One company that has been turning the heads of investors of late is AlumniFuel Power Incorporated. A Philadelphia based company, AlumniFuel Power (API) is the wholly owned operating subsidiary of American Power Corporation and is an early-stage alternative energy company that utilizes state-of-the-art technology to generate hydrogen gas and steam for multiple niche applications that require on-demand fuel sources.
Today it was announced that API’s technology generated a surge of customer interest at the Naval Energy Forum which was held in McLean, Virginia last month. This was a major moment for the young company for a number of reasons, one of which is that the Naval Energy Forum was the first such major conference that strictly focused on energy to be conducted within the Department of Defense. The forum had over 700 people from government and industry alike in attendance and showcased such speakers as Secretary of Navy Ray Mabus, the Chief of Naval Operations Admiral Gary Roughead and the Commandant of the Marine Corps General James Conway.
The speakers spearheaded their words towards describing how energy is critical to the future of the United States industrial platform and how the subject area plays a pivotal role in national defense. This venue allowed API to reinforce many key customer contacts while showcasing their technology to an entirely new customer base.
API displayed many target applications which caught the eye of investors including undersea vehicle propulsion, life gas for special purpose naval balloons and hydrogen boost for diesel engines. The technology displayed by API impressed all in attendance and may lead to key institutional investors enhancing the young company’s future by opening their wallets after a showcase which opened their minds to all of the creative avenues that API is heading towards.
Leading the way at API is David Cade who serves as the company President and CEO. A noted name in the industry, Cade spoke of the potential that may be achieved because of the forum. Cade was quoted as saying, “The visibility accorded to API’s unique technology at the Naval Energy Forum was extremely gratifying. Going forward, we see a number of ways to apply our technology and products to naval requirements, including both the ‘blue water’ Navy and the Marine Corps. From a new business development standpoint, we intend to take full advantage of these emerging opportunities.”
Currently, AmericanFuel Power Corporation, the parent company of API, is trading in the $0.07 range. If the display at the Naval Energy Forum is any indication of the future of this company, API and its parent may be one of the most undiscovered stocks on Wall Street.
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