POMPANO BEACH, FL / ACCESSWIRE / May 29, 2014 / Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced that it has successfully delivered its prototype S-2 engine and auxiliary power unit (APU) to the U.S. Army / Tank Automotive Research, Development & Engineering Center (TARDEC), in full satisfaction its $1.4 million development contract with the government. With this accomplishment, Cyclone has submitted for payment a final invoice for approximately $150,000.
The objective of the Army / TARDEC program was to develop a Phase I prototype of a highly compact (12” x 12” x 17”), lightweight 10kW power generator, driven by Cyclone’s multi-fuel capable external combustion engine. The system was designed to be compatible for use with multiple lines of combat vehicles, either as a built-in auxiliary or dismountable and portable power unit. Electro-Mechanical Associates of Ann Arbor, MI provided the specialized electric generator for the unit.
As part of the delivery, the Cyclone powered APU ran at the TARDEC test cell outside of Detroit, MI while connected to a fuel supply and an electrical load cell. Representatives from TARDEC confirmed that the system met contract requirements. The Company is now in discussions for follow-on funding to advance the technology through manufacturability and life testing.
Harry L. Schoell, Cyclone CTO and inventor of the technology, said: “We are as enthusiastic as the TARDEC group is about this program. We believe our technology can have an even greater impact on the prime movers themselves, the tanks and trucks especially, where strict dependence on diesel and JP-8 has always been a planning hurdle in deployment and supply. These engines open up many options.”
About Cyclone Power Technologies
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine – an all-fuel, clean-tech engine with the power and versatility to run everything from waste energy electric generators and solar thermal systems to cars, trucks and locomotives. Invented by company founder and CTO Harry Schoell, the patented Cyclone Engine is an eco-friendly external combustion engine, ingeniously designed to achieve high thermal efficiencies through a compact heat-regenerative process, and to run on virtually any fuel - including bio-diesels, syngas or solar - while emitting fewer greenhouse gases and irritating pollutants into the air. The Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, and was presented with two Society of Automotive Engineers’ AEI Tech Awards. Additionally, Cyclone was named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit http://www.cyclonepower.com/.
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Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Disclaimer: Reference herein to any specific commercial company, product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or the Department of the Army (DoA). The opinions of the authors expressed herein do not necessarily state or reflect those of the United States Government or the DoA, and shall not be used for advertising or product endorsement purposes.
Frankie Fruge, COO and Director
Source: Cyclone Power Technologies Inc.
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