13:00 | 28.09.2009
AlumiFuel Power, Inc. Begins Manufacture of Its Portable Balloon Inflation System (PBIS-1000) at Apex Piping Systems, Inc.
Early production stage hydrogen generation company AlumiFuel Power, Inc.
(“API”), the Philadelphia, Pennsylvania-based wholly owned operating
subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW), (the
“Company”), announced today that it has begun the manufacturing of its
third-generation portable balloon inflation system (PBIS-1000). This
will be API’s first commercially available product.
The new reactor is a lighter more ruggedized version of its predecessor
with the same hydrogen generating ability (see API’s press release of
August 3, 2009). A detailed Operations and Maintenance Manual for the
PBIS-1000 has also been completed and will be available to customers.
The majority of the PBIS-1000 manufacturing will take place at APEX
Piping Systems, Inc., a large world class welding and manufacturing
facility in nearby Delaware. While the PBIS-1000 will be manufactured at
limited quantities initially, working with such a major firm as APEX
will allow a rapid and seamless increase in production volume later in
the year. These larger quantities will reduce the overall cost of the
reactors going forward.
API’s Director of Engineering, Mr. Sean McIntosh, said: “We are excited
to begin manufacturing the first production units of the PBIS-1000. We
have spent a great deal of time and energy developing this new product,
which will be the foundation for designing and producing many new and
exciting hydrogen generators to serve a multitude of applications far
beyond weather balloons.”
About Apex Piping Systems
Apex Piping Systems, Inc. (www.apexpiping.com)
is a World Class fabricator of piping systems, skid modules, specialty
fabrications and reactor vessels serving the Petro-Chemical, Air
Separation, Nuclear, Hydrogen Fuel Cell, Gas Turbine, Bio-Fuel and other
related industries. Their headquarters is located in Newport, Delaware,
conveniently located off of Interstate 95, with close access to barge
and rail transport. Their main engineering and manufacturing facility
spans over 60,000 square feet, and features a world class
35,000-square-foot ASME code process pipe and pressure vessel
fabrication shop. The company holds ASME “U,” “PP,” “S,” and NBIC “R”
code stamp authorizations, and is certified by TUV SUD America to the
European Pressure Equipment Directive (PED) and ISO ISO 9001:2000.
About AlumiFuel Power, Inc. (API)
API (www.alumifuelpowerinc.com)
is an early production stage alternative energy company that generates
hydrogen gas and superheated steam for multiple niche applications
requiring on-site, on-demand fuel sources, serving National Security and
commercial customers. API’s hydrogen drives fuel cells for portable and
back-up power, fills inflatable devices such as weather balloons, and
can replace costly, hard-to-handle and high pressure K-Cylinders. Its
hydrogen/steam output is also being designed and developed to drive
turbine-based underwater propulsion systems and auxiliary power systems.
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. For more
news and information on API, please visit www.irgnews.com/coi/AFPW.
About AlumiFuel Power Corporation
AlumiFuel Power Corporation recently acquired its wholly owned operating
subsidiary AlumiFuel Power, Inc., a Philadelphia-based early production
stage alternative energy company that generates hydrogen gas and steam
for multiple niche applications requiring on-site, on-demand fuel
sources. The Company also has been conducting biotechnology research,
development and potential commercialization of technologies and products
for new cancer therapeutic agents and cancer fighting drugs called
targeted therapies.
Safe Harbor for Forward-looking StatementsThis news release may contain forward-looking statements that are
made pursuant to the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. While these statements are made to convey
to the public the company’s progress, business opportunities and growth
prospects, they are based on management’s current beliefs and
assumptions as to future events. However, since the company’s operations
and business prospects are always subject to risk and uncertainties, the
forward-looking events and circumstances discussed in this news release
might not occur, and actual results could differ materially from those
described, anticipated or implied. For a more complete discussion of
such risks and uncertainties, please refer to the company’s filings with
the Securities and Exchange Commission.
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