Alumifuel Power Corp. (AFPW)

[Mr. Smith]

AFPW RESEARCH REPORT-ULTIMATE DD COMPILATION

AlumiFuel Power Corp



AFPW Security Details

Share Structure


Market Value1 $1,607,850 a/o Dec 09, 2011
Shares Outstanding 643,140,198 a/o Nov 01, 2011
Float Not Available 300,000,000
Authorized Shares Not Available
Par Value 0.001

Shareholders

Shareholders of Record 139 a/o Apr 15, 2011

Short Selling Data

Short Interest 53,726 (2,314.65%) Nov 30, 2011
Significant Failures to Deliver No

Transfer Agent(s)
First American Stock Transfer, Inc.

ABOUT ALUMIFUEL POWER - AFPW

API (www.alumifuelpowerinc.com), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation, 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 National Security and commercial customers. API's hydrogen feeds fuel cells for portable and back-up power; fills inflatable devices such as weather balloons; can replace costly, hard-to-handle and high pressure K-Cylinders; and provides fuel for flameless heater applications. Its hydrogen/heat output is also being designed and developed to drive fuel cell-based and turbine-based undersea propulsion systems and auxiliary power systems. 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.

About AlumiFuel Power Corporation

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

Incorporated in May 2008 to commercialize unique IP for high-demand military & commercial applications:

-Lab and offices in Philadelphia Science Center
-Philadelphia area is center of US hydrogen industry
-Leverage Drexel University nanotechnology capabilities
-Access to top technical talent

Solid IP portfolio - patent filings and proprietary know-how for chemistry, cartridge design and applications World Class path-to-market & production partners

-AlumiFuel Power International, Inc. (Same management team as API)
-Formed February 2010
-International marketing & IP
-European capital raise in process
-Other new market initiatives planned in U.S. & Europe

API is a unique alternative energy company that generates hydrogen gas and steam/heat for multiple applications

-Our hydrogen feeds fuel cells for electrical power
-Our hydrogen and steam drive undersea propulsion systems
-Our hydrogen inflates weather balloons
-Our powder mix is ideal for flameless heating devices

API's novel technology is based on the exothermic chemical reaction of aluminum, water and proprietary additives

-We are the first company to successfully commercialize this technology - product purchased by customers
-We provide "DRY HYDROGEN"

Ours is an enabling technology

Delivers 5-10X the energy density (runtime) of lithium batteries
Facilitates new power applications with fuel cells & turbines - billion dollar markets
Our only competition are batteries and gasoline-fueled generators

INGENIUM TECHNOLOGIES - API's PORTABLE POWER PARTNER Turbine Power Systems - Up to 750 kW

-Energy Recovery
-Solar
-Aerospace
-Hybrid

Systems Design and Analysis Hybrid Power System Conversion Elements

-Battery
-Fuel Cells
-Turbo-Electric or Mechanical Thermal Engines(Rankine, Brayton, Stirling)
-IC Engine
-Isotope Powered
-Thermo-Electric
-Thermal Heating (Energy Recovery)
-Automotive vehicular applications
-Enhanced additives, solid aluminum, gelled aluminum, and chemical hydrides
-Newest Intellectual Property Initiatives

Target Markets

Addressable Annual Gross Sales

-Lift Gas – $150M ($80M fuel related)?
-UUVs – $1.2 B (fuel related: $50M, R&D $30M)?
-Portable power – $8B ($1.6B fuel related)?
-K-Cylinder replacement – $50M (100%)?
-Flameless heating products – $61M?
-International licensing – $200M (100%)?
-Special defense applications – $125M (100%)?
-Distributed Power/vehicular applications using Natural Gas – $ 400M (100%)?

Management

David Cade, President & CEO


David Cade Transcribed Interview

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64668613

17 years as executive in alternative energy field
15 years experience as successful CEO, 14 years in public companies
Brought lithium battery company to commercial production
Previous management positions with AT&T, Martin Marietta, COMSAT and DoD

John Boyle, CTO

One of nation's foremost experts in industrial gas applications, systems design, engineering, safety and innovative technologies/products
Over 30 years experience in industrial gas industry - 18 years with Air Products in various engineering, and executive capacities
Natural Gas and Hydrogen industry safety codes based on his analyses & designs
Law practice focused on high tech commercial transactions worldwide
Significant experience in IP matters, strategic partnerships, capital raising,technology licensing, and day-to-day business operations

