Cyclone Power Technologies Receives Key Patent on Its Waste Energy Recycling Engine
Cyclone Power Technologies (Pink Sheets: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that the United States Patent and Trademark Office has allowed the company a patent on its scalable waste energy recycling engine known as the WHE. This is the first patent for the WHE, which is a major component of Cyclone’s business objectives, and the 10th U.S. patent for the company’s green engine technology.
Cyclone Power Technologies' patented, scalable WHE-25 engine. (Photo: Business Wire)
Designed to run on waste heat from the exhaust of small industrial furnaces, diesel engines and gas turbines, Cyclone’s WHE has also been adapted for other recovered energy applications. One such extended use is the Phoenix 10, an environmentally-friendly electric power generator that runs on used motor oil. Earlier this year Cyclone announced that Topline Energy Systems, an affiliated company of global automotive parts manufacturer Topline Automotive Engineering, signed-on to help commercialize and manufacture the WHE for the Phoenix 10 and other products.
“The WHE is a very unique and important engine,” stated Christopher Nelson, President of Cyclone. “It’s small yet scalable in size, has the capacity to operate within a wide temperature range, and can be produced relatively inexpensively. As such, it fills a key market niche untouched by steam or organic cycle turbine systems. We see this patent as helping secure a major position for Cyclone in the burgeoning waste heat recovery industry – both stationary and mobile -- in addition to other lucrative and wide open fields such as power generation from waste oil, landfill gas and biomass.”
Based on U.S. Department of Energy statistics, Cyclone estimates that there are well over $250 million of potential small-scale waste heat recovery installations in the United States alone that would benefit from the patented WHE system. Other uses include increasing operating efficiencies of long-haul trucks, busses and trains. Phoenix Power Group, manufacturer of the Phoenix 10, has estimated over $30 million in sales for that clean-tech product following its launch, currently slated for later this year.
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 a 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. 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.
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