CENTENNIAL, CO--(Marketwire - 08/11/10) - Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTC.BB:AFPW - News) (the "Company"), announced today that it has begun development of a soldier/man portable PEM fuel cell hydrogen generator based on the same aluminum-water technology used to generate hydrogen with the PBIS-1000 Portable Balloon Inflation System already in the hands of customers. The man portable system is designed to generate enough hydrogen to power a 25W-500W fuel cell.
The overall market for man portable power (generator and battery replacement) is nearly $8 billion annually, including $4.75 billion for portable systems (100W-500W) and $3.13 billion for mobile systems (25W-100W). This market encompasses military applications powering battlefield electronics and munitions, first responder/emergency preparedness applications powering radios and other electronic and medical devices for Homeland Security and disaster relief, and commercial applications such as shoulder-mounted video cameras.
API and its portable power partner, Ingenium Technologies, Inc. of Rockford, Illinois, are aggressively pursuing specific man portable power opportunities and have already submitted a proposal in response to a Department of Defense solicitation. In order to complete a 72 hour mission requiring 25W of power, the soldier must currently carry 21 lbs. of batteries using the BA5390 lithium/manganese dioxide primary (non-rechargeable) battery. A similar AlumiFuel system would weigh less than half that.
The soldier/man portable hydrogen generator is a lightweight unit (under 10 lbs) using a similar AlumiFuel cartridge configuration as is used in the PBIS-1000. However unlike the PBIS-1000, which generates 1000 liters of hydrogen in 20 minutes, this man portable system will generate the same amount of hydrogen, but over a longer period of time -- from 4-72 hours depending on cartridge size and required power level. Eventually API's man portable hydrogen generator will be fully integrated with a fuel cell. The system could replace current batteries used by the US Army to power radios and other electronics on the battlefield. API's system has 4-5 times the energy density (runtime) of lithium batteries presently being used, and does not have any drop in power towards the end of its run. The system will also not lose efficiency in very hot and cold working conditions as batteries are prone to do.
Competing hydrogen storage/fuel cell technologies for soldier/man portable power such as methanol reformers and metal hydrides have drawbacks. Reformers run at temperatures that can exceed 100C and have start-up times that exceed 15 minutes, while API's system starts in less than two minutes. API's system has higher hydrogen storage densities than both technologies, is less expensive, runs at much lower temperatures, generates no green house gases, and contains no toxic materials.
API's Director of Engineering Sean McIntosh said, "This ground-based man portable technology fits very nicely with our current hydrogen generation development work on the PBIS-1000 and our hydrogen generation development for powering Unmanned Undersea Vehicles (UUVs) under an R&D contract with the US Navy."
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. 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 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 "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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