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API's novel AlumiFuel powder-based technology generates hydrogen gas and steam/heat for multiple applications aimed at large global markets: hydrogen lift gas generators fill and launch weather balloons; steam and hydrogen generators feed turbines and fuel cells for undersea vehicle power plants; and hydrogen generators drive fuel cells for a wide variety of portable and back-up electrical power applications. AlumiFuel hydrogen and steam/heat power sources provide 5-10X the energy density (runtime) of lithium batteries.
API's path-to-market partner for portable power applications is Ingenium Technologies, Inc. of Rockford, Illinois. The comprehensive, exclusive Partnership Agreement between API and Ingenium encompasses power generation and energy storage for Unmanned Undersea Vehicles (UUVs) and submersibles, as well as man-portable, back-up and Auxiliary Power Unit applications. In these applications, API's AlumiFuel technology provides the power to drive turbines, fuel cells and/or thermoelectric converters in power plants designed, engineered and/or integrated by Ingenium. In addition to its power systems and development engineering expertise, Ingenium's strengths include marketing to military and commercial customers, and a track record of program wins and successful program execution.
The overall global 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 billion for mobile systems (25W-100W). The bulk of this market is in the U.S. and Europe, encompassing military applications powering battlefield electronics and munitions, first responder/emergency preparedness applications powering radios and other electronic and medical devices for homeland security& disaster relief, and commercial applications such as shoulder-mounted video cameras. API and Ingenium have successfully built a hydrogen generator capable of powering a 200W fuel cell. The generator has demonstrated eight hours of continuous operation, a very rapid start up time, and the ability to stop and restart. The generator/canister system has shown great scalability and is able to generate hydrogen flow rates suitable for fuel cells ranging from fractional kW to over 10kW. API and Ingenium are in active discussions with potential fuel cell company partners.
API's path-to-market partner for weather balloon applications is Kaymont Consolidated Industries, Inc. of Long Island, New York, the world's largest distributor of weather balloons. The global market for lift gas fuel is pegged at $150-$200 million and growing, with more than 1,000,000 weather balloons and special purpose balloons launched annually for telecom relay, cloud height measurement and special military applications. API's innovative Portable Balloon Inflation System (PBIS-1000), which was delivered to the first military customer in 2010, 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. Based on customer reaction, Kaymont believes that the PBIS-1000 hydrogen generator can become the field standard and lift gas product of choice for NATO and allied military customers, and that a scaled down version is an affordable, ideal product for global meteorological customers.
API's President & Chief Executive Officer, Mr. David Cade, said: "The domestic and international marketing opportunities for API and our world class partners are boundless, and we intend to leverage these relationships to the maximum extent possible."
About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation, is an early production stage alternative energy company that generates hydrogen gas and steam/heat through the chemical reaction of aluminum, water, and proprietary additives. 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.
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 applications requiring on-site, on-demand fuel sources.