DGAP-News: AlumiFuel Power International, Inc.: ALUMIFUEL INTERNATIONAL POISED TO ADDRESS MULTI-BILLION EURO MARKETS WITH ITS UNIQUE HYDROGEN GENERATION TECHNOLOGY
(firmenpresse) - DGAP-News: AlumiFuel Power International, Inc. / Key word(s):
Miscellaneous
AlumiFuel Power International, Inc.: ALUMIFUEL INTERNATIONAL POISED TO
ADDRESS MULTI-BILLION EURO MARKETS WITH ITS UNIQUE HYDROGEN GENERATION
TECHNOLOGY
27.09.2011 / 06:00
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ALUMIFUEL INTERNATIONAL POISED TO ADDRESS MULTI-BILLION EURO MARKETS WITH
ITS UNIQUE HYDROGEN GENERATION TECHNOLOGY
Technology ready for global commercialization after years of intensive
Research&Development&Multi-Million Euro Investment
PHILADELPHIA, Pennsylvania, 27 September 2011. - AlumiFuel Power
International, Inc. ('AlumiFuel International') (Deutsche Börse Frankfurt
Stock Exchange '9AP'), announced today that its international marketing
program is ready to leverage the unique technology and world class
path-to-market partners for its licensed technology.
AlumiFuel International's AlumiFuel powder-based technology generates
hydrogen gas and heat for multiple applications aimed at large global
markets:
- Weather Balloon Inflation
The Company is marketing its PBIS of hydrogen lift gas generators to fill
and launch weather balloons. The global market for lift gas fuel is pegged
at EUR105-EUR150 million and growing, with more than 1,000,000 weather
balloons and special purpose balloons launched annually for meteorological,
telecom relay, and special military applications;
- Portable back-up Power
The Company has designed hydrogen generators to drive fuel cells for a wide
variety of portable and back-up electrical power applications. The overall
global market for man portable power (generator and battery replacement) is
nearly EUR5.5 billion annually, including EUR3.3 billion for man-portable
systems (100W-500W) and EUR3 billion for mobile systems (25W-100W);
- Hydrogen Generators for Unmanned Underwater Vehicles
The Company is developing heat and hydrogen generators to feed turbines and
fuel cells for undersea vehicle power plants. The global UUV market is
expected to reach EUR8.4 billion over the next decade, encompassing
commercial, naval and other national security applications. This number
includes EUR840 million for the power systems, with EUR280-EUR350 million
related to the fuel modules; and
- Small Hydrogen Generators for Science Educators
The Company has developed its small H24U hydrogen generator that it will
market to secondary schools and universities for science experiments. The
size of this global market is conservatively estimated to be EUR175 million
to meet an unfilled need and become a science lab fixture for secondary
schools and universities worldwide.
The Company is offering a family of innovative Portable Balloon Inflation
System (PBIS) products including the PBIS-1000, PBIS-2000 and PBIS-lite for
filling balloons from 30g to 200g. These products enable on the spot
generation of hydrogen without any external energy or toxic chemicals and
is easier to use and less expensive than current lift gas solutions
including increasingly scarce and expensive helium. These portable
launching units are far more mobile and cost effective than other on-site
hydrogen generation systems and the Company believes they can become the
field standard and lift gas product of choice for meteorological and NATO
military customers.
AlumiFuel International's path-to-market partner for portable power
applications is Ingenium Technologies, Inc. of Rockford, Illinois founded
by senior engineers from the Hamilton Sunstrand division of United
Technologies. This partnership encompasses power generation and energy
storage for Unmanned Undersea Vehicles (UUVs) and submersibles, as well as
man-portable, back-up and Auxiliary Power Unit applications. The bulk of
this market is in the U.S. and Europe, encompassing military applications
powering battlefield electronics and munitions, first responder/emergency
preparedness applications powering radios and other electronic and medical
devices for homeland security&disaster relief, and commercial
applications such as shoulder-mounted video cameras. AlumiFuel hydrogen
and heat power sources provide 5-10X the energy density (runtime) of
lithium batteries.
The Company and Ingenium are considering a growing number of opportunities
involving undersea power plant applications (5kW-35kW) with military
customers, major defense contractors, and deepwater services industry
players worldwide.
The Company is in the process of developing a product package that will
include the H24U mini-generator and a lesson plan for five lab experiments
to demonstrate the generation and use of hydrogen to secondary school and
university students.
AlumiFuel International's President, Mr. David Cade, said, 'The global
marketing opportunities for AlumiFuel International, beginning in Europe,
are boundless. We are excited about finding European partners who can help
bring API's unique hydrogen generation technology and products to the
international marketplace. '
About Ingenium Technologies, Inc.
Ingenium Technologies (www.ingeniumtech.com) provides world-class,
cost-effective product development services and operations consulting
services to a diverse client base. Ingenium's engineering staff of over
100 full-time seasoned professionals comes from a vast array of technical
disciplines, with broad experience. Ingenium provides turnkey solutions
for complex systems, from concept development to design, analysis,
prototyping, and certification for both military and commercial customers.
Ingenium's clients range in size from small businesses to Fortune 500
companies.
About AlumiFuel Power International, Inc.
AlumiFuel International (www.alumifuel-aktie.de) 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 military and commercial
customers including, fuel cells for portable and back-up power, weather
balloon inflation, flameless heater applications and fuel cell-based and
turbine-based undersea propulsion systems and auxiliary power systems.
This technology 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. AlumiFuel International and is listed on the Deutsche Börse
Frankfurt Stock Exchange under the symbol '9AP'.
CONTACTS:
Investor Relations:
AlumiFuel Power International, Inc.
Thomas B. Olson, Corporate Secretary
303-796-8940
End of Corporate News
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Unternehmensinformation / Kurzprofil:
Datum: 27.09.2011 - 06:00 Uhr
Sprache: Deutsch
News-ID 69424
Anzahl Zeichen: 9284
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Kategorie:
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