Cyclone Power Technologies and Phoenix Power Group Successfully Integrate Waste Oil Co-Generation System
POMPANO BEACH, FL -- (Marketwire) -- 09/27/12 -- Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, and Phoenix Power Group LLC announced that they have integrated Phoenix's proprietary waste oil combustion chamber / heat exchanger (CCHX) with Cyclone's Waste Heat Engine (WHE-25). Initial steam performance tests were successful, producing approximately half of maximum rated power output - a goal set by the team to provide a benchmark for system optimization.
The integrated unit, called the Phoenix-10 Waste Oil Co-Generator (P-10), is an innovative combined heat and power (CHP) system that is capable of utilizing used motor oil to produce electricity and reduce both energy and heating requirements for garages, car dealerships and similar facilities. Utilizing the Cyclone WHE-25 external combustion engine, each P-10 system is designed to produce up to 7 kW of grid-tied electricity and off-set the use of fuel oil for space heating requirements by using less expensive waste fuels.
Thomas Thillen, Phoenix's President, stated, 'We're very pleased with the results we achieved connecting the Cyclone Engine to our proprietary CCHX unit for the first time. I am glad to have been there to witness a major leap forward in our development. A beta product launch for next year looks extremely promising.'
Travis Love, Cyclone WHE Project Leader, stated: 'This is an important technological milestone which we believe will allow us to proceed into system optimization and component hardening on a much more rapid basis. We look forward to continuing our work with Phoenix towards the shared goal of getting a quality product to market as soon as possible.'
To see a video of the P-10's initial integrated test run, see: http://youtu.be/gzCKUL3CiwQ
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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 twice presented with the Society of Automotive Engineers' AEI Tech Award. Additionally, Cyclone was 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.
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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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