CENTENNIAL, Colo., July 13, 2011 /CRWENEWSWIRE/ — Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB:AFPW.OB) (the “Company”), announced today that it has issued a letter to stockholders now available for viewing and download at www.alumifuelpowerinc.com on the Home page under “Shareholder Update - CEO Letter”. The letter outlines recent developments at the Company’s Philadelphia-based majority owned operating subsidiary, AlumiFuel Power, Inc. (”API”), as well as information for majority-owned subsidiary, AlumiFuel Power International, Inc. (”AlumiFuel International”), and its listing/trading on the Frankfurt Borse Stock Exchange (”9AP”).
The letter contains information related to the Company’s activities in Unmanned Undersea Vehicles, Man-portable power generation, the PBIS-1000 portable balloon inflation system as well as initiatives on a portable hydrogen generator for the education market. Details are also provided related to the listing and trading of AlumiFuel International’s stock on the Frankfurt Borse Stock Exchange.
About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation, is an early production stage alternative energy company that generates hydrogen gas and steam/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. API’s hydrogen feeds fuel cells for portable and back-up power; fills inflatable devices such as weather balloons; can replace costly, hard-to-handle and high! pressur e K-Cylinders; and provides fuel for flameless heater applications. 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. 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.
About AlumiFuel Power International, Inc.
AlumiFuel International holds a license agreement with the Company and API to market API’s hydrogen generation products globally to countries outside of North America. AlumiFuel Power International trades in the Open Market segment of The Deutsche Borse-Frankfurt Stock Exchange under the symbol (”9AP”).
About AlumiFuel Power Corporation
AlumiFuel Power Corporation operates through its wholly owned 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 operates through its majority owned subsidiary, AlumiFuel Power International, Inc., to market its products globally outside of North America.
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.
CONTACTS:
Investor Relations:
Technical Information & Marketing:
AlumiFuel Power Corporation
API Laboratories
Thomas B. Olson, Corporate Secretary
3711 Market Street, Suite 950
303-796-8940
Philadelphia, PA 19104
215-921-9203
info@alumifuelpowerinc.com
Source: AlumiFuel Power Corporation
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
