AlumiFuel Power International Inc.
AlumiFuel Power International Inc.: ALUMIFUEL POWER INTERNATIONAL TO OFFER NEW LARGER PORTABLE BALLOON INFLATION SYSTEM PRODUCT
AlumiFuel Power International Inc. / Key word(s): Miscellaneous ALUMIFUEL POWER INTERNATIONAL TO OFFER NEW LARGER PORTABLE BALLOON INFLATION SYSTEM PRODUCT PHILADELPHIA, Pennsylvania, 14 August 2011. – Early production stage hydrogen generation company AlumiFuel Power International, Inc. (‘AlumiFuel International’) (Deutsche Börse Frankfurt Stock Exchange ‘9AP‘), announced today that it is developing a new member of the Portable Balloon Inflation System (PBIS) family – the PBIS-2000 – to fulfill the needs of certain military customers. The new system will generate significantly more hydrogen for larger weather balloon applications. The PBIS-2000 will expand the capability of the Company’s current family of hydrogen generators that includes the PBIS-1000 (for 100g balloons) and the PBIS-lite (designed for 30g pieball balloons). While the footprint, weight and safety features of the PBIS-2000 are similar to the PBIS-1000, the configuration has been modified such that the system operates at atmospheric pressure (below 70 kPa [10 psig]). The current weather balloon market is pegged at EUR105-150 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 and cost effective than other on-site hydrogen generation systems. Based on customer feedback, the Company believes the PBIS family can become field standards and lift gas products of choice for NATO military users and meteorological customers worldwide. 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). AlumiFuel International’s Director of Engineering, Mr. Sean McIntosh, said, ‘We believe PBIS-2000 is a significant addition to our PBIS family. Not only does this system fill an existing gap for much larger weather balloons, which are a larger portion of the market, but it represents a significant advancement in the state of hydrogen generation technology. The greatest inhibitor to launching weather balloons in remote locations – where the military operates and considerable meteorological research is done – is the cost and difficulty of transporting the source of lift gas. The PBIS family will drastically reduce these factors, and enable launches in previously inaccessible areas.’ About AlumiFuel Power International, Inc. CONTACTS: End of Corporate News 14.10.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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