AFPW.OB

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AlumiFuel Power, Inc. Begins Execution of Navy UUV Contract, Opening Up Entry Into Vast New Market
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Companies:AlumiFuel Power Corp..Related Quotes
Symbol Price Change
AFPW.OB 0.0230 +0.0070


{"s" : "afpw.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: AlumiFuel Power Corporation On Friday August 6, 2010, 4:15 pm EDT
CENTENNIAL, CO--(Marketwire - 08/06/10) - 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 it has begun execution of a U.S. Department of the Navy R&D contract for a new hydrogen source to power future Unmanned Undersea Vehicles (UUVs). API is a subcontractor to Ingenium Technologies, Inc. of Rockford, Illinois, a turnkey systems integrator with special engineering expertise in advanced power and energy systems.

The overall global UUV market is expected to reach $12 billion over the next decade, encompassing commercial, naval and other national security applications. This number includes $1.2 billion for the power systems, with $400-$500 million related to the fuel modules. API has been interacting with selected defense contractors in the design of novel energy generators (including superheated steam as well as hydrogen) to power U.S. Department of Defense (DoD) and commercial UUVs and submersibles for over two years. In fact, apart from this Navy R&D contract, API's technology for underwater applications has been incorporated into three other proposals to DoD customers by three separate major defense contractors.

API's President & CEO, Mr. David Cade, stated, "We view this Navy R&D contract as the first step towards development and commercialization of our multiple power source approach for UUVs. We and Ingenium are confident that the ultimate fielding of this API technology will represent a force multiplier for the Navy, offering substantial mission duration and range benefits over current UUV power sources which rely on battery technologies. Ingenium and API also intend to apply this same technology to other UUV customer requirements involving commercial gas, oil and pipeline applications as well as Homeland Security port inspection applications."

In this new R&D contract, the Navy is seeking a novel hydrogen source to power air independent fuel cells for future UUV missions, which is one of API's primary target applications. The Phase I research of the contract will focus on developing a refuelable hydrogen generating system using solid fuel cartridges (similar to those developed and used by API for other applications) and to demonstrate the continuous delivery of fuel-cell grade hydrogen for eight hours. As the prime contractor, Ingenium has developed the overall system design, with API's hydrogen generation technology as the key fuel source component of the proposed design.

API and Ingenium recently signed an exclusive partnership agreement in which API's technology provides the energy to drive turbines and fuel cells in power plants designed, engineered and integrated by Ingenium.

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

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AlumiFuel Power, Inc. Successfully Trains First Customer in Use of Its Unique Portable Balloon Inflation System; and Additional Orders Anticipated
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Companies:AlumiFuel Power Corp..Related Quotes
Symbol Price Change
AFPW.OB 0.0181 -0.0049


{"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