AlumiFuel Power, Inc.'s Technology Showcased at Naval Energy Forum
AlumiFuel Power Corporation (OTCBB: AFPW), announced today that its technology generated considerable customer interest at the Naval Energy Forum in McLean, Virginia, October 14-15, 2009.
The Naval Energy Forum was the first such major conference strictly focused on energy to be conducted within the Department of Defense. The event was attended by over 700 people from government and industry. Key speakers included the Secretary of the Navy, Ray Mabus, the Chief of Naval Operations, Admiral Gary Roughead, and the Commandant of the Marine Corps, General James Conway. All three characterized energy as being critical to U.S. national security and naval capabilities around the globe. The four key themes of the forum were: energy security, energy efficiency, environmental stewardship, and energy science and technology (S&T). Energy S&T is an enabling factor for achieving the Navy’s energy goals and objectives, and in this regard, the Office of Naval Research (ONR) invests in a wide range of energy S&T projects which will increase naval capabilities through advancements in fuels, renewable energy, power generation, storage and distribution, and power loads.The API team attending the forum made or reinforced many key customer contacts, and found significant interest in the company’s technology for a variety of target applications, including undersea vehicle propulsion, feeding fuel cells for on-demand remote power generation, lift gas for special purpose naval balloons, hydrogen boost for diesel engines, flameless heaters for military rations (Meals Ready to Eat, or MREs), and the combustion source for a Navy “hydrogen gun.” API submitted three white papers, and follow-up contacts and meetings were arranged for each of these applications areas.
API’s President and Chief Executive Officer, Mr. David Cade, said, “The visibility accorded to API’s unique technology at the Naval Energy Forum was extremely gratifying. Going forward, we see a number of ways to apply our technology and products to naval requirements, including both the 'blue water' Navy and the Marine Corps. From a new business development standpoint, we intend to take full advantage of these emerging opportunities.”
