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AlumiFuel Power International, Inc.: ALUMIFUEL INTERNATIONAL POISED TO ADDRESS MULTI-BILLION EURO MARKETS WITH ITS UNIQUE HYDROGEN GENERATION TECHNOLOGY
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AlumiFuel Power International, Inc.: ALUMIFUEL INTERNATIONAL POISED TO
ADDRESS MULTI-BILLION EURO MARKETS WITH ITS UNIQUE HYDROGEN GENERATION
TECHNOLOGY
27.09.2011 / 06:00
ALUMIFUEL INTERNATIONAL POISED TO ADDRESS MULTI-BILLION EURO MARKETS WITH
ITS UNIQUE HYDROGEN GENERATION TECHNOLOGY
Technology ready for global commercialization after years of intensive
Research & Development & Multi-Million Euro Investment
PHILADELPHIA, Pennsylvania, 27 September 2011. - AlumiFuel Power
International, Inc. (´AlumiFuel International´) (Deutsche Börse Frankfurt
Stock Exchange ´9AP´), announced today that its international marketing
program is ready to leverage the unique technology and world class
path-to-market partners for its licensed technology.
AlumiFuel International´s AlumiFuel powder-based technology generates
hydrogen gas and heat for multiple applications aimed at large global
markets:
- Weather Balloon Inflation
The Company is marketing its PBIS of hydrogen lift gas generators to fill
and launch weather balloons. The global market for lift gas fuel is pegged
at EUR105-EUR150 million and growing, with more than 1,000,000 weather
balloons and special purpose balloons launched annually for meteorological,
telecom relay, and special military applications;
- Portable back-up Power
The Company has designed hydrogen generators to drive fuel cells for a wide
variety of portable and back-up electrical power applications. The overall
global market for man portable power (generator and battery replacement) is
nearly EUR5.5 billion annually, including EUR3.3 billion for man-portable
systems (100W-500W) and EUR3 billion for mobile systems (25W-100W);
- Hydrogen Generators for Unmanned Underwater Vehicles
The Company is developing heat and hydrogen generators to feed turbines and
fuel cells for undersea vehicle power plants. The global UUV market is
expected to reach EUR8.4 billion over the next decade, encompassing
commercial, naval and other national security applications. This number
includes EUR840 million for the power systems, with EUR280-EUR350 million
related to the fuel modules; and
- Small Hydrogen Generators for Science Educators
The Company has developed its small H24U hydrogen generator that it will
market to secondary schools and universities for science experiments. The
size of this global market is conservatively estimated to be EUR175 million
to meet an unfilled need and become a science lab fixture for secondary
schools and universities worldwide.