Home > Boards > US OTC > Alternative Energy >

Cyclone Power Technologies, Inc (CYPW)

Add CYPW Price Alert      Hide Sticky   Hide Intro
Moderator: arnold, HallaDurg, BuddyWhazhizname, bobbyknobb, ChuckFinley305
Search This Board: 
Last Post: 3/19/2018 8:19:21 PM - Followers: 246 - Board type: Free - Posts Today: 0

Cyclone Power Technologies, Inc  

Website:       Facebook           Filings at the SEC       Filings at OTC Markets (including pre-SEC filings) 


Cyclone describes themselves as a research and development company who have developed a modern steam engine.  They have produced some prototype engines, but have no commercially available products and have never publicly demonstrated a running engine.


Chairman and CTO Harry Schoell had spent many years in the powerboat industry.  His company, Schoell Marine, occupies a 6000 square foot building in Pompano Beach, Florida.  Schoell has no education beyond high school and describes himself as an inventor.  In the early 2000s he experimented with steam engines. In an article in Professional Boatbuilder magazine April/May 2016 page 29 Schoell explained the reason he created Cyclone Power Technologies:

The past 10 years he has devoted his mind and resources to compact steam engines. "We wanted to build a clean-air multi-fuel engine, because it fit the times and the marine industry was faltering," he says.

After Cyclone Power started raising money from investors, Schoell had Cyclone lease the entire Schoell Marine building and enter a services contract with Schoell Marine, his privately held company.

Use of Funds:

  Research &
General &
Property &
2007 Annual Report 814,685 674,774 14,777  
2008 Annual Report 1,090,911 1,139,878 19,695  
2009 Annual Report 1,115,795 1,332,757 78,130 1
2010 Annual Report 830,611 1,241,379 83,784  
2011 Annual Report 983,276   2,628,835 108,243 2
2012 Annual Report 1,091,501 2,203,713 376,177 3
2013 Annual Report 772,795 2,100,104 376,763  
2014 Annual Report 845,499 1,890,152 163,166  4,5
2015 Annual Report 275,610 653,103  126,520 4
2016 Annual Report 478,299 967,706 93,272 6
Q3 2017 Report 162,462 856,934 72,517  
Totals 8,461,444 15,689,335      
1: $39,953 of the increase in property and equipment was leasehold improvements
     to Harry Schoell's building.
2: $27,751 of the increase in property and equipment was leasehold improvements
     to Harry Schoell's building.
3: Equpment increased 270,396 with no explanation.  This was the year Cyclone
     had a land speed record race car custom built.
4: The 2014 report was filed two years late.  The 2015 report was filed one year late. 
     Cyclone switched to new auditors for these reports.  There were large write-downs
     of the value of inventory, which were added to the R&D expenses.  The numbers
     given here are the actual R&D spending in each year.
5: By 2014 total leasehold improvements on Harry Schoell's building had reached $93,922.
6: Cyclone again switched auditors.  R&D is net of inventory provisions.

Even though Cyclone claims to be an R&D-only company, for every dollar spent on R&D, almost two dollars have been spent on General & Administrative. (In 2017 the ratio had increased to $5 on G&A per dollar of R&D.) That spending has never been broken down, but the only place most of it could have gone is into the services contract with Schoell Marine.  In addition, it is likely a large part of the R&D spending went to Schoell Marine.  No commercial products have resulted from this spending.


Cyclone has continued to operate the last few years by diluting the stock. A/S is 6,000,000,000 shares. Chart from up to August 2017:

As of December 18, 2017, there were 2,726,067,954 shares of the registrant’s common stock issued and outstanding. (Source: Q3 2017 report)A

As of February 8, 2018, one investor held 180,000,000 shares representing 5.75% of the outstanding.  That makes the outstanding 3,130,434,783 shares.


The Cyclone engine is a piston steam engine, with the majority of models in a 6-cylinder radial configuration.  All models attept to use water, instead of oil, as the engine lubricatant.

Patents: Cyclone has touted numerous U.S. and international patents on their technology.  The have, however, never demonstrated a working product that used the patented technology.  Most of the Cyclone patents have expired for non-payment of maintenance fees.

Engine Models: The announced models have been the Mark 4 (2004), Mark 2 (2004), Mark 5 (2007), Mark 6 (2007), Lawnmower (2007), Waste Heat Engine (WHE) (2008), Genie (2009), Solar-1 (2009), S-2 (2011), Mark 3 (2014), Mark 1 (2014), Mark 7 (2016), Mark 10 (2018).  The pattern is announcements of a new model, often with claims of customers, and predictions of production starting soon.  As time passes and no engines are produced, new engine models are announced and the cycle repeated. 
Delivered Engines:

