Cyclone Power Technologies and Phoenix Power Group Reach Milestone in Commercialization of Waste Oil Engine System
POMPANO BEACH, Fla.--(BUSINESS WIRE)-- Cyclone Power Technologies Inc. (Pink Sheets: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, and Phoenix Power Group LLC announced that they have successfully completed fabrication, assembly and initial testing of the first pre-production Waste Heat Engines (WHE-25) manufactured by TopLine Energy Systems.
This milestone – from prototypes to completed pre-production engines - represents a critical advancement for the Phoenix-10 Waste Oil Power Generator (P-10), scheduled for commercial production in 2012. The P-10 is an innovative generator system that is capable of utilizing waste fuels, such as used automotive motor oil, to produce electricity and reduce both energy and heating requirements for garages, car dealerships and similar facilities. Powered by the Cyclone WHE-25 external combustion engine, each P-10 generator system is designed to produce 7.5 kW of clean, grid-tied electricity.
Doug Petty, Phoenix Power’s Vice President, commented, “We’ve made significant progress in a short period of time, and we’re very pleased with the results Cyclone is achieving. Among the critical connections we’ve made in the past few months was matching the Cyclone steam generator with our partner’s EPA-compliant and UL-rated waste oil furnace, which we believe will expedite our path to product commercialization.”
Phoenix Power’s distribution partner, Clean Burn, is a leading manufacturer and distributor of waste oil heaters in the U.S., with over 150,000 products in the market, and over 30 years of outstanding performance. The parties are currently coupling Clean Burn’s furnaces with a specially designed heat exchanger, which will provide the co-generative thermal energy to run the Cyclone WHE-25 engine. These engines are being fabricated by TopLine Energy Systems, a licensee of global automotive parts manufacturer TopLine Automotive Engineering Inc., pursuant to an agreement announced earlier this year.
“Thus far, we’ve had excellent results with the initial engines manufactured by TopLine – they did solid machining work and added great value to our technology,” stated Travis Love, WHE Project Leader and Engineer for Cyclone. “We look forward to continuing our work with TopLine, Phoenix and Clean Burn towards the shared goal of getting a quality product to market as soon as possible.”
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 CEO 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 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.
About Phoenix Power Group
Phoenix Power Group, developer of state-of-the-art waste energy power generators, is a privately held company incorporated in Tennessee. Its equity partners include Hansom James Capital, whose principals founded Tennessee-based AIMS Logistics Inc. in 1994, which, when sold to U.S. Bancorp in 2007, employed over 400 people internationally and processed approximately $6 billion annually in freight payables.
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.
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