AlumiFuel Power, Inc. Developing New Hand-Held Flameless Heating Device
Old News, getting thread caught up to date.
Press Release Source: AlumiFuel Power, Inc. On Thursday October 15, 2009, 7:00 am EDT
CENTENNIAL, Colo.--(BUSINESS WIRE)--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 is developing a new hand-held flameless heating device with several commercial application possibilities.
The flameless heating device uses packets of API’s patented mixture of aluminum powder and proprietary additives. Upon reacting with water, the packets release hydrogen gas, which then pass through various surfaces and chemicals that induce a flameless reaction of hydrogen with the oxygen from the air, resulting in the release of heat. Furthermore, the exothermic nature of the aluminum-water reaction results in the production of additional heat. The components will be integrated into convenient wallet-sized packaging. The system will feature no moving parts or toxic components and will be safe, portable, and easy to use. Each packet will generate heat for over an hour at rates that will allow this device to be safely held in bare hands. Furthermore, as no carbon monoxide is released as a result of the reaction, the system is safe to use in any environment. The packets used in this process can be easily discarded after use.
API’s Director of Engineering, Mr. Sean McIntosh, said: “We are excited about the development of this new product, which showcases the versatility of our technology. This handwarming device can be used for recreational, first aid, and harsh environment applications by such diverse groups as outdoor enthusiasts, sports fans, the military, and emergency responders. The inherent safety, affordability, durability, and heat output will enable us to successfully introduce this product and ultimately capture a share of these multimillion dollar target markets. Upon completing the first phase of this development, we will consider scaling this product up and down to target other new applications.”
About AlumiFuel Power, Inc. (API)
) 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 acquired in May 2009 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 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