• In 2008 Cyclone sold a WHE engine to Bent Glass Designs of Pennsylvania.  It was finally installed and started in 2010.  Years later, Cyclone admitted that it had been removed within a week and never replaced.
• In 2009 Robotic Technology Inc of Maryland was awarded a DARPA (Defense Advanced Research Projects Agency) contract to develop an autonomous robot that could fuel itself from wood, grass, etc., that it foraged in the field.  Cyclone won a sub-contract from RTI to provide a steam engine.  (Cyclone has portrayed this as having been awarded a DARPA contract, which was not the case.)  By the time Cyclone delivered the engine, the project funding had run out and there is no evidence RTI ever ran the Cyclone engine.
• In 2011 Raytheon ordered two Mark 5 engine variants called the Manta Ray.  These were delivered in 2012 and there has been no further word about them, and no follow-up business from Raytheon. There is no evidence Raytheon has run these engines.
• In 2011 the U.S. Army awarded a $1.4million contract for Cyclone to build a prototype generator set based on the S-2 engine.  The prototype was delivered, years late, in 2014.  Cyclone claimed it met the Army's acceptance criteria, but never revealed what those criteria actually were.  There is no evidence the Army ever ran this engine.
• In 2016 Cyclone delivered a Mark 3 engine to 3R of Denmark.  3R soon folded, with assets going to IBES of Dubai.  IBES has not been able to make the system work, and at the end of 2017 stopped work on it.
• In 2016 Falck Schmidt Defense Systems (FSDS) of Denmark ordered two S-2 generators, with the requirement they must operate for 10 hours before being accepted.  Cyclone delivered one engine in 2017 without it having met the run-time requirement.  FSDS then went bankrupt.  There is no evidence they ever ran the Cyclone engine.

Of these few engines ever delivered by Cyclone over the years, only IBES has reported operating an engine, and then at much lower speed and power than Cyclone rates the engine for.

Failure of Water Lubrication:  A fundamental design feature of the Cyclone is that oil cannot be used to lubricate it, as is done in every other engine on the market.  It must use bearings that are lubricated with water.  In 2013 Cyclone hired the Ohio State University Center for Automotive Research (OSU-CAR) to fix the problems preventing the low-power WHE engine from working properly.  OSU-CAR immediately redesigned the engine, eliminating three cylinders and creating the WHE-DR model that had 60% fewer parts and significantly reduced vibration and noise.  Although they anticipated the engine would soon meet the 200 hour run time requirement of customer Phoenix Power, bearing failures became the next critical failure.  OSU-CAR concluded no available water-lubricated bearings would survive in the Cyclone engine and proposed building a bearing test machine and starting a series of experiments on bearings.  Cyclone then stopped funding the work.

Later models of Cyclone engines returned to the 6-cylinder configuration that OSU-CAR had abandoned as a bad design.

Failure to Run 10 Hours:  Contracts for engines have specified that engines must run 200 hours before acceptance (2010), 50 hours before acceptance (2013), and finally just 10 hours before acceptance (2017).  Financial disclosures show that final payments on these contracts have not been made, showing no Cyclone engine is known to have run for 10 hours under load without failing.

Recent (2016) photo of the inside of Cyclone's facility.

CTO Harry Schoell and former President Christopher Nelson, photo from 2011 Cyclone Shareholder Open House (The event where Schoell told investors that all the technological problems with the Cycone engine had been "overcome".)

President of Cyclone, " We have a small accounting staff and we do not have the robust employee resources and expertise needed to meet complex and intricate GAAP and SEC reporting requirements of a U.S. public company. "

Fraudulant statement by Cyclone Dec 14, 2010 ."This first WHE-GEN-10 is currently converting exhaust heat from Bent Glass Design’s furnace into grid-tied electric power."
As of March 25, 2015 there has been no indication they have made a water lubricated engine pass this 200-hour endurance test. 

Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
CYPW News: Statement of Ownership (sc 13g) 02/28/2018 11:36:51 AM
CYPW News: Statement of Ownership (sc 13g) 02/08/2018 02:04:30 PM
CYPW News: Quarterly Report (10-q) 01/08/2018 05:10:40 PM
CYPW News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/14/2017 05:16:45 PM
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
#26822  Sticky Note CYPW news - Selling 20% equity in company HallaDurg 02/02/18 02:11:53 PM
#26693  Sticky Note Molten Salt wrote:I think they are issuing stock BuddyWhazhizname 01/15/18 12:19:14 PM
#27299   Volume a joke. Pump and Dump then bobbyknobb 03/19/18 08:19:21 PM
#27298   NO lower possible !!! bobbyknobb 03/19/18 03:32:31 PM
#27297   Can it go lower than .0001 ????? arnold 03/19/18 12:58:42 PM
#27296   6 BILLION shares auth. Cypw sells at 50% bobbyknobb 03/19/18 12:54:31 PM
#27295   I bet 0003s gonna be super thin now OTC Knight 03/19/18 12:45:55 PM
#27294   I am assuming that stocks can't go any arnold 03/19/18 10:54:26 AM
#27289   Nice slapps today you know how many 2s Crazyj 03/16/18 05:14:42 PM
#27288   Way oversold here. Rebound imminent. OTC Knight 03/16/18 09:16:51 AM
#27287   Where did all the volume and cheerleaders GO!!! bobbyknobb 03/15/18 04:38:16 PM
#27286   NO SUCH THING AS ALL BUYS!!! You bobbyknobb 03/15/18 01:12:07 PM
#27285   Keep watching you will see millions of shares arnold 03/15/18 12:59:40 PM
#27284   All buys today. Go CYPW. OTC Knight 03/15/18 12:49:14 PM
#27283   Rebounds as rare as insider buys=NEVER HAPPENED.=SCAM!! SEE bobbyknobb 03/15/18 12:00:17 PM
#27282   Way oversold here. Lets see a nice rebound. OTC Knight 03/15/18 10:33:09 AM
#27281   169.000.000..169 million sold today @ $.000098- .0001…And the arnold 03/14/18 04:54:28 PM
#27280   91 million ..@.0001 or less today, Tuesday arnold 03/13/18 04:17:53 PM
#27279   Arnold is 100% Correct. 50% drops daily to bobbyknobb 03/13/18 12:58:42 PM
#27278   54 million @ .000098 and .0001 .. no arnold 03/13/18 10:59:12 AM
#27277   180 million shares has not provoked any comments? arnold 03/12/18 09:44:02 PM
#27276   180,000,000…180 million shares traded @ $0.000098----$0 .0001 today.Mon arnold 03/12/18 05:00:20 PM
#27274   11:14:57 30,000,000 $ 0.0001 USD arnold 03/12/18 01:37:59 PM
#27273   CRASH DOWN 50%. $0.0001...!! Now $0.00005 from CYPW SCAM. bobbyknobb 03/12/18 12:59:42 PM
#27272   Arnold is 100% correct. Add to that, at bobbyknobb 03/11/18 01:48:34 PM
#27271   Marlin6 wrote this, and I agree. bobbyknobb 03/11/18 01:44:30 PM
#27270   CYPW and trip-zero stocks have the highest risk bobbyknobb 03/11/18 01:42:53 PM
#27269   90,000,000.. 90 million shares traded today.. 0001-000095… Today Friday arnold 03/09/18 04:28:24 PM
#27268   20,000,000 @ .0001 14:29:34….quack quack..water lubed arnold 03/09/18 02:46:36 PM
#27267   WOW such informative cheers. 3 word gibberish show bobbyknobb 03/09/18 02:42:37 PM
#27266   3 ducks on ask. OTC Knight 03/09/18 02:31:40 PM
#27265   25 mill .0001 11:29:18 arnold 03/09/18 01:52:59 PM
#27264   12 milly and 5 milly hits on 0002s OTC Knight 03/09/18 12:49:12 PM
#27263   2's are evaporating for sure. ChartMasterpieces 03/09/18 12:47:29 PM
#27262   12 milly hit on 0002s - here we go!!! OTC Knight 03/09/18 12:25:39 PM
#27261   50 million shares .0001-000095 today. This is arnold 03/08/18 04:23:33 PM
#27260   CHEERING DEALER TRADES is like supporting a KNOWN bobbyknobb 03/08/18 02:36:46 PM
#27259   More milly slaps on 0002s. OTC Knight 03/08/18 02:24:50 PM
#27258   A verifiable SCAM!!! PR's are not FACTS!!! Anyone bobbyknobb 03/08/18 01:04:31 PM
#27257   CRASH DOWN 50% on $200 trade. That values bobbyknobb 03/08/18 12:59:11 PM
#27256   SO otc you admit your posts claiming 0003 bobbyknobb 03/08/18 12:53:01 PM
#27255   'OTC Knight' averages 90 posts a day, is arnold 03/08/18 12:01:41 PM
#27254   Nice milly buys on 0002s today. OTC Knight 03/08/18 11:47:45 AM
#27253   I see .000095-.0001 no bid stock . arnold 03/08/18 11:21:35 AM
#27252   Dilution, Dilution, RAH! RAH! RAH! Goooooooo Cyclone! Tom Swift 03/08/18 09:20:55 AM
#27251   Lets see 0002 x 0003 here. Go CYPW. OTC Knight 03/08/18 09:10:10 AM
#27250   AS we can all see from Buddy's link bobbyknobb 03/07/18 09:23:56 PM
#27248   Well, let's look at what the BuddyWhazhizname 03/07/18 05:50:27 PM
#27247   BINGO ARNOLD..The MM and it's dealers settle return bobbyknobb 03/07/18 04:54:14 PM
#27245   50 MILLION shares traded .0001-.000095.. today ..Bobby Do arnold 03/07/18 04:30:14 PM
#27244   NO FINANCIALS !!!! NO PROTOTYPE !!! NO COMBI-LIFT bobbyknobb 03/07/18 02:12:55 PM
#27243   harry shehole and frankie frooge have sold off bobbyknobb 03/07/18 02:02:23 PM