AlumiFuel Power, Inc. Announces Breakthrough Technology Enhancement

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 it has developed a formulation which rapidly terminates its hydrogen-generating reaction of aluminum with water, facilitating its development and commercialization of advanced reactor systems for military and commercial applications.

The formulation is composed of a mixture of proprietary additives that are dissolved in water and added to the reaction. The aqueous solution is added using the same pathway as the primary water injection. Upon infusing with the main reactant mix, the additives immediately stop the production of hydrogen. A different additive infusion can be used to restart the reaction. Similar to other formulations of API’s AlumiFuel mixture, the termination mix uses inexpensive, non-toxic ingredients.

This significant reaction-stopping or reaction-slowing enhancement increases the versatility and market penetration potential of API’s products. It is of great importance for applications such as Navy Unmanned Underwater Vehicles (UUVs), which require stop-and-start mission profiles, and back-up power modules, where load demands may vary.

API’s Director of Engineering, Mr. Sean McIntosh, said, “This new development gives API’s technology an additional advantage. Many of the applications that we are developing require us to be able to instantly stop and restart the reaction, and this breakthrough will allow us to introduce a higher level of control into these products. We are formulating a second generation mix with a higher efficiency and developing methods for integrating this concept into different reactor systems.”

About AlumiFuel Power, Inc.
API 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.

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.

Source: Business Wire/Yahoo Finance