POMPANO BEACH, FL, January 14, 2013. Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel clean-tech Cyclone Engine, announced today that it has completed the in-house development and testing phase of its Waste Heat Engine (the WHE-DR) and, as planned, has transitioned the next commercialization and manufacturing phases of the program to The Ohio State University’s Center for Automotive Research (CAR).
Christopher Nelson, President of Cyclone and Managing Director of the company’s Waste Heat division, stated: “We have reached a milestone event for Cyclone and the evolution of our engine technology - a transfer of the physical engine, testing equipment and program management to our engineering partners at CAR. This is a critical, timely step as the technology moves into manufacturing mode in the Columbus, Ohio area. We are very proud of our innovation team in Florida which has developed an excellent engine, perfectly suited for the underserved small-scale waste-to-power sector. We now have top talent from CAR, our manufacturer Precision CNC, and a few other experts who will be coming onboard over the next couple of months, to complete our mission of getting our product to market.”
Dr. James H. Durand, Director of Testing, Engineering and Software Development Services (TESS) at CAR, stated: "Based on the great progress accomplished in Florida and with Cyclone’s continued support of the program, we are confident that we can advance the Cyclone WHE-DR engine through its remaining steps to commercialization. We have the personnel, experience, expertise and strong desire to complete this project successfully."
CAR is a Columbus-based interdisciplinary research center within The Ohio State University’s College of Engineering. Among other expertise, CAR focuses on advanced engine development, alternative fuels for reduced fuel consumption and emissions, electric and hybrid drivetrains, and advanced battery technology. CAR performs research and analysis for some of the largest automotive OEMs and government agencies in the world.
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 Chairman 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 (Florida) Environmental Protection Department. For more information, visit www.cyclonepower.com.
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About Center for Automotive Research
The Center for Automotive Research (CAR) is the pre-eminent research center in sustainable and safe mobility in the United States and an interdisciplinary research center in The Ohio State University’s College of Engineering. CAR research focuses on: energy, safety and the environment. CAR offers state-of-the-art facilities for students, faculty, research staff and industry partners. With a concentration on preparing the next generation of automotive leaders, CAR is recognized for: interdisciplinary emphasis on systems engineering, advanced and unique experimental facilities, collaboration on advanced product development projects with industry and a balance of government and privately sponsored research. car.osu.edu
Testing, Engineering and Software Development Services (TESS) is a group at The Ohio State University College of Engineering's Center for Automotive Research providing high quality services to industrial clients based on the center's existing expertise and facilities. Primary areas of services include: engine, chassis, battery, and other testing; engineering services and high end engineering and simulation based analyses; and software development services. TESS offers services at competitive rates. For information and quotes contact Jim Durand at [email protected] or 614-688-1137. Visit us online: http://car.osu.edu/facilities/tess.
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.
Holly Henley, Communications & Marketing