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PRZOOM - /newswire/ -
Frisco, TX, United States, 2009/08/31 - The Next Generation Alternative Energy Technology company, recently signed MOU with a Dow 30 Company - OTCKING.com.
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AlumiFuel Power AFPW.OB is a next generation Alternative Energy Company, Backed by Industry Veterans, Managed by a superb cadre of executives with proven track record.
AlumiFuel is R&D driven organization which has spent millions of man hours and many millions of Dollars to develop this unique patented technology. The company's technology has attracted interest from many companies including from one of the Largest Industrial Company in the World a Top Three Defense Contractors in the World.
The company has recently signed a MOU with a DOW 30 COMPANY. This FORTUNE 50 company will use 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 the civilian and defense applications. We expect its technology to be adapted at a rapid pace by both the public and private sectors.
AlumiFuel'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.
The World's Largest Helium Deposits are located in TX and they 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 in Balloons because it is more economical.
AlumiFuel's has developed hydrogen fuel cell technology to inflate Weather Balloons. National Weather Service alone launches more than 75,000 Weather Balloons a Year. AlumiFuel has the potential to become a leader in this Multi-Billion Dollar Global Market.
For more details please visit OxBridgeResearch.com/.
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Contact: Saleem Hijazy - OxBridgeResearch.com
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