AFPW News Thursday, June 5, 2014 9:14:33 PM $AFPW
Post# of 318
NovoFuel Finalizes Design of Pilot Renewable Energy System to Support Cannabis Cultivation
Marketwire - Thu Jun 05, 8:03AM CDT
Early production stage hydrogen generation company, NovoFuel, Inc. (NovoFuel), a wholly-owned subsidiary of AlumiFuel Power Corporation (OTCQB: AFPW), announced today that it has completed the design of a Renewable Energy System (RES) to meet the rapidly expanding energy requirements of legal marijuana growers in the U.S. and Canada, an emerging multi-billion dollar market. (See AFPW news release of April 10, 2014).
NovoFuel and Genport Select Pilot Site and Develop Final Configuration of Plug and Play Renewable Energy Systems for Cannabis Cultivation
Marketwire - Thu May 01, 9:00AM CDT
Early production stage hydrogen generation company, NovoFuel, Inc. (NovoFuel), a wholly-owned subsidiary of AlumiFuel Power Corporation (OTCQB: AFPW), announced today that, along with Genport, srl if Italy, it is actively working with cannabis growers and electric power contractors to develop renewable energy solutions to support cannabis cultivation.
NovoFuel and Genport to Analyze Requirements for Development of Optimized Renewable Energy System to Support Cannabis Cultivation
Marketwire - Thu Apr 10, 9:01AM CDT
Early production stage hydrogen generation company, NovoFuel, Inc. (NovoFuel), a wholly-owned subsidiary of AlumiFuel Power Corporation (OTCQB: AFPW), announced today that it is undertaking a detailed analysis in response to the enormous and rapidly expanding energy requirements of cannabis growers in the U.S. and Canada. (See AFPW news release of March 5, 2014). The analysis is aimed at determining an optimized renewable energy systems solution for cannabis cultivation in areas where medical marijuana is legalized. The analysis is being done in conjunction with Genport, srl of Italy, NovoFuel's renewable energy partner (see AFPW news release of December 19, 2013). The two companies believe they have all requisite technologies in-house to field a system responsive to the needs of cannabis growers, while solving resultant power problems of local utilities. At the present time, marijuana growing for medicinal purposes is legalized in 20 U.S. states, and there is pending legislation to follow suit in 13 other states. Two states, Washington and Colorado, have also legalized it for recreational purposes, and 13 other states are considering similar legislation. Marijuana growing is legalized throughout Canada.
NovoFuel, Inc. Highlights 23% Lower Lifecycle Cost of Its Hydrogen Generation Technology for Backup Power Applications
Marketwire - Thu Mar 13, 6:02AM CDT
Early production stage hydrogen generation company, NovoFuel, Inc. (NovoFuel), the wholly-owned operating subsidiary of AlumiFuel Power Corporation (OTCQB: AFPW) announced today that a study it has completed in conjunction with a fuel cell partner reveals lower lifetime costs of its cartridge-based hydrogen generation technology as compared with other hydrogen generation/storage systems deployed with backup power fuel cells.
AlumiFuel Power Corporation Annnounces Formation of Specialized Energy Applications Group to Target Commercialization Opportunities; Initial Focus Will Be on Commerical Marijuana Cultivation Opportunities
Marketwire - Wed Mar 05, 7:30AM CST
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (AlumiFuel or the "Company" announced today that it has formed a Specialized Energy Applications Group ("SEAG", to target commercialization opportunities. SEAG's initial focus will be on commercial marijuana cultivation operations.
AlumiFuel Power Corporation Continues to Pursue Global Lift Gas Market for Its PBIS Systems
Marketwire - Wed Sep 18, 6:00AM CDT
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (the "Company" announced today that its wholly owned operating subsidiary, Philadelphia area -based AlumiFuel Power Technologies, Inc., will be participating in the Meteorological Technology World Expo in Brussels, Belgium, October 15-17, 2013. (www.meteorologicaltechnologyworldexpo.com). This annual event is an important international exhibition for the meteorological systems and services community and their customers. The Met World Expo is an important industry event, and provides a market forum for the face to face presentation and discussion of AlumiFuel Power's Portable Balloon Inflation System (PBIS) technology and products.
AlumiFuel Power Corporation Updates Status of Genport-Novofuel Merger Transaction
Marketwire - Mon Sep 16, 6:00AM CDT
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (the "Company" announced today that the extensive due diligence process involving the prospective merger transaction with Genport, srl of Italy has now been completed, and the parties are finalizing the definitive Agreement. (See AFPW news release of July 16, 2013).
