Today's Company press release details the first successful sales of the PBIS-1000 Portable Balloon Inflation System to a unspecified Military customer. The rapid commercialization of Alumifuels technology bodes very well for investors taking part in this Ground Floor Opportunity.
Press Release 2-09-2010→
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 received a Purchase Order for three units of its PBIS-1000 Portable Balloon Inflation System. The Purchase Order was received from Kaymont Consolidated Industries, Inc. of Long Island, New York – the world’s largest distributor of weather balloons and API’s partner for lift-gas applications – on behalf of an unspecified military customer. Following successful delivery of this initial order, the customer is expected to place an additional Purchase Order in the Second Quarter.
The PBIS-1000 recently was displayed at the Annual Meeting of the American Meteorological Society in Atlanta, where it generated considerable interest among potential customers. The majority of the PBIS-1000 manufacturing will take place at APEX Piping Systems, Inc., a large world class welding and manufacturing facility in nearby Delaware. (See API news releases of January 20, 2010, January 15, 2010, and December 30, 2009).
The PBIS-1000 is API’s first commercially available product. Incorporating feedback from the military customer, this fourth generation PBIS-1000 unit is a significant upgrade over prototype systems previously demonstrated to the customer over an 18-month period. The production unit has a simpler design with fewer components, and is lighter, more compact, more ruggedized for military applications, more user-friendly, and more cost-effective. Using a higher grade stainless steel construction with better corrosion properties and durable fluorocarbon rubber for all seals, the upgraded unit can better withstand required pressures and temperatures over its long expected lifetime. The reactor and water tanks, as well as all plumbing lines and connectors, have been optimized for weight, simplicity, and cost, and are stamped and certified with the ASME code – a standard requirement for commercial pressure vessels. The unit meets Mil Spec requirements for vibration, environmental and drop tests, and is housed in a molded polyethylene carrying case used regularly by the military.
In addition, a more effective packaging configuration of the company’s proprietary AlumiFuel cartridges increases the speed of the reaction and the hydrogen yield, while reducing cartridge cost. The versatile PBIS-1000 unit can produce 1,000 liters of hydrogen in 20 minutes at ambient temperature and atmospheric pressure using only two 32-oz. AlumiFuel cartridges.
The PBIS-1000 man-portable reactor and launching unit uses API’s proprietary AlumiFuel technology to produce hydrogen through the powerful chemical reaction of powdered aluminum, water and proprietary additives. The device requires only a simple water hand pump and two small AlumiFuel cartridges to propagate the reaction and generate sufficient lift gas to launch a 5-foot diameter weather balloon.
This API innovation, which enables on the spot generation of hydrogen without any external energy or toxic chemicals, is easier to use and is cheaper than current lift gas solutions. Traditionally, helium has been used as the primary lift gas, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen. The API portable launching unit is far more mobile and cost-effective than other on-site hydrogen generation systems. The global market for lift gas fuel is approximately $70 million and growing, with more than 1,000,000 weather balloons and special purpose balloons launched annually for telecom relay, cloud height measurement and military/national security applications.
API’s Chief Technology Officer, Mr. John Boyle, one of the nation’s foremost hydrogen experts, said, “We have devoted significant technical talent, expertise and perseverance to develop this one-of-a-kind lift-gas system. The production unit, which is not available anywhere else in the world, represents a remarkable integration of mechanical, chemical, fluid and gas design elements.”
API’s President and Chief Executive Officer, Mr. David Cade, said, “This Purchase Order is the most significant milestone in the history of API. This first 'sale' is important in its own right, but in addition, other potential balloon lift-gas customers, including military and environmental/weather service users, are closely following the progress of these first operational units. Along with Kaymont Consolidated, we will be scheduling near-term demonstrations for this expanded customer base. The PBIS-1000 also enables us to demonstrate the applicability of our technology to other mobile, back-up, auxiliary and remote power applications in our target markets, feeding fuel cells and driving turbine-based underwater propulsion systems and generators.”
Source- http://finance.yahoo.com/news/AlumiFuel-Power-Inc-Receives-bw-3241814322.html?x=0&.v=1
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