Alumifuel Power Corp. (AFPW)

[InterNATL-INVESTOR]

Right on. Btw: Here is a compilation of DD that has been assembled, it is all the same info everyone (should) already know, but put together all neat & tidy...


AlumiFuel Power Corporation - AFPW is a alternative power production company. Henry Fong, President & CEO has been in the field now for years and has ties to board members all across the industry. Within the past 6 months the company has done the following:

*Henry Fong's Europe trip to shop the PBS-1000 has been re-scheduled until 13 June. Shopping to various commercial entities.

*Senior Analyst Robert Goldman priced AFPW’s worth high, with a target price of 0.40 cents a share

*12 May 2010 US Navy Issues Phase 1 R&D contract for AFPW's PBIS-1000 to power their UUV's currently in development phase.

*Upgraded facilities, effectively quadrupling effective work area

*Hired on new chemists

*Continued Growth on their Intellectual Property portfolio, which they hold in the US and abroad.

*Field testing of their PBS-1000 Hydrogen Fuel Cell was conducted by the Canadian Army recently and helped them develop the product

*PBIS-1000 is Power Cell that can replace current propulsion on weather balloons, more environmentally friendly & safe.

*Company sold four of these units @ $25,000 p/u. Purchase Order was received from Kaymont Consolidated Industries, Inc. of Long Island, New York – the world’s largest distributor of weather balloons and API’s partner for lift-gas applications. Following successful delivery of this initial order, the customer is expected to place an additional Purchase Order in the Second Quarter


AFPW is an alternative energy company that generates hydrogen gas and steam for multiple niche applications
Our hydrogen drives fuel cells for back-up, portable and remote power. Our hydrogen and steam drive underwater propulsion systems and a new class of turbine-based portable and auxiliary power systems. Our hydrogen inflates devices such as weather balloons for military and World Meteorological Organization applications.

AFPW’s unique technology is based on the exothermic chemical reaction of aluminum powder and water.
Products: Hydrogen/steam reactors/generators and drop-in recyclable cartridges.

WE PROVIDE SAFE “DRY HYDROGEN”
Ours is an enabling technology
Delivers 5X the energy density (runtime) of lithium batteries
Opens up doors for new power applications
http://www.alumifuelpowerinc. com/


I personally spoke to the CEO, now the main story is goes like this. The company holds good IP rights, here and abroad, for this one-of-a-kind Hydrogen Power Cell (first and only commercially available Hydrogen Power Cell), which the US NAVY as well as the Canadian Army both show serious interest. So much interest that the navy has given them a phase 1 R&D contract for them to use this technology on their unmanned underwater vehicles. If they can get to phase two or three, there are millions of dollars for the taking. This is real technology. They have little to no competition in this field.

The CEO, Henry Fong, was supposed to got o Europe to get more contracts, but the volcano eruption messed up the trip, but it is now rescheduled for June 13th.

The recent order from the weather balloon NY company is big, they are using the Power that market is huge, $100,000,000 industry.

AFPW is OTCQB , second highest tier on OTC.
OS - 300mill
Float - 30mill DTC approx

Europe trip to shop the product has been rescheduled to 6.13.10
Navy Contract issued 5.12.10 for development on their hydrogen cell for mini-s.