AFPW- Breaking News, Mass Production Has Commenced!
AFPW Just Released some fantastic news this morning, with the help of ActionPak Inc, Mass Production has Commenced! With the today’s announcement and the recent accomplishment of AFPW landing their first purchase order we expect new orders to come, in turn driving some serious cash in AFPW’s direction.
ActionPak, Inc. Begins Production of AlumiFuel Power, Inc.’s PBIS-1000 Cartridges
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 ActionPak Inc., a Philadelphia area world-class packaging and assembly company with a 30-year industry pedigree, has begun production of API’s AlumiFuel cartridges which provide the fuel for API’s Portable Balloon Inflation System 1000 (PBIS-1000). Three PBIS-1000 units were recently purchased by a military customer. (See API news release of February 9, 2010.) API’s 32-oz. cartridges, filled with aluminum powder and proprietary additives, are inserted into two reactor vessels on the PBIS-1000 to generate 1,000 liters of hydrogen in 20 minutes once water is pumped into the cartridges. API has designed the cartridge to withstand the necessary temperatures and pressures, while maintaining its integrity. API and ActionPak have devised and implemented a process to produce the cartridges efficiently and cost effectively. API’s PBIS-1000 portable hydrogen generator, along with ten cartridges, generates the same amount of hydrogen (5,000 liters) as a heavy and hard-to-handle K-Cylinder. By replacing highly pressurized K-Cylinders, API’s generator and cartridge-based system greatly reduces the cost and danger of transporting hydrogen, making the gas more readily available in remote and other inaccessible locations, as well as for portable applications.
Having the flexibility, capability, and capacity to produce the cartridges in high volumes, ActionPak agreed to manufacture API’s cartridges on an outsourcing basis. With ActionPak’s background, expertise, and versatility in military and commercial packaging, both companies are looking to create a long-term relationship and have already begun exploring options for the production of API’s Flameless Ration Heaters for military and commercial customers worldwide. (See API news releases of January 4, 2010 and December 21, 2009.) API’s Director of Engineering, Mr. Sean McIntosh, said: “ActionPak is as excited as we are about the many new business opportunities emanating from this relationship. The proximity of their plant and their ability to quickly adapt to new requirements are an ideal match for API’s needs.” About ActionPak, Inc.
ActionPak (www.actionpakinc.com), a premier contract packaging and assembly company for more than 30 years, is located in a suburban Philadelphia Industrial Park. ActionPak has over 250,000 square feet of production and warehouse space, and a workforce of over 200 employees. The company services many major brands and Fortune 500 companies, helping to design, assemble and package products. ActionPak’s business is diverse, and to prevent cross contamination, Food, Beverage and Over the Counter products are kept in separate buildings from its Military, Industrial and Export packing businesses. Since it executes both U.S. Military and Foreign Military sales contracts, the company is thoroughly familiar with military handling and shipping requirements, and a resident Department of Defense (DoD) Quality Assurance
Representative is stationed at its facility. ActionPaks key accounts have included: General Electric, Northrop Grumman, Coca-Cola, Heinz, ConAgra, and the DoD.
About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com) is an 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 back-up and portable 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.
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.
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