AFPW News AlumiFuel Power Reports Progress in B
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AFPW News
AlumiFuel Power Reports Progress in Back-Up Power and Undersea Vehicle Power Applications Initiatives
2012-05-02 07:00 ET - News Release
CENTENNIAL, CO -- (Marketwire) -- 05/02/12
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company") through its subsidiaries, announced today that discussions with key industry players in two separate applications areas have progressed to the point where Non-Disclosure Agreements have been signed and a detailed assessment of requirements is underway. In both cases, the industry players are interested in the Company's technology since it provides viable new sources and methods of generating hydrogen.
AlumiFuel and a major back-up power company are addressing a specific requirement for a 5kW stationary power system providing back-up for telecommunications and medical facilities. AFPW's technology is particularly attractive to the industry player because: (1) the 99.99% purity of its hydrogen is ideal for feeding fuel cells as compared with other sources of hydrogen that contain contaminants which must otherwise be removed; and (2) the hydrogen generation system is reliable in locations with hot or cold weather extremes. An initial design concept has 6 large AlumiFuel cartridges providing 19 hours of back-up power for a 5kW power cabinet.
A major aerospace and marine systems company recently completed a survey of "hydrogen on demand" technologies, and concluded that the AlumiFuel system has a lot of potential for commercial undersea vehicle applications. They believe this especially true in harsh maritime environments such as the Arctic Ocean area, where oil and natural gas firms are conducting ocean floor surveys for drilling, and battery powered systems are ineffective in such extremely cold climates. AlumiFuel and its undersea vehicle power partner, Ingenium Technologies, are actively exploring this application with its previously developed technology solutions for undersea power.
The Company's Chief Technology Officer, Mr. John Boyle, said: "These two new opportunities represent an extension of our lift gas hydrogen generation technology and products to other addressable applications which we believe will be major markets for AFPW going forward."
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