DGAP-News: ALUMIFUEL POWER INTERNATIONAL, INC. ANNOUNCES U.S. AIR FORCE CONTRACT FOR PBIS-2000 PORTABLE BALLOON INFLATION SYSTEM
(firmenpresse) - DGAP-News: AlumiFuel Power International Inc. / Key word(s): Contract
ALUMIFUEL POWER INTERNATIONAL, INC. ANNOUNCES U.S. AIR FORCE CONTRACT
FOR PBIS-2000 PORTABLE BALLOON INFLATION SYSTEM
07.10.2011 / 06:00
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ALUMIFUEL POWER INTERNATIONAL, INC. ANNOUNCES U.S. AIR FORCE CONTRACT FOR
PBIS-2000 PORTABLE BALLOON INFLATION SYSTEM
Air Force Award Validates Company's Unique Technology
PHILADELPHIA, Pennsylvania, 7 October, 2011. -AlumiFuel Power
International, Inc. ('AlumiFuel International') (Deutsche Börse Frankfurt
Stock Exchange '9AP'), announced today that its US development arm has been
awarded a contract to deliver a PBIS-2000 Portable Balloon Inflation System
to the Air Force Special Operations Command (AFSOC). The Company believes
that this initial purchase will lead to additional units for operations
throughout the world. In addition, the Company has been approached by
other military and meteorological users from NATO and around the world
interested in the Portable Balloon Inflation System technology and
products.
This contract requires delivery of the system to the AFSOC customer by the
end of February 2012, and includes 360 cartridges as well as a spare parts
kit, a tool kit and two days of operational training.
The PBIS-2000 expands the capability of AlumiFuel International's current
family of hydrogen generators, which includes the PBIS-1000 (for 100g
balloons) and the PBIS-lite (designed for 30g pieball balloons). The
PBIS-2000 generates sufficient hydrogen to inflate a 200g weather balloon
within 20 minutes using up to 6 AlumiFuel Cartridges contained in a single
reactor vessel; this represents significantly more hydrogen than is
required for the PBIS-1000. While the footprint, weight and safety
features of the PBIS-2000 are similar to the PBIS-1000, the configuration
has been modified such that the system operates at ambient (atmospheric)
pressure (below 70 kPa [10 psig]) so that the user never has to deal with a
high pressure system such azs the industry standard K-Cylinder (15,600 kPa
[2265 psig]).
The current weather balloon lift gas market is pegged at $150-$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 AlumiFuel
International's PBIS family is far more mobile, safe, and cost effective
than other on-site hydrogen generation systems. Based on customer
feedback, AlumiFuel International believes the PBIS family can become field
standard and lift gas product of choice for NATO military users and
meteorological customers worldwide. AlumiFuel International plans to
aggressively market PBIS products in Europe and Asia. 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).
AlumiFuel International's President&CEO, Mr. David Cade, said, 'This Air
Force award validates AlumiFuel International's unique portable balloon
inflation system technology and products. The PBIS-2000 is a significant
addition to our PBIS family. Not only does this system fill an existing
gap for much larger weather balloons, which constitute a greater portion of
the market, but it represents a significant advancement in the state of
hydrogen generation technology. The greatest inhibitor to launching
weather balloons in remote locations - where the military operates and
considerable meteorological research is done - is the cost and difficulty
of transporting the source of lift gas. The PBIS family will drastically
reduce these factors, and enable launches in previously inaccessible areas
worldwide; this also creates a logistics supply chain for hydrogen to power
fuel cells in the field.'
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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Datum: 07.10.2011 - 06:00 Uhr
Sprache: Deutsch
News-ID 73737
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