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AlumiFuel Power, Inc. Announces Delivery of Its First Production Hydrogen Generator

^{Published on 2009-12-30 04:05:11 - 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 taken delivery of its first production unit hydrogen generator, the PBIS-1000. API also announced that, with the help of its local manufacturing partner, Apex Piping Systems (see API news release of September 28, 2009), its production line is fully ready for mass production of its hydrogen generators. The design and construction of this third generation of the PBIS-1000 incorporates significant feedback from customers, and customer deliveries are expected to begin in early 2010.

API's PBIS-1000 relies on the robust chemical reaction among aluminum, water, and proprietary additives. Operation of the generator is simple: two 32-oz. "aluminum can" cartridges containing aluminum powder and the proprietary additives, are loaded into the reactor vessels. Water from practically any source, including salt or brackish water, is poured into the water tank, and a hand pump is then used to inject water into the cartridges, generating 1,000 liters of hydrogen in 20 minutes.

While API's hydrogen generator was initially designed for the remote inflation of weather balloons (hence its name, Portable Balloon Inflation System), the quality of hydrogen the reactor generates is easily adaptable to fuel cells and many other systems requiring remote/portable hydrogen. Currently, large, heavy and hard-to-handle steel "K-Cylinders" under very high pressures are used to transport and deliver hydrogen to customers. The PBIS unit instead relies on small unpressurized cartridges of aluminum powder and any available water source. This greatly reduces the cost and danger of transporting hydrogen, and makes hydrogen available to previously inaccessible locations.

Unlike expensive electrolysis systems, API's generator does not need an external power source, and unlike steam reformers, API's generator creates no greenhouse gases. Furthermore, all the chemicals used in the reaction are non-toxic and can be recycled or discarded in municipal dumps. API's hydrogen generator is more mobile and considerably less expensive than any other system on the market.

API's Director of Engineering, Mr. Sean McIntosh, said: "We are of course very excited about the delivery of our first production unit hydrogen generator, but we are even more excited about having a very robust and agile manufacturing system in place to quickly and easily ramp up our production in a very cost-effective manner. And there is nothing in the market that even comes close to this unit in terms of its versatility to handle a variety of applications."

API's Chief Technology Officer, Mr. John Boyle, added: "In an age of frequent international outsourcing, we have kept the production of nearly all of our generator components very local. While beneficial to the U.S. economy at large, keeping our production local was driven by one very practical concern: quality of components. When it comes to the kind of high quality components needed in any system involving hydrogen, the U.S. is still the world leader. And many of the best U.S. manufacturers are found right here on the East Coast."

About Apex Piping Systems

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)

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.

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