November 13, 2008
Cyclone Power Technologies Files Patent Application for Waste Heat Engine
Cyclone Power Technologies, Inc. (PINKSHEETS: CYPW) has filed a patent application with the U.S. Patent and Trademark Office on its production prototype waste heat engine (WHE).
The WHE is able to convert wasted heat from sources such as ovens, furnaces and engine exhaust into mechanical energy and electricity. This process of cogeneration -- also called combined heat and power (CHP) -- can result in substantial savings to the end user and help reduce greenhouse gas emissions. The WHE is capable of producing up to 16HP through its 6-cylinder radial design, but weighs a mere 18 lbs and is only 14 inches in diameter.
The WHE can also run on heat obtained from renewable fuel sources such as solar energy. Cyclone believes that the WHE will be able to deliver solar electric to consumers at a price more economically viable than current systems. This is accomplished in part by using cost-effective solar thermal collectors (reflective troughs) to produce steam, rather than expensive silicon-based photovoltaic arrays.
"With the filing of this patent application, we intend to push full-steam ahead into the commercial markets," stated Cyclone's COO Frankie Fruge. "There are many viable applications for the WHE that we are pursuing, including small scale industrial, restaurants, commercial trucking and distributed solar."
The WHE is the first production-ready model of the patented Cyclone Engine, which Popular Science Magazine named a 2008 Invention of the Year. In April, the WHE won the Society for Automotive Engineers' AEI Tech Award.
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine -- an eco-friendly external combustion engine with the power and versatility to run everything from portable electric generators and garden equipment to cars, trucks and locomotives. Invented by company founder and CEO Harry Schoell, the patented Cyclone Engine is a modern day steam 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. Currently in its late stages of development, the Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, and was presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and 2008. Additionally, Cyclone was recently named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com.
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.
Media Contact Will Wellons 407-462-2718 [email protected] Company Contact: Ann Staples Cyclone Power Technologies, Inc. 601 NE 26th Ct. Pompano Beach, FL 33064 954-943-8721
SOURCE: Cyclone Power Technologies, Inc.