Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

This 13 year old baby is still going through teething difficulties. No kidding.

And that TARDEC genset was such a huge technical success that the Army never went back to Cyclone, and the genset's performance was so amazing that Cyclone has never publicly admitted to what the acceptance criteria was. Or rather, just how low the acceptance requirement was.

We know from the FSDS contract that the new and improved Cyclone genset has not been able run for 10 hours under load. That's after Cyclone has been telling investors since what? 2007 that they have a family of "market-ready" products.

The Shareholder's Open House of December 2011 is a prime example. Cyclone filed the presentation slides with the SEC. Here's what Harry Schoell told investors then:



Yep, Harry looked the investors in the eyes and told them all the technological problems had been overcome. Then Christopher Nelson laid out the business plan:



We are now five and a half years later and Cyclone is still having "teething difficulties" and is unable to make an engine that can run for 10 hours without failure. Yet Cyclone has spent those five and a half years with a steady stream of claims engine production would soon start. Frankie and Harry are fully aware the engines can't be made to work and predictions of production are all pure fantasy.

We know that Cyclone hired Ohio State University to fix the WHE engine. The first thing Ohio State did was redesign the engine to eliminate Harry's "spider bearing". From a November 2013 PR:

Initial testing has demonstrated significantly smoother and quieter operation, which is expected to result in the successful completion of durability tests over the next two months.

It, of course, never completed the durability tests. Ohio State people apparently thought the engine would run fine after the spider bearing was removed, but they then discovered it was impossible to make water lubrication work. Last word was a bearing testing machine was going to be built, but Cyclone stopped funding the work.

(If you want to see something cringe-worthy, have a look at the video from that time:

Ohio State University, whom Cyclone had praised greatly for their engineering expertise, concluded the Cyclone engine could not be made to work with the spider bearing, nor could it be made to work with any known bearing and water lubrication. Harry Schoell, however, rolled out the new saviors, the Marks 1 and 3, both depending on the spider bearing and water lubrication working. 13 years of trying, and 13 years of failing in exactly the same ways while squandering tens of millions of other people's money isn't going to change as long as Harry Schoell is in charge.

Cyclone's "impending success"? It won't be in terms of working engines, but Cyclone may be successful at fleecing new investors and customers.