Health & Fitness
Health and Fitness
Health and Fitness
Thu, May 20, 2010 AlumiFuel Power, Inc. Receives First Purchase Order for Its Commercialized AlumiFuel Cartridges
CENTENNIAL, Colo.--([ BUSINESS WIRE ])--Early production stage hydrogen generation company AlumiFuel Power, Inc. (aAPIa), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW), (the aCompanya), announced today that it has received the first Purchase Order for AlumiFuel cartridges for its Portable Balloon Inflation System (PBIS)-1000 portable hydrogen generator. The Purchase Order was received from Kaymont Consolidated Industries, Inc. of Long Island, New York a" the worlda™s largest distributor of weather balloons and APIa™s partner for lift-gas applications a" on behalf of an unspecified military customer.
The cartridges will be used to fuel the three PBIS-1000 units that were delivered to the customer in April (see API news release of April 6, 2010). The PBIS-1000 uses two 32 oz. cartridges to generate 1,000 liters of hydrogen in 20 minutes to launch a 5-foot weather balloon. This initial order of 240 cartridges will be used by the customer for training purposes, prior to anticipated operational deployment of the generators. The customer is expected to place additional Purchase Orders for PBIS-1000 generators in the Second Quarter of 2010, and for a continuing supply of the cartridges.
The cartridges are being manufactured to APIa™s specifications by ActionPak, Inc. of Bristol, Pennsylvania, APIa™s packaging partner (see API news release of February 19, 2010); they will be delivered to the customer using packaging and labeling specifically developed for APIa™s cartridges according to Department of Transportation specifications (see API news release of March 24, 2010). Members of APIa™s technical team will travel to the customera™s location to assist in launching the training program.
APIa™s Director of Engineering, Mr. Sean McIntosh, said, aThis Purchase Order is another significant milestone for API. Delivery of our first commercially produced AlumiFuel cartridges is a testimonial to the state of our technology in this field. Our cartridge design, fabrication, and packaging know-how will allow us to quickly respond to future Purchase Orders from existing and new customers.a
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 itideally suited for marketing APIa™s technologyto 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 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. ActionPaka™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. ActionPak's 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 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. APIa™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 Ration Heaters. 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 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 niche 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 asafe harbora provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the companya™s progress, business opportunities and growth prospects, they are based on managementa™s current beliefs and assumptions as to future events. However, since the companya™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.
