AFPW – Alumifuel Receives First Purchase Order for Its Portable Balloon Inflation System

 

News article can be found here: http://biz.yahoo.com/bw/
100209/20100209005421.html?.v=
1

 

CENTENNIAL, Colo.–(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 has received a Purchase Order
for three units of its PBIS-1000 Portable Balloon Inflation System. The 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 – on behalf of an unspecified military
customer. Following successful delivery of this initial order, the customer
is expected to place an additional Purchase Order in the Second Quarter.
The PBIS-1000 recently was displayed at the Annual Meeting of
the American Meteorological Society in Atlanta, where it generated considerable
interest among potential customers. The majority of the PBIS-1000 manufacturing
will take place at APEX Piping Systems, Inc., a large world class welding
and manufacturing facility in nearby Delaware. (See API news releases of
January 20, 2010, January 15, 2010, and December 30, 2009).

The
PBIS-1000 is API’s first commercially available product. Incorporating feedback
from the military customer, this fourth generation PBIS-1000 unit is a significant
upgrade over prototype systems previously demonstrated to the customer over
an 18-month period. The production unit has a simpler design with fewer components,
and is lighter, more compact, more ruggedized for military applications,
more user-friendly, and more cost-effective. Using a higher grade stainless
steel construction with better corrosion properties and durable fluorocarbon
rubber for all seals, the upgraded unit can better withstand required pressures
and temperatures over its long expected lifetime. The reactor and water tanks,
as well as all plumbing lines and connectors, have been optimized for weight,
simplicity, and cost, and are stamped and certified with the ASME code –
a standard requirement for commercial pressure vessels. The unit meets Mil
Spec requirements for vibration, environmental and drop tests, and is housed
in a molded polyethylene carrying case used regularly by the military.

In addition, a more effective packaging configuration of the company’s proprietary
AlumiFuel cartridges increases the speed of the reaction and the hydrogen
yield, while reducing cartridge cost. The versatile PBIS-1000 unit can produce
1,000 liters of hydrogen in 20 minutes at ambient temperature and atmospheric
pressure using only two 32-oz. AlumiFuel cartridges.

The PBIS-1000
man-portable reactor and launching unit uses API’s proprietary AlumiFuel
technology to produce hydrogen through the powerful chemical reaction of
powdered aluminum, water and proprietary additives. The device requires only
a simple water hand pump and two small AlumiFuel cartridges to propagate
the reaction and generate sufficient lift gas to launch a 5-foot diameter
weather balloon.

This API innovation, which 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. The global market for lift gas fuel is approximately
$70 million and growing, with more than 1,000,000 weather balloons and special
purpose balloons launched annually for telecom relay, cloud height measurement
and military/national security applications.

API’s Chief Technology
Officer, Mr. John Boyle, one of the nation’s foremost hydrogen experts, said,
“We have devoted significant technical talent, expertise and perseverance
to develop this one-of-a-kind lift-gas system. The production unit, which
is not available anywhere else in the world, represents a remarkable integration
of mechanical, chemical, fluid and gas design elements.”

API’s
President and Chief Executive Officer, Mr. David Cade, said, “This Purchase
Order is the most significant milestone in the history of API. This first
‘sale’ is important in its own right, but in addition, other potential balloon
lift-gas customers, including military and environmental/weather service
users, are closely following the progress of these first operational units.
Along with Kaymont Consolidated, we will be scheduling near-term demonstrations
for this expanded customer base. The PBIS-1000 also enables us to demonstrate
the applicability of our technology to other mobile, back-up, auxiliary and
remote power applications in our target markets, feeding fuel cells and driving
turbine-based underwater propulsion systems and generators.”

About Kaymont Consolidated Industries, Inc.

Kaymont Consolidated Industries, Inc. (www.kaymont.com), 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, Inc.

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 (www.alumifuelpowerinc.com) is an alternative energy company that generates
hydrogen gas and superheated steam for multiple niche applications requiring
on-site, on-demand fuel sources, serving National Security and commercial
customers. API’s hydrogen drives fuel cells for back-up and portable power,
fills inflatable devices such as weather balloons, and can replace costly,
hard-to-handle and high pressure K-Cylinders. Its hydrogen/steam output is
also being designed and developed to drive turbine-based underwater 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, formerly known as Inhibiton Therapeutics, Inc., recently
acquired 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.
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