Cyclone Power Technologies Delivers Plans for Solar Engine to Renovalia Energy
POMPANO BEACH, Fla.--(BUSINESS WIRE)-- Cyclone Power Technologies Inc. (Pink Sheets:CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced that it has delivered to Renolavia Energy SA, prototype design plans for a high-efficiency Rankine cycle engine, developed to run on solar thermal energy. The delivery satisfies Cyclone’s license agreement with the global renewable power company, based in Madrid, Spain.
Cyclone’s engine, named the S-1, is a 5hp heat-regenerative, reciprocating steam engine. When put into commercial usage, Cyclone expects that the engine can help reduce the costs of installation and operation of solar power plants dramatically due to its compact size, low weight and high efficiencies. In laboratory testing, the 30-lbs S-1 engine has achieved up to 34% thermal efficiencies.
“We’ve enjoyed working with Cyclone and look forward to seeing this project progress to the next stage of building and testing beta engines,” stated Jaime Galobart, CEO of Renovalia.
Christopher Nelson, President of Cyclone, commented, “We believe that the S-1 is an important engine technology not only for the solar market, but also for areas such as micro-CHP (co-generation) and military uses. As we build the next generation of these engines, with plans to place them into field tests next year, strong partnerships like the one we’ve formed with Renovalia will be important to our success.”
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.
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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.
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