AlumiFuel Power, Inc. Announces Development of a Breakthrough Portable Power Source for the Fuel Cell Applications Market 9:00a ET May 23, 2011 (Market 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 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."
About AlumiFuel Power, Inc. 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 subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple applications requiring on-site, on-demand fuel sources.
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.
CONTACTS: Investor Relations: AlumiFuel Power, Inc. Thomas B. Olson Corporate Secretary 303-796-8940
Technical Information & Marketing: API Laboratories 3711 Market Street, Suite 950 Philadelphia, PA 19104 215-921-9203 Email Contact
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