Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

The Schoell WHE formally bites the dust.

Two years ago Chris Nelson, then Cyclone's President, spun the Cyclone WHE (waste heat engine) division out into a new company, Q2Power. He was going to make zillions building these engines.

Q2Power's latest quarterly report shows that dream has died.

Their operations in Ohio are now closed. Staff was fired in May and the building lease terminated in June. Most of the tangible assets went to paying off the bill from Precision CNC for machined parts and rent. Q2Power has only $7,700 in furniture and shop equipment left, and that's after going through more than $6 million in two years.

The Ohio operation was the 'factory' they announced three years ago that was going to be employing 80 people and turning out 1500 engines per month by now.

They never demonstated a running WHE engine. They put a prototype power system at a waste water treatment plant, and have not said one word since about its performance. They sold a system in January for May delivery, but there is no word on construction even starting on it yet. The contract with Phoenix Power that would pay them $150,000 when an engine runs at part load for 200 hours has still not been paid out.

And now they have changed their business model from building generating systems to buying composting facilities. (No doubt manure is something Chris Nelson does have a clue about.)

The Harry Schoell water-lubricated steam engine has not only been a total failure under Harry's direct supervision, but it has also been a total failure after being redesigned by Ohio State University and worked on by degreed engineers at Q2Power for two years.