AlumiFuel Power International Inc.
AlumiFuel Power International Inc.: ALUMIFUEL POWER DELIVERS THE PBIS-2000 TO U.S. AIR FORCE
AlumiFuel Power International Inc. / Key word(s): Development of Sales FOR IMMEDIATE RELEASE ALUMIFUEL POWER DELIVERS THE PBIS-2000 TO U.S. AIR FORCE Delivery Sets the Stage for Marketing PBIS Systems Outside of North America CENTENNIAL, Colorado, 19 April 2012. – AlumiFuel Power International, Inc. ('AlumiFuel International') (Deutsche Börse Frankfurt Stock Exchange '9AP'), announced today that its technology development arm ('the Company') has shipped the PBIS-2000 Portable Balloon Inflation System to the U.S. Air Force Special Operations Command (AFSOC) under contract. A team of the Company's engineers will conduct training at the customer's site this week. The PBIS-2000 generates sufficient hydrogen to inflate and launch a 200g weather balloon with a 1400g payload package in 20 minutes. This new system showcases the latest lift gas technology developed by the Company, including operations at low temperatures and ambient pressure (below 70 kPa) so that the user never has to deal with a high pressure system such as the industry standard K-Cylinder (15,600 kPa). The unit represents a unique integration of mechanical, chemical, fluid, gas, and air design components – including coded stainless steel pressure vessels – housed in a ruggedized polypropylene case. It has the capability to use up to six AlumiFuel cartridges per launch depending on the launch time requirements and balloon size. The Air Force customer has operational plans for this first PBIS-2000 unit following the on-site training session by Company engineers. After this field testing by Air Force personnel, the Company anticipates that the customer will purchase additional units for operations around the globe. Moreover, The Company has been approached by other military and meteorological users from the US, NATO, and around the world interested in the Portable Balloon Inflation System technology and products. The PBIS-2000 expands the capability of the Company's current family of hydrogen generators, which also includes the PBIS-1000 (for 100g balloons) and the PBIS-200 (designed for 30g pilot balloons). After purchasing any unit of the PBIS family, typical customers continue to purchase replacement cartridges to launch up to 700 balloons per unit each year (up to 4,200 cartridges). The current weather balloon lift gas market is pegged at EUR150 million per year, and encompasses military as well as civil government meteorological users worldwide. Traditionally, helium has been used as the primary lift gas for weather balloons, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen and the Company's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. AlumiFuel International plans to aggressively market PBIS products in Europe and other regions outside of North America. The Company's Chief Technology Officer, Mr. John Boyle, said: 'Completion of this first PBIS-2000 unit represents a major milestone for the Company, and we are excited about meeting the stringent mission requirements of Air Force Special Operations users. Since weather balloons are typically launched in remote locations, the cost and difficulty of transporting the source of lift gas is a problem for many users. The PBIS family will drastically reduce these factors, enabling launches in previously inaccessible areas worldwide. We are confident that AlumiFuel International will be highly successful in penetrating global markets with these PBIS products.'
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