AlumiFuel signs lease for lab and offices in 3711 Market Street
3711 Market Street, a world-class office and laboratory building, developed by the Science Center and Wexford Science+Technology has landed AlumFuel Power, Inc (“API”) as a new tenant.
API is a an early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources. API’s hydrogen drives fuel cells for back-up and portable power, fills inflatable devices such as weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its steam/hydrogen combination is also being designed to drive turbine-based underwater propulsion systems and auxiliary power systems. 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.
API’s technology is based on the exothermic reaction of aluminum powder and water, combined with proprietary additives which act as catalysts, initiators and reactants. Novel packaging of the aluminum powder and additives into cartridges enables them to be inserted into a generator/reactor, where an infusion of water results in the rapid generation of highly pure hydrogen and steam. API has an outstanding IP portfolio, including new patent filings embodying its unique and independent technology, and significant proprietary know-how regarding the practical ability to engineer desired reactions at required scales and rates.
API’s selected the Science Center in downtown Philadelphia to house its facilities, so that it would have access to world class testing instruments and technical talent. API has a seasoned management team and an experienced and dedicated technical team; and has close working relationships with major industry players as path-to-market partners including major defense contractors and commercial fabricators of the company’s reactors and cartridge products on an outsourcing basis.
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For leasing information, please contact:
Paul G. Garvey
Senior Director
(215) 963-4013
paul.garvey@cushwake.com
Roger T. McManimon
Director
(215) 963-4049
roger.mcmanimon@cushwake.com