DGAP-News: AlumiFuel Power International Inc.: SUPERSTORM SANDY HIGHLIGHTS POTENTIAL VALUE OF ALUMIFUEL POWER TECHNOLOGY
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AlumiFuel Power International Inc.: SUPERSTORM SANDY HIGHLIGHTS
POTENTIAL VALUE OF ALUMIFUEL POWER TECHNOLOGY
28.11.2012 / 06:00
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FOR IMMEDIATE RELEASE
SUPERSTORM SANDY HIGHLIGHTS POTENTIAL VALUE OF ALUMIFUEL POWER TECHNOLOGY
IN SERVING MULTI-BILLION DOLLAR BACKUP POWER MARKET
Increasing number of opportunities to apply AlumiFuel Technology
CENTENNIAL, Colorado, 28 November, 2012. - Early production stage hydrogen
generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the
'Company') through its operating subsidiary, AlumiFuel Power Technologies,
Inc., announced today that Superstorm Sandy has validated its expanding
initiatives in pursuing its AlumiFuel cartridge-based hydrogen generation
technology as a fuel source for backup power fuel cell applications. (See
AFPW news release of May 31, 2012). The following news article illuminates
the tremendous backup power needs which became evident during Sandy:
'NEW YORK (AP) Oct. 30, 2012 - Superstorm Sandy knocked out a quarter of
the cell towers in an area spreading across 10 states, and the situation
could get worse, federal regulators said Tuesday. Many cell towers that are
still working are doing so with the help of generators and could run out of
fuel before commercial power is restored, the Federal Communications
Commission said. ..As commercial power was cut to the southern tip of
Manhattan on Monday, data centers and facilities of phone companies in the
Wall Street area were forced to switch to diesel generators. Data centers
that failed to keep running on backup power brought down various news
sites. ..Verizon Communications Inc., the biggest phone company in the
region, had some of its facilities in downtown Manhattan flooded, shutting
down phone and Internet service.'
AFPW has continued to accelerate its relationships with key industry and
government players, involved in the backup power arena, including: (1) A
major wireless carrier; (2) Several backup power fuel cell companies: (3)
Emergency Services organizations in selected Philadelphia-area counties;
and (4) the US Department of Energy. AFPW is exploring various engineering
development scenarios for integrating the Company's technology into fuel
cell back-up power systems. These efforts are expected to be enhanced by
AFPW's strategic business development agreement with a New York investment
firm. (See AFPW news release of October 16, 2012).
The large and growing U.S. back-up power market, traditionally served by
lead-acid batteries and gasoline or diesel generators, is increasingly
adopting hydrogen PEM fuel cell systems to replace these earlier
technologies. The size of this market is enormous - $6.4 billion for the
emergency response segment (police, fire, medical, disaster preparedness)
and an even larger multi-billion dollar segment for the telecom and
financial services industries. All of the national wireless telecomm
carriers have begun installing fuel cell back-up power systems. As of
early 2012, over 1,100 fuel cells had been installed at cell phone tower
sites, most of which are 5kW systems. This transition to fuel cell
systems for backup power is being driven by a number of important factors:
(1) Lower fuel cell prices - 80% reduction since 2002 and 35% reduction
since 2008. (2) Cheaper life-cycle costs - 25-50% over 10-15 year period.
(3) Higher power density and longer continuous runtimes. (4) Easier
maintenance. (5) Remote monitoring capability. (6) Cleaner - no dirty
lead-acid batteries and no harmful emissions.
Today, most of these systems rely on K-Cylinders to provide the hydrogen
for the fuel cells. Virtually all of the fuel cell companies and carriers
are seeking a better hydrogen solution for back-up power systems. The use
of K-Cylinders for these applications entails high logistics costs,
handling difficulties, and continuous high-pressure storage risks. AFPW
has developed a solution for a 5kW system which would replace 6 K-Cylinders
with 6 large AlumiFuel cartridges (48'x 5' diameter). This solution
results in a much cheaper logistics chain (the cartridges can be disposed
of in city dumps), on-demand hydrogen under very low pressures instead of
constant high pressures, twice the back-up power runtimes, and a lighter
weight power cabinet.
AluniFuel Power Technologies' CEO, Mr. David Cade, said, 'Major natural
disasters such as Megastorm Sandy clearly underscore the potential
capabilities of our technology to make major contributions in meeting
backup power requirements in the eyes of key industry and government
players.'
About AlumiFuel Power Corporation
AlumiFuel Power Corporation, operating through its wholly owned subsidiary,
AlumiFuel Power Technologies, Inc., is an early production stage
alternative energy company that generates hydrogen gas and steam/heat
through the chemical reaction of aluminum powder, 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 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 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.
CONTACTS:
Investor Relations: Technical Information&Marketing:End of Corporate News
AlumiFuel Power Corporation info(at)alumifuelpowertech.com
Thomas B. Olson, Corporate Secretary 610-660-7775
303-796-8940
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