Michael McAllister, EVP

Law practice focused on high tech commercial transactions worldwide
Significant experience in IP matters, strategic partnerships, capital raising,technology licensing, and day-to-day business operations


Richard Perkins and Perkins Capital:



Director

Synovis Life Technologies, Inc.
St. Paul , MN
Sector: HEALTHCARE / Medical Appliances & Equipment

Director , China Nuvo Solar Energy, Inc.
West Palm Beach , FL
Sector: TECHNOLOGY / Semiconductor - Specialized

Independent Director , Nortech Systems Incorporated
Wayzata , MN
Sector: TECHNOLOGY / Diversified Electronics

Director , Vital Images, Inc.
Minnetonka , MN
Sector: TECHNOLOGY / Application Software

Richard W. Perkins has served on the Board of the Company since 1987. He has served as President, Chief Executive Officer and a director of Perkins Capital Management, Inc., an investment management firm, since 1984. Mr. Perkins also serves on the Board of Directors of China Nuvo Solar Energy, Inc., Nortech Systems, Inc. and Vital Images, Inc., each of which are public companies, and Pure Choice, Inc. and Duke Financial Group, Inc., both privately held companies. He is a chartered financial analyst. We believe Mr. Perkins? qualifications to serve on our Board of Directors include his business and financial expertise, his knowledge of the medical device industry and his public company director experience.

Richard Perkins Increases his Institutional Postion-Amended Statement of Ownership (SC 13G/A)
Date : 11/15/2011

http://ih.advfn.com/p.php?pid=nmona&article=49973058

AFPW INVESTOR RELATION PRESENTATION



Photos of the PBIS System






Top 5 Emerging Government Technologies


5 Emerging Technologies Soon to Hit the Government Market~Read #2

August 30, 2011 By Chad Vander Veen
When future historians look back on 2011, they’ll certainly conclude that we were a society obsessed with video games, minicomputers masquerading as phones and an endless supply of online distraction. But in a few years, many technologies developed in service of these functions may be repurposed in extraordinarily sensible ways.

Motion control, for example, is driving a revolution in video gaming, but may soon help doctors diagnose patients via video conference. Augmented reality, used on smartphones to track down bars, might soon make police officers smarter and safer. In two decades, unmanned aerial vehicles plying the skies might be mundane. The following five emerging technologies are poised to go from amazing to ordinary — and the change will most certainly benefit us.

1. Motion Control
Whether you play video games or not, you’ve no doubt heard of the Nintendo Wii. Launched in 2006, the video game console sparked a revolution in interactive entertainment. Now Sony, Microsoft and others have leapt into the motion control market with more powerful and accurate motion controllers. In Microsoft’s case, the premise of the Xbox 360 maker’s new Kinect peripheral is that you are the controller. The technology not only opens the door for innovative video games, but also can transform how people work in the classroom, the operating room or even on the battlefield.

“Right off the bat, areas outside of gaming that have sparked the most interest for the use of Kinect and our natural user interfaces are health care and education,” said Chris Niehaus, director of innovation for Microsoft Public Sector. Kinect uses a 3-D image viewer and a highly sensitive microphone to isolate a user’s movements and voice. This allows Kinect to respond to both gestures and verbal commands.

“I think public safety would be one you would think about right away for that sort of biometric recognition ability,” he said. “In the next few months, you’ll be seeing more announcements and pieces of our technology coming forward around speech recognition.”

Niehaus said Microsoft is refining the Kinect technology’s sensitivity to pick up subtle movements like hand tremors and fluttering eyelids — a capability that will make Kinect technology a tool for doctors conducting telemedicine.

“If [a doctor] is doing a video conference with someone in the living room, the Kinect sensor is not only providing a video link so that you’re seeing and talking to the other person, but it’s also watching different movements to determine if those movements are indicative of pain or side effects,” Niehaus said. “That’s going to assist with early diagnosis and evaluation.” Microsoft, he says, has talked with the U.S. Department of Defense about using the technology for rehabilitation therapy for wounded veterans.

On the education front, Niehaus said there’s interest from schools to create interactive curriculum using Kinect. “There is a big trend toward gamification [adding game mechanics to otherwise traditional activities] and personalized learning,” he said. “There are some education-based games already available for the Xbox — and a lot of them are really STEM (science, technology, education and math) focused.”

For example, 20 Chicago-area public school districts are experimenting with Xbox and Kinect in their classrooms and after-school programs, Niehaus said. “We’re getting a lot of support from organizations like Get up and Move, Play 60 and different nonprofit programs that are focusing on getting kids up and moving, active and keeping them engaged. When you combine that with education, it is really taking off.”

2. Balloon Radio
A common problem on the front lines — be it in war, a disaster or any other emergency — is a lack of communication. In the years since walkie-talkies made their debut, technology has evolved, making it easier for soldiers and first responders to communicate. But most communications improvements have hinged on fixed, physical infrastructure to transmit voice and data over distance. In remote areas, this usually requires personnel to erect radio repeater towers atop geographical high points to facilitate communication over a wide area. In a battle, such personnel are vulnerable to the enemy. In a forest fire, crews risk getting caught behind fire lines.

What if that troublesome tower could be replaced with a balloon? You’d have what Chandler, Ariz.-based Space Data calls a balloon-borne repeater platform — a floating communications hub that can be deployed in minutes by personnel miles from danger. The company offers what are essentially weather balloons loaded with radio repeater gear. The StarFighter model, already used by troops in Afghanistan, facilitates two-way radio communication up to 500 miles while floating at 80,000 feet, safely away from enemy fire. The StarFighter soon may be used by emergency responders.

“It’s a platform that you really can put any type of communication on,” said Gerald Knoblach, CEO of Space Data. “It takes 15 to 20 minutes to prepare it for launch, and the platform rises at about 1,000 feet per minute, so it gets to 90,000 feet in an hour and a half, and then it levels off there and starts relaying voice and data traffic across this big footprint.”

Knoblach said the balloons suspend for about 12 hours and operate at one-tenth the cost of communications aircraft. The range, responsiveness and interoperability of the balloons might make them ideal for emergency responders who suddenly find gaps in their communication networks after a disaster.

“This is tailored for wide communications and really complex terrain,” Knoblach said. “We all see how fast phones are becoming smaller and more capable; we can take all that kind of consumer technology and put it inside this, and every year get more capacity.”

3. Augmented Reality
Augmented reality apps are popular for iPhones and Androids. Generally such apps ask users to point their in-phone camera at a horizon, and the software then overlays the image with restaurant and bar information, or it provides walking directions and other details. A few apps use augmented reality to make a video game of the real world, using large smartphone screens to place digital bad guys on an otherwise normal cityscape. It’s one of those nascent technologies that gets many people excited about future possibilities.

Public safety officials say augmented reality can make public safety personnel more effective while keeping them safer, something Motorola is exploring.

“We spend a lot of time trying to understand the needs of public safety officers and folks in the federal government police and security forces. And it is just not understanding what their needs are today, but also understanding what they are tomorrow,” said Curt Croley, Motorola’s senior director of Innovation and Design. “What piqued our curiosity, and what we are very much watching, is the augmented reality space.”

The confluence of data analytics, high-speed wireless data and sophisticated end-user devices is enabling significant developments in augmented reality, a lot of which is being developed in the consumer world, said Craig Siddoway, Motorola’s director of Advanced Radio Concepts, Innovation and Design. “And we can learn a lot from that. The challenge here is to really allow [a police officer] to focus on what he is trying to do, and that obviously changes under certain conditions.”

An approach might be to provide officers with lightweight glasses that flash different colors in the officer’s peripheral vision indicating danger, or display simple data gleaned from a license plate. The trick is to provide data via augmented reality that improves situational awareness without overwhelming or distracting an officer.

“The context always has to be, first and foremost, the safety of the officer,” Siddoway said. “If he is at a traffic stop, there might be a covert alert that is either a vibration, audible via earpiece or something visual by glasses that suggests, ‘Heads up. Something is going on.’”

Other public safety applications for augmented reality include speech or facial recognition to find suspects in a crowd. Building inspectors could be equipped with 3-D maps of a structure. These capabilities could all be made available in a smart handheld device or even a heads-up display. But there’s only so much data a human can process at once.

“There are variables that we have to understand,” said Motorola CTO Paul Steinberg. “How much information can you present before users shift their focus from something that is more important?”

While no amount of augmented reality is going to lead to a real-life Robocop, the future of augmented reality is so bright you’ve got to wear data-analyzing, situationally aware shades.
Photo: Augmented reality technology may safeguard officers while making them more effective. Photo courtesy of Motorola

4. Intelligent Streetlights
Smart infrastructure, intelligent transportation systems, even the so-called “Internet of things” — all add up to an environment that’s more than meets the eye. But there’s at least one common fixture few of us give a second thought to, yet it’s uniquely positioned to deliver an array of high-tech services — the humble streetlight.

A company called Illuminating Concepts transforms typical streetlights into highly intelligent network nodes that do more than fend off darkness. The Farmington Hills, Mich., company launched a product called Intellistreets that adds lighting control, wireless communication, audio, video and digital signage to any standard streetlight.

Ron Harwood, president and founder of Illuminating Concepts, said Intellistreets can help cities save energy and enhance citizen safety, while even turning a small profit. For instance, restaurants could pay to run advertising messages on downtown intersections equipped with digital signage. Cities also could use visual or audio messages for emergency communications or to guide citizens to emergency evacuation routes.

It’s unbelievable how much more the cities can communicate with pedestrians,” Harwood said. The wireless mesh network capability of Intellistreets also means the streetlights could display — or tell — people bus or train schedules, information on Amber Alerts, that an emergency vehicle is approaching, or help reroute drivers during road closures.

Outfitting a streetlight with Intellistreets costs about $500, according to Harwood. Each fixture operates individually and includes a microprocessor, a dual-band radio system, audio amplifier, digital sound processor, video output and HD video card.

He said the technology is an affordable option to implement smarter streetlights. “Los Angeles and Seattle are spending a lot of money in retrofitting streetlights, and departments of transportation in all 50 states are experimenting with LED fixtures,” Harwood said. “There is a lot of awareness in the cities around retrofitting, but for many, there’s just too little money available for it to happen.”

5. Unmanned Aerial Vehicles
Most of us are familiar with unmanned aerial vehicles (UAVs) — at least the variety used by American military forces to wage war in the air without risking pilots’ lives. But some might wonder why UAVs aren’t being used for mundane activities.

It’s because UAVs have been federally regulated since their inception, meaning the marketplace hasn’t had the freedom to conjure up new ideas for these revolutionary machines, said James Grimsley, president and CEO of Norman, Okla.-based Design Intelligence Inc., a company that develops technology for unmanned aerial systems.

“We call them unmanned aircraft, and we’re not describing them in terms of potential, we’re describing them in terms of what we see is missing, which is the man,” Grimsley said. “But that’s going to be changing in the next two to five years.”

That change will be possible thanks to an evolution in how the Federal Aviation Administration (FAA) regulates UAVs. The FAA’s website states, “To address the increasing civil market and the desire by civilian operators to fly UASs [unmanned aircraft systems], the FAA is developing new policies, procedures, and approval processes.” But the agency says these changes aren’t anticipated until at least 2015.

There are many potential uses for UAVs, Grimsley said, including package delivery. Think for a moment about sending a package overnight. It often means the package is put aboard a piloted airplane. It might then be loaded onto a truck and driven miles to a remote destination.

“UPS charges you $15 to deliver a package, and they have to deliver it overnight regardless of the cost for them,” Grimsley said. “If we had planes that could handle 10 or 20 pounds of cargo that would fly to these small areas and regional hubs, we could move mail and very small cargo and packages. Small vehicles don’t require big airports, they don’t require the infrastructure planes do, and they’re cheaper and safer.”

Grimsley points out all the problems that accompany manned flight just to deliver packages: safety devices, life-support systems, and the destruction that can occur if a large plane crashes. By using UAVS, this could be circumvented and things like organ delivery could be more streamlined.

UAVs may also soon be used as communications relays. Instead of incurring the high cost of launching a satellite, solar-powered UAVs could stay aloft for years and serve the same function as orbit satellites.

Another practical use for UAVs, Grimsley said, would be monitoring municipal assets.

“Cities often buy large amounts of equipment that are all over the place, like tractors and trucks. Those things can be stolen, and it can take quite a while before the government will even realize they’re gone,” he said. “They can be implanted with RFID tags, and you could have a UAV flying around mapping all of these vehicles, and when one shows that it’s no longer within the map, you can go looking for it.”

In the end, the development of the next generation of UAVs will primarily be driven by safety. Just as NASA came to accept robots as far superior for exploration in terms of safety, cost and efficiency, so too will the coming era of everyday UAVs.

“We typically think of the sexy and exciting things first, but they don’t necessarily turn into big financial opportunities,” Grimsley said. “What turns into big opportunities are mundane things like delivering mail, cargo, packages — almost a sort of railroad-in-the-sky type thing. That’s what will really turn int

United States Air Force News

PHILADELPHIA, PA--(Marketwire -10/06/11)- 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.OB - News) (the "Company"), announced today it 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 the US, 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 training by API engineers at the customer's site.

The PBIS-2000 expands the capability of API'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 10 psig) so that the user never has to deal with a high pressure system such as the industry standard K-Cylinder (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 API's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. Based on customer feedback, API believes the PBIS family can become field standard and lift gas product 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).

API's President & CEO, Mr. David Cade, said, "This Air Force award validates API'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."

Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), announced today that it has made significant progress towards fulfilling the Air Force Special Operations Command (AFSOC) contract to develop and deliver a Portable Balloon Inflation System (PBIS-2000) by the end of February, 2012. API has built and tested a number of prototypes validating the system's design parameters, and has lined up the various vendors and manufacturers necessary to complete the system construction.
The contract also calls for delivery of 360 cartridges as well as a spare parts kit, a tool kit and two days of training by API engineers at the customer's site. The PBIS-2000 makes significant advances in API's lift gas generation technology. The latest prototyping and testing prove that the system is capable of generating the necessary amount of hydrogen to launch a 200g weather balloon and special instrumentation payload within 20 minutes, using up to 6 AlumiFuel cartridges contained in a single reactor vessel. The final design is now being fine-tuned, and construction is slated to begin shortly, with an expected completion date on or before the target deadline.

The PBIS-2000 expands the capability of API's current family of hydrogen generators, which includes the PBIS-1000 (developed for a military customer to launch 100g weather balloons), and the PBIS-lite (designed for 30g pilot balloons). While the footprint, weight and safety features of the new PBIS-2000 are similar to the PBIS-1000, the configuration has been modified such that the system operates at ambient pressure (below 10 psig) so that users never have to deal with the high pressures of the industry standard K-Cylinders (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 API's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. Based on customer feedback, API believes the PBIS family can become field standard and lift gas product 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). API believes that this initial purchase will lead to additional units for operations throughout the world. In addition, API has been approached by other military and meteorological users from the US, NATO, and around the world interested in the Portable Balloon Inflation System technology and products.

API's Director of Engineering, Mr. Sean McIntosh, said, "We are very pleased with the testing to date and the current state of the design. We believe we are on track to deliver this new system to the Air Force on time and on spec, and have it become a standard piece of equipment."

PBIS Listed on USAF Website:

https://www.fbo.gov/?s=opportunity&mode=form&id=ce2e23fc2fefe372f384379fde199cb2&tab=core&_cview=0

This is a Brand name requirement please see justification.
0001 - Portable Balloon inflation System (PBIS)-2000 with Hardigg Case: 1 EACH
0002 - PBIS-2000 Cartridges, 12 Cartridges per case: 30 EACH
0003 - PBIS-2000 Spares Kit/Consumables Starter Kit: 1 EACH
0004 - PBIS-2000 Tool Kit: 1 EACH
0005 - Shipping PBIS-2000 Components and Cartridges: 1 EACH
0006 - Two-Day Manufacturer Training Course Onsite

AFPW Showcasing Balloon Inflation System:

Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), announced today it will display its PBIS-1000 unit at the 92nd annual American Meteorological Society (AMS) Meeting in New Orleans, January 23-26, 2012.
The annual AMS Meeting is the largest and most important weather-related conference in the U.S. It brings together all of the key players in the meteorological field, including systems integrators, instrumentation and sensor manufacturers, environmental engineering firms, weather information research and analysis organizations, government users, and commercial customers. There are over 100 exhibitors, and attendance is expected to match last year's event, with more than 3,600 attendees from around the world.

API's PBIS-1000, developed for a military user, with initial delivery in 2010, represents the fourth generation of PBIS technology under development since 2008. The PBIS-1000 uses 2 AlumiFuel cartridges to generate 1,000 liters of hydrogen lift gas in 20 minutes to launch a 100g weather balloon. As API's first PBIS commercial product, the PBIS-1000 represents a unique integration of mechanical, chemical, fluid, gas, and air design leak-proof components -- including coded stainless steel pressure vessels, pumps, tubing, connectors, seals, filters and gauges, all housed in a ruggedized polypropylene case. In September, 2011, API received a contract from U.S. Air Force Special Operations Command for a new system, the PBIS-2000. This new system, now under final development for a late February 2012 delivery, generates sufficient hydrogen to inflate and launch a larger 200g weather balloon.

CAD drawings of the PBIS-2000 will be on display at the AMS Meeting, along with the PBIS-1000 unit, and API will actively be taking orders for PBIS systems from new customers at the Meeting.

