SOURCE: AlumiFuel Power Corporation
CENTENNIAL, CO--(Marketwire - Nov 12, 2012) - Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company") announced today that the President and CEO of its operating subsidiary, Philadelphia-based AlumiFuel Power Technologies, Inc., was interviewed by WVXU in Cincinnati on November 7, 2012 on the Company's hydrogen fuel solutions for backup power systems. (See AFPW news release of November 1, 2012.)
Following the severe backup power issues that arose during Superstorm Sandy, Ann Thompson, WVXU's science reporter, did a technology focus piece covering the gaps in grid technology and efforts to restore power, as well as the development of technologies to prevent future outages by providing uninterrupted backup power for such critical functions as wireless telecommunications. Ms. Thompson read about AlumiFuel Power's backup power technology on the internet, and sought out Mr. David Cade, CEO of AlumiFuel Power Technologies. The interview was aired Sunday, November 11, at 7:50am (live stream at www.wvxu.org) and will be available on the WVXU website Monday afternoon, November 12, 2012, at this link: http://www.wvxu.org/programs/focus-technology.
During the interview, Mr. Cade provided an overview of the Company's hydrogen generation technology and applications, with special emphasis on backup power solutions feeding AlumiFuel hydrogen to fuel cell-based systems.
The large and growing U.S. backup power market, traditionally served by lead-acid batteries and gasoline or diesel generators, is increasingly adopting hydrogen PEM fuel cell systems to replace these earlier technologies. Today, most of these fuel cell backup power systems rely on K-Cylinders to provide the hydrogen for the fuel cells. Virtually all of the fuel cell companies and telecom carriers are seeking a better hydrogen solution for backup power systems. The use of K-Cylinders for these applications entails high logistics costs, handling difficulties, and continuous high-pressure storage risks. AFPW has developed a solution for a 5kW system which would replace 6 K-Cylinders with 6 large AlumiFuel cartridges. This solution results in a much cheaper logistics chain (the cartridges can be disposed of in city dumps), on-demand hydrogen under very low pressures instead of constant high pressures, twice the backup power runtimes, and a lighter weight power cabinet.
AluniFuel Power Technologies' CEO, Mr. David Cade, said: "Ms. Thompson's technology focus piece on WVXU clearly captured the scope and impact of backup power issues during natural disasters such as Superstorm Sandy, with an emphasis on new technologies which are being brought to bear on this continuing problem. AlumiFuel Power is proceeding with technology development efforts to address the fuel side of this challenge."
About AlumiFuel Power Corporation
AlumiFuel Power Corporation, operating through its wholly owned subsidiary, AlumiFuel Power Technologies, Inc., is an early production stage alternative energy company that generates hydrogen gas and steam/heat through the chemical reaction of aluminum powder, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. The Company's hydrogen feeds fuel cells for backup and portable power; provides lift gas for 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 fuel cell-based and turbine-based undersea propulsion systems and auxiliary power systems. The Company 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.
Safe Harbor for Forward-looking Statements
This 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.