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AlumiFuel Power, Inc. Enhances Advanced Technology Capabilities with Addition of Materials Chemist

^{Published on 2009-12-18 12:55:04 - Market Wire}
 

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 hired materials engineer/chemist Boris Dyatkin, which significantly upgrades API's capabilities to customize its proprietary fuel mixtures.

"Boris brings a very complementary skill set to API, and in the short time that he has been a full-time employee, we have already benefited from his knowledge base and his close affiliation with these two prestigious universities."

Boris holds a Bachelor of Science degree in Engineering from the University of Pennsylvania, and has extensively researched new characterization techniques of nano-scale materials, collaborating with trustee professors at both the University of Pennsylvania and Drexel University. At API, Boris will continue his close interaction with the Drexel Nanotechnology Institute, enhancing API's understanding of the fundamental mechanisms that control the chemical reactions between water and aluminum. Such knowledge will lead to faster and more controllable reactions, and ultimately, better commercial products. (See API news release of July 16, 2009 for more information on API's membership in the Drexel Nanotechnology Consortium.)

API's Director of Engineering, Mr. Sean McIntosh, said, "Boris brings a very complementary skill set to API, and in the short time that he has been a full-time employee, we have already benefited from his knowledge base and his close affiliation with these two prestigious universities."

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.