Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

AFPW

AlumiFuel Power, Inc. Successfully Trains First Customer in Use of Its Unique Portable Balloon Inflation System; and Additional Orders Anticipatedmarketwire
Related Quotes
Symbol Price Change
AFPW.OB 0.0181 -0.0049
Chart for ALUMIFUEL PWR CORP.
 
{"s" : "afpw.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: AlumiFuel Power Corporation On Monday August 9, 2010, 4:15 pm EDT

CENTENNIAL, CO--(Marketwire - 08/09/10) - Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTC.BB:AFPW - News), (the "Company"), announced today that its technical team has assisted an unspecified military customer in the initial field training on the Portable Balloon Inflation System (PBIS-1000).

The current weather balloon market is pegged at $150-$200 million per year, and encompasses military as well as civil government meteorological users worldwide. Based on customer reaction, API and its path-to-market partner, Kaymont Consolidated of Long Island, New York, the world's largest distributor of weather balloons, believe the PBIS-1000 can become the field standard and product of choice. After purchasing PBIS-1000 units, customers will continue to purchase replacement cartridges to launch 500-1,000 balloons each year (1,000-2,000 cartridges). This is analogous to the razor/razor blade dynamic.

API's President & CEO, Mr. David Cade, said: "We are extremely gratified that our unique PBIS-1000/AlumiFuel cartridge system has generated such widespread interest. Our partner, Kaymont, has been contacted by many other potential customers around the world desirous of procuring the system, and is in the process of arranging demonstrations. The ease of launching weather balloons with the PBIS-1000 will serve to expand the market into remote locations which cannot be served by present hydrogen generation methods."

Previously, API and Kaymont had delivered the first three PBIS-1000 portable generator production units to the customer, along with the first batch of AlumiFuel cartridges to fuel the generators, providing the lift gas. The PBIS-1000 uses two 32 oz. cartridges packed with customized AlumiFuel powder which is then infused with water to generate 1,000 liters of hydrogen in 20 minutes to launch a 5-foot weather balloon. This initial training phase was conducted at the customer's training facility, and consisted of 8 separate balloon launches (using 16 cartridges), all successful as the system and cartridges performed flawlessly.

Following the training launches, the customer requested that several additional features be incorporated into the PBIS-1000, and has earmarked funds for completing the requested modifications and for purchasing additional PBIS-1000 units as soon as the modifications can be incorporated, which is expected to be within 60 days. In addition, potential customers from another military organization, and from a meteorological service, attended the training sessions and expressed keen interest in purchasing the unit. The meteorological representative revealed that the use of the PBIS-1000 and AlumiFuel cartridges for the launching of two weather balloons daily from each of its sites would be only one-third the cost of hydrogen K-Cylinders delivered to various launching sites -- a savings of over $120,000 per site over a one year period.

About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com) is an early production stage alternative energy company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple niche applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. API's hydrogen feeds fuel cells for portable and back-up power, fills inflatable devices such as 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 turbine-based underwater propulsion systems and auxiliary power systems, and as the fuel for Flameless Ration Heaters. API 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. For more news and information on API, please visit www.irgnews.com/coi/AFPW.

About AlumiFuel Power Corporation
AlumiFuel Power Corporation operates through its wholly owned subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources.