Good morning and here is some news to start Friday with there Bull.
AlumiFuel Power, Inc. to Display PBIS-1000 Unit at American Meteorological Society (AMS) Conference
CENTENNIAL, Colo., Jan 15, 2010 (BUSINESS WIRE) -- 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 will be displaying its first production unit lift gas hydrogen generator, the PBIS-1000 (see API news release of December 30, 2009), at the AMS Annual Meeting in Atlanta, January 18-19, 2010. The unit will be displayed at the booth of Kaymont Consolidated of Long Island, the world's largest weather balloon distributor and API's partner for lift gas applications, encompassing weather and special purpose balloons for military and meteorological customers.
API's PBIS-1000, manufactured to API's specifications by APEX Piping Systems, Inc., relies on the robust chemical reaction among aluminum, water, and proprietary additives. Operation of the generator is simple: two 32-oz. "aluminum can" cartridges, containing aluminum powder and proprietary additives, are inserted into two reactor vessels in the unit. Water is poured into the unit's water tank, and a hand pump is then used to inject water into the cartridges, generating 1,000 liters of hydrogen in 20 minutes.
This fourth generation PBIS-1000 hydrogen generator has been designed and developed based on feedback from an unspecified military customer following live demonstrations of earlier generations of the product. The PBIS-1000 is expected to become available for purchase by other military and meteorological/weather service customers around the world in the very near future.
API's President and CEO, Mr. David Cade, said: "API and Kaymont are delighted to be able to show this unique world-class product at such an important meteorological conference, which brings together lift gas users from around the world."
About Kaymont Consolidated Industries, Inc.
Kaymont Consolidated Industries, Inc., founded in 1978, has been a provider of the highest quality meteorological balloons to the National Weather Service, U.S. military, and U.S. test ranges. Kaymont's vast experience and knowledge in the worldwide meteorological market make it ideally suited for marketing API's technology to both military and civilian lift gas customers around the world. Kaymont Consolidated is also a leading global supplier of meteorological measuring devices used in military applications, and of humidity calibration chambers for use in various industries.
About Apex Piping Systems
Apex Piping Systems, Inc. (www.apexpiping.com) is a world class fabricator of piping systems, skid modules, specialty fabrications and reactor vessels serving the Petro-Chemical, Air Separation, Nuclear, Hydrogen Fuel Cell, Gas Turbine, Bio-Fuel and other related industries. Their headquarters is located in Newport, Delaware, conveniently located off of Interstate 95, with close access to barge and rail transport. Their main engineering and manufacturing facility spans over 60,000 square feet, and features a world class 35,000-square-foot ASME code process pipe and pressure vessel fabrication shop. The company holds ASME "U", "PP", "S", and NBIC "R" code stamp authorizations, and is certified by TUV SUD America to the European Pressure Equipment Directive (PED) and ISO ISO 9001:2000.
About AlumiFuel Power, Inc. (API)
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 heaters/warmers. 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 acquired in May 2009 its wholly owned operating 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. The Company also has been conducting biotechnology research, development and potential commercialization of technologies and products for new cancer therapeutic agents and cancer fighting drugs called targeted therapies.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
SOURCE: AlumiFuel Power Corporation
CONTACT:
AlumiFuel Power Corporation Investor Relations: Thomas B. Olson, 303-796-8940 Corporate Secretary or Public Relations: The Investor Relations Group (IRG) Mike Graff, 212-825-3210 or Technical Information & Marketing: API Laboratories, 215-921-9203 info@alumifuelpowerinc.com
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