The current weather balloon lift gas market is pegged at $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 API's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. Based on customer feedback, API believes the PBIS family can become field standard and lift gas product 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).

API's Director of Engineering, Mr. Sean McIntosh, said, "We are very enthusiastic about showcasing our world-class PBIS technology and products at the AMS Meeting, which will be attended by our present customers and many prospective new ones. The theme of this year's Meeting, 'Technology in Research and Operations,' fits us perfectly."

Future Contracts based on interest in the PBIS System:

API believes the PBIS family can become field standard and lift gas product 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).

Unmanned Underwater Vehicles:




UUV MARKET

United States Navy:

Unmanned Undersea Vehicles (UUVs) -- $1.2 billion market for UUV fuel

API's unique technology combines hydrogen generation along with heat generation, with both sources providing unmatched energy density feeding fuel cells and turbines to power UUVs. Together with its UUV power plant partner, Ingenium Technologies, API is continuing to pursue US Navy program opportunities. API and Ingenium will be presenting the current state of development of their Integrated Hybrid Fuel Cell Power System for UUV applications this November at the Fuel Cell Seminar and Exposition in Orlando Florida. This is the premier annual fuel cell conference in the US.

UUV Showcase at the US Fuel Cell Conference

Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), announced today that its unique technology was featured in a presentation to the premier annual U.S. fuel cell conference last week.
On November 2, API's power plant partner and systems integrator, Ingenium Technologies of Rockford, Illinois, presented the current state of development of their Integrated Hybrid Fuel Cell Power System for UUV applications at the annual Fuel Cell Seminar and Exposition in Orlando, Florida. The centerpiece of the presentation was API's dual fuel source technology which combines hydrogen generation along with heat generation -- with both sources providing unmatched energy density feeding fuel cells and turbines to power UUVs. The event was well attended, with a strong Department of Defense, NASA, and Department of Energy presence. In the presentation, Ingenium also mentioned API's Portable Balloon Inflation System (PBIS) technology and products, which provide the engineering baseline for all of API's hydrogen and thermal fuel source applications. Ingenium and API are continuing to pursue US Navy UUV program opportunities.

Ingenium's Director of Programs, Mr. Mike Schneider, who made the presentation, said, "The presentation was well received and generated a number of questions as well as significant interest. We are very bullish on the capabilities of our hybrid power system, which has been specially designed for UUV applications."

API's President & CEO, Mr. David Cade, said, "The Ingenium Hybrid Power System, featuring API's dual fuel source technology, would give UUVs a significant new capability in terms of mission range and duration as compared to current UUV power sources."

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.

AlumiFuel Power, Inc. Announces Development of a Breakthrough Portable Power Source for the Fuel Cell Applications Market

Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW), (the "Company"), announced today that it has developed a portable power system for military and commercial applications worldwide based on its proprietary aluminum/water reaction.
The overall global market for man portable power (generator and battery replacement) is nearly $8 billion annually, including $4.75 billion for portable systems (100W-500W) and $3.13 billion for mobile systems (25W-100W). The bulk of this market is in the U.S., 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.

API and its portable power partner, Ingenium Technologies of Rockford, Illinois, have successfully built a hydrogen generator capable of powering a 200W fuel cell. The system uses a modified PBIS-1000 cartridge with a different powder chemistry allowing for a very long continuous reaction with yields above 90%. The generator has demonstrated eight hours of continuous operation, a very rapid start up time (less than two minutes), and the ability to stop and restart. Furthermore, canisters that are partially reacted can be stopped and restarted over long periods of time. The generator/cartridge system has shown great scalability and is able to generate hydrogen flow rates suitable for fuel cells ranging from 1W to over 10kW. The generated hydrogen has been analyzed by a third party New Jersey-based laboratory, which has certified that the hydrogen gas is 99.99+% pure, making it suitable for PEM fuel cells according to SAE standards. API and Ingenium are in active discussions with potential fuel cell company partners.

Perhaps most importantly, the enormous amount of hydrogen that can be generated from a single cartridge means high energy densities (long run-times). The U.S. Department of Energy's goals for gravimetric and volumetric hydrogen storage are 5.5 wt% and 40 g/L, respectively, by 2015. Based on current testing, API has already exceeded these numbers. The next step is development of an integrated system (including fuel cell) with an energy density above 1 kWhr/kg and 1 kWh/L, far in excess of even the most advanced batteries. The high energy density and scalability of the system allow it to be used for applications such as soldier-carried portable power systems (20-300W), man-transportable backup power systems (500W-2kW), and small sensors for oceanographic equipment (1-10W).

