SOURCE: AlumiFuel Power Corporation

AlumiFuel Power Corporation

September 18, 2013 07:00 ET

AlumiFuel Power Corporation Continues to Pursue Global Lift Gas Market for Its PBIS Systems

PHILADELPHIA, PA--(Marketwired - Sep 18, 2013) - Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (the "Company") announced today that its wholly owned operating subsidiary, Philadelphia area -based AlumiFuel Power Technologies, Inc., will be participating in the Meteorological Technology World Expo in Brussels, Belgium, October 15-17, 2013. (www.meteorologicaltechnologyworldexpo.com). This annual event is an important international exhibition for the meteorological systems and services community and their customers. The Met World Expo is an important industry event, and provides a market forum for the face to face presentation and discussion of AlumiFuel Power's Portable Balloon Inflation System (PBIS) technology and products.

Last year, the Met World Expo had 140 exhibitors and attracted over 2500 attendees from 77 different countries. At last year's event, AlumiFuel Power promoted its new PBIS-2000 for filling weather balloons alongside the leading global manufacturers and service providers of climate, weather, and hydrometeorological instrumentation. Mr. Ed Figelman, AlumiFuel Power's marketing lead for PBIS systems, met with prospective customers from the U.S, Europe, and elsewhere, and found significant interest in our new PBIS products for filling weather balloons from both civilian and military users alike.

The 2013 Met World Expo is expected to be even larger than last year with over 160 exhibitors and an expectation of more than 3000 attendees. The various and continuing difficulties of sourcing helium and of using other sources of hydrogen are still clearly on the minds of those tasked with deploying weather balloons. AlumiFuel Power's PBIS technology and products are an appropriate solution to these difficulties and are sure to continue to generate significant interest. While AlumiFuel Power is not formally exhibiting this year, Mr. Figelman has already scheduled meetings with various worldwide end users, distributors, and providers of complimentary balloon sounding equipment, and expects updates on respective sales opportunities and procurement programs.

The U.S. Air Force Special Operations Command continues to conduct field testing of the PBIS-2000 unit (see AFPW news release of June 19, 2013). Once the field trials are completed, the Company anticipates orders for production versions of the PBIS-2000 hydrogen lift gas generator and AlumiFuel cartridges from the Air Force and other potential customers worldwide. Meanwhile, the NATO country which took delivery of three PBIS-1000 units in 2010 is in the process of putting out an RFI/RFP for the purchase of operational PBIS systems, reportedly based on the specifications of the PBIS-1000. AFPW expects this process, including contract award, to be completed by the end of March, 2014, with the purchase of production units in 2014, 2015 and 2016.

The current weather balloon lift gas market is estimated to be $200 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. After purchasing any unit of the PBIS family, typical customers would continue to purchase replacement cartridges to launch up to 700 balloons per unit each year (up to 4,200 cartridges).

About AlumiFuel Power Corporation
AlumiFuel Power Corporation, through its U.S. operating subsidiary, AlumiFuel Power Technologies, Inc., is an early production stage alternative energy company that generates hydrogen gas and heat through the chemical reaction of aluminum, 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 generation 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 power fuel cell-based and turbine-based undersea propulsion 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.

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