Cyclone Power Technologies Receives Patent in Australia; Further Expands IP Portfolio on Its Waste-to-Energy Technology
POMPANO BEACH, FL -- (Marketwire) -- 05/09/12 -- Cyclone Power Technologies (OTCQB: CYPW) (PINKSHEETS: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has received a patent in Australia for its scalable waste energy recycling engine known as the WHE. This patent comes at a key time when Cyclone is actively pursuing opportunities to commercialize its green engine technology for the Australian agriculture and mining industries.
Designed to run on waste heat from the exhaust of industrial furnaces, diesel engines and gas turbines, Cyclone's WHE is also being adapted for other recovered energy applications. Such commercial uses include distributed power generators that run on agricultural waste and other biomass, as well as used motor oil. Cyclone is currently in pre-production durability testing of a power generator system using the WHE and fueled by waste motor oil for its customer Phoenix Power Group.
Christopher Nelson, President of Cyclone and Managing Director of the company's WHE division, commented: 'This patent in Australia comes at an excellent time for Cyclone and its shareholders as we seek to monetize our growing patent portfolio. We have received tremendous demand for our products in Australia, which is experiencing robust economic conditions fueled by their agriculture and mining industries. There's a tremendous amount of investment funding and customer demand in that region for new technologies that can increase energy efficiencies and utilize waste products on a distributed basis. Our WHE is a perfect candidate for these opportunities.'
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. The Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, was included in a 2011 report by Popular Mechanics as an important waste energy technology for the future, 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.
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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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