PHILADELPHIA, PA — (Marketwired) — 10/29/14 — NovoFuel, Inc. (“NovoFuel”), a wholly-owned operating subsidiary of AlumiFuel Power Corporation (PINKSHEETS: AFPW), announced today that it has been notified by the U.S. Patent and Trademark office (USPTO) that the provisional patent on its hydrogen generation technology has been allowed, and will be issued as a U.S. patent within several months following receipt of the necessary fees. At that time, the USPTO will assign a number to the new patent.
The omnibus provisional patent application, “METHODS AND APPARATUS FOR CONTROLLED PRODUCTION OF HYDROGEN USING ALUMINUM-BASED WATER-SPLIT REACTIONS,” was filed in 2009, and went through a comprehensive review by the USPTO. The approved patent embodies 48 specific claims which are applications-oriented, focusing on the practical aspects of controlling the aluminum powder-water reaction in NovoFuel–s cartridge-based hydrogen generation system used in such applications as feeding fuel cells for backup power and filling weather balloons.
“We are gratified that our unique renewable hydrogen generation technology will soon be embodied in an issued U.S. patent,” said Mr. David Cade, President and CEO of NovoFuel, Inc. “This official recognition complements our recent initiatives in hybrid Renewable Energy System (RES) solutions for various applications, including hydroponic crop growing and medical cannabis cultivation.” (See AFPW news release of October 16, 2014)
About NovoFuel, Inc.
NovoFuel, Inc., a wholly owned operating subsidiary of AlumiFuel Power Corporation, is an early production stage renewable energy company that generates hydrogen gas and heat through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. The Company–s hydrogen generation feeds fuel cells for backup and portable power, provides lift gas for 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 power fuel cell-based and turbine-based undersea propulsion and auxiliary power systems. In addition, NovoFuel has embarked on a new initiative to design and field hybrid renewable energy solutions for medical cannabis cultivation. The Company 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.
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.
Tom Olson
Corporate Secretary
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