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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AlumiFuel Power Corporation (CE) | USOTC:AFPW | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Centennial, CO - January 15, 2015 - InvestorsHub NewsWire - AlumiFuel Power Corporation (OTC: AFPW), a developer of power management solutions, announces that NovoFuel, Inc. conducted an interview to discuss their cannabis grow renewable power & energy technologies and systems.
David Cade, the President and CEO of NovoFuel, Inc., a wholly owned subsidiary of AlumiFuel Power Corp., conducted an online interview addressing the issues of growing electricity demand of cannabis growers, and NovoFuel’s hybrid Renewable Energy Systems (RES) initiatives to address this ever-widening problem.
Interview Highlights
In the interview, Mr. Cade made point that cost for diesel back-up power generation, which is usually the standard form of power back-up for grow facilities, can cost up to $0.81 per kWh, whereas NovoFuel’s hybrid RES system can range from $0.18 to $0.30 per kWh depending on the location and mix of RES components.
A link to the online audio interview of Mr. David Cade can be found by going to: http://www.wallstreetnewscast.com/profile/afpw.html
About AlumiFuel Power Corporation
AlumiFuel Power Corporation, operating through its wholly owned subsidiary, NovoFuel, Inc., 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 marijuana 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. www.alumifuelpowercorp.com
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.
CONTACTS:
AlumiFuel Power Corporation |
NovoFuel, Inc. |
Thomas B. Olson, Corporate Secretary |
Technical Information & Marketing: |
303-796-8940 |
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Investor Relations: |
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South Street Media, Inc. |
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Melissa Diaz |
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917-937-8968 |
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info@southstreetmedia.com |
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1 Month AlumiFuel Power (CE) Chart |
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