 12, 2012),
has received numerous queries about the PBIS-2000 from potential customers
around the world.
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).
Mr. David Cade, The President&CEO of AlumiFuel Power Technologies, Inc.,
AFPW's operating subsidiary, said, 'Testing of the PBIS-2000 prototype by
Air Force Special Operations, and their identified improvements to the
unit, confirm the uniqueness of AlumiFuel Power's technology and the
superiority of PBIS lift gas systems solutions compared to other hydrogen
lift gas methods and products.'
About AlumiFuel Power Corporation
AlumiFuel Power Corporation, through its U.S. operating subsidiary,
AlumiFuel Power Technologies, Inc., is an early production stage
alternative energy company that generates hydrogen gas and 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 generation feeds fuel cells for backup and portable
power, provides lift gas for weather balloons, and can replace costly,
hard-to-handle and high pressure K-Cylinders. Its hydrogen/heat output is
also being designed and developed to power fuel cell-based and
turbine-based undersea propulsion 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.
CONTACTS:
Investor Relations: Technical Information&Marketing:End of Corporate News
AlumiFuel Power Corporation info(at)alumifuelpowertech.com
Thomas B. Olson, Corporate Secretary
303-796-8940
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186469 26.09.2012
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Unternehmensinformation / Kurzprofil:
Datum: 26.09.2012 - 06:00 Uhr
Sprache: Deutsch
News-ID 186775
Anzahl Zeichen: 7183
contact information:
Kategorie:
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