Quote from shareholders letter:
“Cyclone is continuing our core business model of licensing our technology to other companies in different fields including but not limited to: automotive, marine surface and undersea propulsion, off-road equipment and vehicles, and distributed and mobile/auxiliary power utilizing traditional fuels or biofuels (we refer to these vast business opportunities as the "Cyclone Business"). For some areas of the Cyclone Business, we already have customers like Combilift and additional potential partners in discussions. We are also pursuing other manufacturing opportunities that could be very beneficial for our shareholders.”
To summarize:
• We think our performance is so impressive that companies will pay us for our experience.
• We are sticking with the business model that has failed miserably so far.
• We don’t get the idea that developing engines is a competitive business and that you need to pick a market niche, demonstrate excellence, build up loyal customers and THEN move on.
• We think you will forget we are years behind delivering to Combilift.
• We think you will forget all the other ‘partnerships’, ‘strategic alliances’ and ‘potentially interested customers’ we have touted over the years.
Yep, sounds like a new day has dawned to me!
