is looking strong again today.. We are churning for the next leg up. Strong hands are soaking up shares from the weak investors. AFPW:
Video Charts(1-4-10) & Recent News (1-4-09)
Link to video Chart on Ihub by Clay Trader 1-4-10http://investorshub.advfn.com/boards....aspx?v_id=814
Another Chartist on itsallbull.net has a similar opinion 1-4-10http://www.itsallbull.net/iabtv.php?string=AFPW_1&page=
The News Today was FANTASTIC:
AlumiFuel Power, Inc. Updates Its Commercialization and Marketing Planshttp://finance.yahoo.com/news/AlumiF....html?x=0&.v=1
AlumiFuel Power Corporation (OTCBB: AFPW - News), (the “Company”), announced today that it is positioned to aggressively move into the commercialization stage in early 2010, as one product[hydrogen Generators] is now entering the marketplace and another product is ready for market entry.
SNIPPETS FROM PAST NEWS:
API also announced that, with the help of its local manufacturing partner, Apex Piping Systems (see API news release of September 28, 2009), its production line is fully ready for mass production of its hydrogen generators.
API’s PBIS-1000 relies on the robust chemical reaction among aluminum, water, and proprietary additives. Operation of the generator is simple: two 32-oz. “aluminum can” cartridges containing aluminum powder and the proprietary additives, are loaded into the reactor vessels. Water from practically any source, including salt or brackish water, is poured into the water tank, and a hand pump is then used to inject water into the cartridges, generating 1,000 liters of hydrogen in 20 minutes.
The PBIS-1000 hydrogen generator is now in production, and delivery of these operational units to customers is expected to begin shortly.
The weather balloon market is pegged at $150-$200 million per year, and encompasses military as well as civil government meteorological users worldwide. API and its partner, Kaymont Consolidated of Long Island, NY – the world’s largest distributor of weather balloons – have demonstrated pre-production versions of the PBIS-1000 to customers, and the production unit reflects considerable customer feedback. Based on customer reaction, Kaymont and API expect to begin capturing significant market share in 2010, and believe the PBIS-1000 can become the field standard and product of choice. After purchasing PBIS-1000 hydrogen generators, customers will continue to purchase replacement cartridges sufficient for each generator to launch 500-1,000 balloons each year (1,000-2,000 cartridges). This is analogous to the razor/razor blade market dynamic.
Together with a major subsidiary of the world’s second largest aerospace & defense company (a Fortune-50 firm), API is in discussions with U.S. Navy R&D activities regarding appropriate programs to develop a prototype Unmanned Underwater Vehicle (UUV)