API's Director of Engineering, Mr. Sean McIntosh, said: "As a direct result of the portable hydrogen generation work we have done for the U.S. Navy and for our military Portable Balloon Inflation System customer, we have made some truly groundbreaking discoveries that we have been able to very quickly adapt to man-portable power systems. Given our advantages in hydrogen storage densities, ease of use, cost, safety, use of non-toxic chemicals, scalability, recyclability and renewability, we are poised to aggressively enter the market with what essentially is the world's first commercially viable portable 'hydrogen genset.' In addition to commercial applications, there are other Department of Defense funding opportunities for portable power/hydrogen generation that we are now perfectly positioned to address and win."

LAB DEMO FOR US NAVY-GENERATOR FEEDING MULTIPLE POWER MODULES



NAVY AND UUV R&D PROGRAM





AlumiFuel Power, Inc. Develops New Cartridge Configuration for UUV Applications

Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), announced today that it has developed a new AlumiFuel cartridge configuration for Unmanned Undersea Vehicle (UUV) applications. This new cartridge configuration will generate a similar amount of hydrogen as the cartridges used in the PBIS-1000 Portable Balloon Inflation System (which produces 1,000 liters of hydrogen in 20 minutes), but releases the hydrogen over a much longer time period, making it ideally suited for driving a fuel cell powered UUV.
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 and its portable power partner, Ingenium Technologies, Inc. of Rockford, Illinois, are exploring a growing number of opportunities involving naval and commercial power plant applications with the US Navy, major defense contractors, and deepwater services industry players. Ingenium has already submitted several UUV power proposals to the US Department of Defense using API's fuel source technology.

This new cartridge design was configured in connection with the Navy R&D contract recently awarded to Ingenium and API for a novel new fuel source for a fuel cell powered UUV. The short term objective is to provide continuous power up to 2kW for 72 hours. The new cartridge configuration uses the same type of aluminum cartridge as the PBIS-1000, but with a different external physical design, different ratios of proprietary additives, and a modified internal cartridge structure. This new cartridge configuration leads to a much slower generation of hydrogen, matching UUV long mission duration requirements.

Ingenium and API are also exploring several types of hybrid UUV power sources using API's unique and flexible technology, involving superheated steam to drive turbines for underwater propulsion as well as hydrogen powered fuel cell systems -- all of which equate to significant increases in range and operating time for critical Navy missions over present battery power sources. Each type of generator would be activated at different times, depending on the specific mission requirements and profile.

API's Chief Technology Officer, Mr. John Boyle, said: "For quite some time now we have been focused on optimizing our unique technology for UUV applications, and we are gratified that we now have concrete data and viable designs to make this a reality."

PATH TO MARKET PARTNERS:

AlumiFuel Power, Inc. Announces Additional Initiatives With Its Path-to-Market Partners

Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW), (the "Company"), announced today that it is continuing to capitalize on the unique positioning and capabilities of its world class path-to-market partners.
API's novel AlumiFuel powder-based technology generates hydrogen gas and steam/heat for multiple applications aimed at large global markets: hydrogen lift gas generators fill and launch weather balloons; steam and hydrogen generators feed turbines and fuel cells for undersea vehicle power plants; and hydrogen generators drive fuel cells for a wide variety of portable and back-up electrical power applications. AlumiFuel hydrogen and steam/heat power sources provide 5-10X the energy density (runtime) of lithium batteries.

API's path-to-market partner for portable power applications is Ingenium Technologies, Inc. of Rockford, Illinois. The comprehensive, exclusive Partnership Agreement between API and Ingenium 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. In these applications, API's AlumiFuel technology provides the power to drive turbines, fuel cells and/or thermoelectric converters in power plants designed, engineered and/or integrated by Ingenium. In addition to its power systems and development engineering expertise, Ingenium's strengths include marketing to military and commercial customers, and a track record of program wins and successful program execution.

The 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 and Ingenium are exploring a growing number of opportunities involving naval and commercial power plant applications with the U.S. Navy, allied navies, major defense contractors, and deepwater services industry players worldwide. In June 2010, the Ingenium-API team was selected for award of a U.S. Navy R&D contract for a novel new hydrogen fuel delivery system to power future fuel cell-driven UUVs, with Ingenium as the prime contractor. Based on the API-Ingenium development efforts using AlumiFuel, several major prime contractors/defense contractors have expressed keen interest in the API-Ingenium technology approach for UUV power aimed at two specific new multi-million dollar Navy program starts in 2011 for long endurance UUVs, replacing battery-based power, which does not provide sufficient mission duration, range, or safety for naval missions.