AlumiFuel Power Corporation Updates Genport Transaction and Litigation Settlement
Marketwire - Tue Jul 16, 6:00AM CDT
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (the "Company", announced today that the previously announced prospective transaction with Genport, srl of Italy is in the final stages of extensive due diligence. Under the terms of the transaction, AlumiFuel Power's and Genport's assets, Intellectual Property (patents and proprietary know-how), technologies, operations, and products would be combined and integrated into a new U.S. alternative energy corporate entity, NovoFuel, Inc. Upon successful completion of the due diligence, the parties expect to sign a definitive merger agreement through which each would own 50% of NovoFuel before any future financings. Capital raising options related to the prospective merger are under consideration by the parties. Following the merger, NovoFuel would have operations in The U.S. and Italy, and be in a position to pursue and capture backup and portable power applications and business opportunities in the U.S., Europe, and o
Modified PBIS-2000 Hydrogen Lift Gas Generator Successfully Tested by the Air Force
Marketwire - Wed Jun 19, 6:00AM CDT
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (the "Company", through its U.S. operating subsidiary, AlumiFuel Power Technologies, Inc., announced today that U.S. Air Force Special Operations Command personnel completed initial testing of the modified Portable Balloon Inflation System (PBIS)-2000 with positive results.
AlumiFuel Power Hydrogen Generation System Viewed as Ideal Fuel Source for Rapidly Expanding Global Backup Power Market
Marketwire - Thu May 30, 6:00AM CDT
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (the "Company", announced today that it is pursuing myriad new 5kW backup power opportunities worldwide through its operating subsidiary, AlumiFuel Power Technologies, Inc.
AlumiFuel Power Corporation Announces Effectiveness of Reverse Stock Split; Company to Trade Under Symbol "AFPWD" for Twenty Business Days Beginning With the Market Open on Wednesday April 24, 2013
Marketwire - Tue Apr 23, 4:00PM CDT
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (the "Company" announced today the effectiveness of a 1 for 200 share reverse split of its common stock that will take effect as of the market open on Wednesday, April 24, 2013. Beginning with the open of business on April 24, 2013 and for a period of 20 business days, the Company's common stock will trade under the stock symbol "AFPWD." The "D" will drop off and the stock will continue to trade under the symbol "AFPW" on the 21st business day.
AlumiFuel Power and Italian Power Solutions Company, Genport, Provide Update on Merger Plans
Marketwire - Wed Feb 20, 7:00AM CST
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company" announced today that the prospective merger of its Philadelphia-based operating subsidiary, AlumiFuel Power Technologies, Inc. (APTI), and Genport srl into a new U.S. corporate entity, NovoFuel, Inc., is proceeding according to plan (see AFPW news release of February 5, 2013). The parties are finalizing a definitive merger agreement through which each would own 50% of NovoFuel before any future financings.
AlumiFuel Power and Italian Power Solutions Company, Genport, Announce Merger Plans
Marketwire - Wed Feb 06, 6:00AM CST
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company", announced today that it has signed a Term Sheet with Genport, srl of Italy, which would merge its wholly-owned Philadelphia-based operating subsidiary, AlumiFuel Power Technologies, Inc., (APTI) and Genport into a new U.S. corporate entity, NovoFuel, Inc. This initiative is the result of continuing Joint Venture discussions between the parties, as reported in the AFPW news release of November 28, 2012. This term sheet will be the basis for, and the parties are moving forward toward completion of, a definitive agreement through which both parties would own 50% of NovoFuel before any future financings.
AlumiFuel Power Exhibits Its PBIS Lift Gas Technology at Annual Meteorological Society Meeting
Marketwire - Tue Jan 22, 6:00AM CST
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company", through its U.S operating subsidiary, AlumiFuel Power Technologies, Inc., announced today that its unique Portable Balloon Inflation System (PBIS) technology generated significant interest at the 93rd annual American Meteorological Society (AMS) Meeting in Austin, Texas, January 7-10, 2013.
AlumiFuel Power Returns the Modified PBIS-2000 Hydrogen Lift-Gas Generator to the Air Force
Marketwire - Tue Jan 08, 6:00AM CST
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company", through its U.S operating subsidiary, AlumiFuel Power Technologies, Inc., announced today that it has completed the modifications on the Portable Balloon Inflation System (PBIS)-2000 under contract, and has shipped the unit back to the US Air Force Special Operations Command (see AFPW news release of September 24, 2012).