AFPW- Breaking News, Mass Production Has Commenced!
Just Released some fantastic news this morning, with the help of
ActionPak Inc, Mass Production has Commenced! With the today’s
announcement and the recent accomplishment of AFPW landing their first
purchase order we expect new orders to come, in turn driving some
serious cash in AFPW’s direction.
ActionPak, Inc. Begins Production of AlumiFuel Power, Inc.’s PBIS-1000 Cartridges
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
ActionPak Inc., a Philadelphia area world-class packaging and assembly
company with a 30-year industry pedigree, has begun production of API’s
AlumiFuel cartridges which provide the fuel for API’s Portable Balloon
Inflation System 1000 (PBIS-1000). Three PBIS-1000 units were
recently purchased by a military customer. (See API news release of
February 9, 2010.) API’s 32-oz. cartridges, filled with aluminum powder
and proprietary additives, are inserted into two reactor vessels on the
PBIS-1000 to generate 1,000 liters of hydrogen in 20 minutes once water
is pumped into the cartridges. API has designed the cartridge to
withstand the necessary temperatures and pressures, while maintaining
its integrity. API and ActionPak have devised and implemented a process
to produce the cartridges efficiently and cost effectively. API’s
PBIS-1000 portable hydrogen generator, along with ten cartridges,
generates the same amount of hydrogen (5,000 liters) as a heavy and
hard-to-handle K-Cylinder. By replacing highly pressurized K-Cylinders,
API’s generator and cartridge-based system greatly reduces the cost and
danger of transporting hydrogen, making the gas more readily available
in remote and other inaccessible locations, as well as for portable
applications.
Having the flexibility, capability, and capacity to produce the
cartridges in high volumes, ActionPak agreed to manufacture API’s
cartridges on an outsourcing basis. With ActionPak’s background,
expertise, and versatility in military and commercial packaging, both
companies are looking to create a long-term relationship and have
already begun exploring options for the production of API’s Flameless
Ration Heaters for military and commercial customers worldwide. (See
API news releases of January 4, 2010 and December 21, 2009.) API’s
Director of Engineering, Mr. Sean McIntosh, said: “ActionPak is as
excited as we are about the many new business opportunities emanating
from this relationship. The proximity of their plant and their ability
to quickly adapt to new requirements are an ideal match for API’s
needs.” About ActionPak, Inc.
ActionPak (www.actionpakinc.com), a premier contract packaging and
assembly company for more than 30 years, is located in a suburban
Philadelphia Industrial Park. ActionPak has over 250,000 square feet of
production and warehouse space, and a workforce of over 200 employees.
The company services many major brands and Fortune 500 companies,
helping to design, assemble and package products. ActionPak’s business
is diverse, and to prevent cross contamination, Food, Beverage and Over
the Counter products are kept in separate buildings from its Military,
Industrial and Export packing businesses. Since it executes both U.S.
Military and Foreign Military sales contracts, the company is
thoroughly familiar with military handling and shipping requirements,
and a resident Department of Defense (DoD) Quality Assurance
Representative is stationed at its facility. ActionPaks key accounts
have included: General Electric, Northrop Grumman, Coca-Cola, Heinz,
ConAgra, and the DoD.
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.
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.
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