DGAP-News: AlumiFuel Power International Inc.: ALUMIFUEL POWER INTERNATIONAL TO OFFER NEW LARGER PORTABLE BALLOON INFLATION SYSTEM PRODUCT
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AlumiFuel Power International Inc.: ALUMIFUEL POWER INTERNATIONAL TO
OFFER NEW LARGER PORTABLE BALLOON INFLATION SYSTEM PRODUCT
14.10.2011 / 06:00
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ALUMIFUEL POWER INTERNATIONAL TO OFFER NEW LARGER PORTABLE BALLOON
INFLATION SYSTEM PRODUCT
PHILADELPHIA, Pennsylvania, 14 August 2011. - Early production stage
hydrogen generation company AlumiFuel Power International, Inc. ('AlumiFuel
International') (Deutsche Börse Frankfurt Stock Exchange '9AP'), announced
today that it is developing a new member of the Portable Balloon Inflation
System (PBIS) family - the PBIS-2000 - to fulfill the needs of certain
military customers. The new system will generate significantly more
hydrogen for larger weather balloon applications.
The PBIS-2000 will expand the capability of the Company's current family of
hydrogen generators that includes the PBIS-1000 (for 100g balloons) and the
PBIS-lite (designed for 30g pieball balloons). 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
atmospheric pressure (below 70 kPa [10 psig]).
The current weather balloon market is pegged at EUR105-150 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 and cost effective than other on-site hydrogen
generation systems. Based on customer feedback, the Company believes the
PBIS family can become field standards and lift gas products of choice for
NATO military users and meteorological customers worldwide. 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 Director of Engineering, Mr. Sean McIntosh, said,
'We believe 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 are a larger 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.'
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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