The overall global market for man portable power (generator and battery replacement) is nearly $8 billion annually, including $4.75 billion for portable systems (100W-500W) and $3 billion for mobile systems (25W-100W). 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. API and Ingenium have successfully built a hydrogen generator capable of powering a 200W fuel cell. The generator has demonstrated eight hours of continuous operation, a very rapid start up time, and the ability to stop and restart. The generator/canister system has shown great scalability and is able to generate hydrogen flow rates suitable for fuel cells ranging from fractional kW to over 10kW. API and Ingenium are in active discussions with potential fuel cell company partners.

API's path-to-market partner for weather balloon applications is Kaymont Consolidated Industries, Inc. of Long Island, New York, the world's largest distributor of weather balloons. The global market for lift gas fuel is pegged at $150-$200 million and growing, with more than 1,000,000 weather balloons and special purpose balloons launched annually for telecom relay, cloud height measurement and special military applications. API's innovative Portable Balloon Inflation System (PBIS-1000), which was delivered to the first military customer in 2010, enables on the spot generation of hydrogen without any external energy or toxic chemicals, is easier to use and is cheaper than current lift gas solutions. Traditionally, helium has been used as the primary lift gas, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen. The API portable launching unit is far more mobile and cost effective than other on-site hydrogen generation systems. Based on customer reaction, Kaymont believes that the PBIS-1000 hydrogen generator can become the field standard and lift gas product of choice for NATO and allied military customers, and that a scaled down version is an affordable, ideal product for global meteorological customers.

API's President & Chief Executive Officer, Mr. David Cade, said: "The domestic and international marketing opportunities for API and our world class partners are boundless, and we intend to leverage these relationships to the maximum extent possible."

How does AlumiFuel Power International factor into the Company's future financing plans, what is the progress to date, and has the Company met the current listing requirements for the Frankfurt Börse Stock Exchange?

AlumiFuel Power International (AFPI) has been listed on the Frankfurt Börse stock exchange since September 2010. While during most of that period of time there was little to no trading in the stock, more recently there has been increased daily volume and the price as of the close of business on October 10, 2011 was EURO 1.09. The Company owns 47,500,000 shares of AFPI. The Company's plan to generate investor awareness in AFPI in order to create a more liquid and stable trading market is in the initial stages as evidenced by recent trading. In addition to providing a market for the AFPI stock and its stockholders, one significant goal is to use the increased liquidity for the Company's capital raising activities by monetizing a portion of its shares. When successful, this will minimize the dilution to the current AFPW stockholders and potentially create other shareholder maximization initiatives.

In addition, AFPI has addressed and meets the current listing requirements for the Frankfurt Börse Stock Exchange.

AlumiFuel Power Corporation Plans $7.5 Million Financing Through Subsidiary AlumiFuel Power International, Inc.

Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), announced today that it has entered into a Memorandum of Understanding with ARG Vermogensverwaltung AG ("ARG"), a German wealth management company, for facilitating a financing of approximately $7.5 million through the sale of common stock of its majority-owned subsidiary, AlumiFuel Power International, Inc. ("AlumiFuel International"). AlumiFuel International recently completed its listing on the Deutsche Börse-Frankfurt Stock Exchange trading under the symbol ("9AP") in the Open Market segment. AlumiFuel International's shares are not convertible into AFPW shares on any U.S. exchange.
AlumiFuel International is operated by the same management team as the Company's wholly-owned operating subsidiary, AlumiFuel Power, Inc. ("API"), based in Philadelphia, Pennsylvania, and is focused on marketing the Company's hydrogen generation products to countries outside of North America.

"This Memorandum of Understanding is the first step in our goal to broaden our reach outside of North America and provide access to capital for expansion of our product development and marketing activities," stated Company Chief Executive, Henry Fong. "While we must still conduct further due diligence, negotiate and execute definitive agreements and complete other customary procedures for the transaction, we believe this can be accomplished in a relatively short time-frame for a deal of this nature. The creation of AlumiFuel International and this funding, if successfully completed, will allow us to expand our reach internationally and raise significant capital to fund our operations without issuing new AFPW shares."

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