API has begun advanced design work on a prototype steam generator for Navy UUV applications (see API news release of January 4, 2010). The steam generator is based on the same powerful chemical reaction currently used in the PBIS-1000 portable hydrogen generator (see API news release of February 9, 2010). In this application, however, the exothermic reaction between water and aluminum is used to superheat steam to drive a turbine providing underwater propulsion. The prototype steam generator/turbine system will be sized to generate a constant 100W for several days, and start and stop capabilities will be built into the system. The calculated system energy density of the steam generator/turbine, after taking into account the efficiency of each component, is 5-10 times greater than the lithium-ion batteries currently being used for Navy UUV and submersibles applications.
API is also exploring the use of the superheated steam/hydrogen to run thermoelectric converters/generators, and the use of the generated hydrogen to power a fuel cell during operational periods where the vehicle would have access to air.
Based on recent visits and demonstrations, API believes there is a growing recognition on the part of the Navy and several major defense prime contractors that API’s technology may be a viable replacement for (or adjunct to) batteries to power underwater vehicles. As a result, API and potential partners are exploring an increasing number of specific R&D program opportunities for 2010 and 2011 that would fund further development of this advanced fuel source technology, which would ultimately lead to procurement involving multiple Navy platforms.
API’s director of engineering, Sean McIntosh, said, “This technology is more than an incremental increase in energy density – it is a giant leap forward. With this technology, UUVs will have an enormous increase in operational range, allowing them to complete missions that are currently impossible with today’s battery solutions.”
About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com) is an early production stage alternative energy company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple niche 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, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/heat output is also being designed and developed to drive turbine-based underwater propulsion systems and auxiliary power systems, and as the fuel for Flameless Ration Heaters. 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, formerly known as Inhibiton Therapeutics, Inc., recently acquired 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.
Contact:
Investor Relations:
AlumiFuel Power Corporation
Thomas B. Olson, Corporate Secretary
303-796-8940
or
Public Relations:
The Investor Relations Group (IRG)
Mike Graff
212-825-3210
or
Technical Information & Marketing:
API Laboratories
215-921-9203
info@alumifuelpowerinc.com
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