OxBridge Research Initiates Profile Coverage of AlumiFuel Power, Inc., a Next Generation Alternative Energy Company
SILICON VALLEY, Calif., Sept. 9 /PRNewswire/ — AlumiFuel Power Inc.,(API) is a next generation Alternative Energy Company, Backed by Industry Veterans and Managed by a superb cadre of executives with proven track record.
AlumiFuel (OTC Bulletin Board: AFPW) is an applications driven organization which has spent millions of man hours and millions of Dollars to develop and commercialize this unique patented technology. The company’s technology has attracted interest from many companies including from one of the Top Three Defense Contractors in the World.
The company has recently signed a MOU with a Dow 30 Company. This Fortune 50 company will explore use of AlumiFuel’s technology in ‘certain mission critical’ applications in unmanned submersibles and torpedo systems. In addition, the MOU envisions cooperation in future Power Plant Systems.
The company’s technology has both civilian and defense applications. We expect its technology to be adapted at a rapid pace by the public as well as the private sector.
API’s Hydrogen Gas and Superheated Steam technology provides on-demand on-site critical fuel source for National Security as well as the Industrial and Commercial sector.
Helium Deposits are depleting fast, and may run out within the next 10 years. NASA and the Department of Defense are the largest users of Helium gas. Hydrogen is replacing Helium as lift gas for Weather Balloons because it is more economical, lighter in weight and safe.
API is in early production of a product to inflate Weather Balloons. National Weather Service alone launches more than 75,000 Weather Balloons a Year and there are over 900 World Meteorological Organization (WMO) sites around the World which launch two Balloons per day. There is also a large Military Market for Weather Balloon lift gas.
API with its partner, Kaymont Consolidated, the World’s largest distributor of Weather Balloons, has the potential to become a leader in this Hundred- Million Dollar plus Global Market.
For more details please visit http://OxBridgeResearch.com
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SOURCE OxBridge Research