13:00 | 20.05.2010
AlumiFuel Power, Inc. Receives First Purchase Order for Its Commercialized AlumiFuel Cartridges
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 received the first Purchase
Order for AlumiFuel cartridges for its Portable Balloon Inflation System
(PBIS)-1000 portable hydrogen generator. The Purchase Order was received
from Kaymont Consolidated Industries, Inc. of Long Island, New York –
the world’s largest distributor of weather balloons and API’s partner
for lift-gas applications – on behalf of an unspecified military
customer.
The cartridges will be used to fuel the three PBIS-1000 units that were
delivered to the customer in April (see API news release of April 6,
2010). The PBIS-1000 uses two 32 oz. cartridges to generate 1,000 liters
of hydrogen in 20 minutes to launch a 5-foot weather balloon. This
initial order of 240 cartridges will be used by the customer for
training purposes, prior to anticipated operational deployment of the
generators. The customer is expected to place additional Purchase Orders
for PBIS-1000 generators in the Second Quarter of 2010, and for a
continuing supply of the cartridges.
The cartridges are being manufactured to API’s specifications by
ActionPak, Inc. of Bristol, Pennsylvania, API’s packaging partner (see
API news release of February 19, 2010); they will be delivered to the
customer using packaging and labeling specifically developed for API’s
cartridges according to Department of Transportation specifications (see
API news release of March 24, 2010). Members of API’s technical team
will travel to the customer’s location to assist in launching the
training program.
API’s Director of Engineering, Mr. Sean McIntosh, said, “This Purchase
Order is another significant milestone for API. Delivery of our first
commercially produced AlumiFuel cartridges is a testimonial to the state
of our technology in this field. Our cartridge design, fabrication, and
packaging know-how will allow us to quickly respond to future Purchase
Orders from existing and new customers.”
About Kaymont Consolidated Industries,
Inc.
Kaymont Consolidated Industries, Inc. (www.kaymont.com),
founded in 1978, has been a provider of the highest quality
meteorological balloons to the National Weather Service, U.S. military,
and U.S. test ranges. Kaymont’s vast experience and knowledge in the
worldwide meteorological market make it ideally suited for marketing
API’s technology to both military and civilian lift gas customers around
the world. Kaymont Consolidated is also a leading global supplier of
meteorological measuring devices used in military applications, and of
humidity calibration chambers for use in various industries.
About ActionPak, Inc.
ActionPak (www.actionpakinc.com),
a premier contract packaging and assembly company for more than 30
years, is located in a suburban Philadelphia Industrial Park. ActionPak
has over 250,000 square feet of production and warehouse space, and a
workforce of over 200 employees. The company services many major brands
and Fortune 500 companies, helping to design, assemble and package
products. ActionPak’s business is diverse, and to prevent cross
contamination, Food, Beverage and Over the Counter products are kept in
separate buildings from its Military, Industrial and Export packing
businesses. Since it executes both U.S. Military and Foreign Military
sales contracts, the company is thoroughly familiar with military
handling and shipping requirements, and a resident Department of Defense
(DoD) Quality Assurance Representative is stationed at its facility.
ActionPak’s key accounts have included: General Electric, Northrop
Grumman, Coca-Cola, Heinz, ConAgra, and the DoD.
About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com)
is an early production stage alternative energy company that generates
hydrogen gas and superheated steam through the chemical reaction of
aluminum, water, and proprietary additives. This technology is ideally
suited for multiple niche applications requiring on-site, on-demand fuel
sources, serving National Security and commercial customers. API’s
hydrogen feeds 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/heat output
is also being designed and developed to drive turbine-based underwater
propulsion systems and auxiliary power systems, and as the fuel for
Flameless Ration Heaters. 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 operates through its wholly owned
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.
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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