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Cyclone Performance Director Nelson Hoyos MIA.
Cyclone still lists Hoyos as part of their management:
Nelson Hoyos serves as Director of Development for Cyclone Performance LLC, and team leader for Team Steam USA, which will be seeking to break the land speed record for steam powered vehicles. Nelson is a two-time NHRA Champion and Turbo Magazine “Driver of the Year.” He been involved in the development, racing and business aspects of motorsports for over 30 years, and has been instrumental in leading high profile multi-million dollar race teams and marketing programs for the U.S. Navy, Ford and Chevrolet Racing Divisions. As factory driver and engine technologies advisor, Nelson has set numerous drag racing records for Ford and Chevy, and set a land speed record at Bonneville in excess of 243 mph for the GM Performance/Chevrolet division.
Driver for the TeamSteamUSA LSR Streamliner
Cyclone Power Technologies/Team Steam USA
March 2012 – March 2013 (1 year 1 month)
Cyclone Performance being acquired? Big deal.
Cyclone Performance is the "racing" division of Cyclone Power. It was created back when Harry Schoell hired Nelson Hoyos the drag racer and spent about $300,000 to have a land speed record car built (aka Yellow Turd #2) so Harry could show up Chuk Williams.
Cyclone Performance has never had any product, any sales or any revenues. The race car was built but it still sits waiting for a working Cyclone engine.
Nelson Hoyos got paid for a year or so by Cyclone and left. Cyclone, however, continued to list him as the director of the Performance Division.
Maybe someone wants to buy the engineless car for pennies on the dollar. Or maybe Frankie is just making more claims like all the other that have never come true.
Oh, look. Distributorships for the mythical working Cyclone engine are available. Call now. Operators are standing by.
Deja-vu all over again:
So he developed a trimmable surface-drive system and started a company with Frankie called Pulse Drive. Propellers of all sizes and all the shafts and parts were made in his machine shop. Eventually he sold the company, but the buyer sued him in an effort not to pay. Schoell countersued, and the inventory ended up back in his warehouse. The last thing Schoell wanted was all the parts back. "Sometimes you win you lose," he laments. Know anyone who'd want to buy a great surface-drive system?"
Harry speaks the truth (for once...). See the bottom of page 29 of the article at http://trojanboat.com/wp-content/uploads/2017/07/professional-boat-builder-harry-schoell-article.pdf
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.
"As of August 11, 2017, there were 1,847,264,078 shares of the registrant’s common stock issued and outstanding."
"Cumulative operating and other losses since inception are approximately $29.0 million and non cash derivative losses are $33.1 million."
"In the latter half of 2017, the company projects $300,000 in revenue from the completion of the Combilift Mark 5 contract. An engine for the FSDS contract has been delivered in the third quarter and the final engine is anticipated to be delivered and accepted prior to year end. The remaining $75,000 balance of the contract is contractually required upon delivery. IBES is negotiating to purchase 5 more beta site projects with anticipated additional revenue from sales of $80,000. We anticipate delivering manufactured products thru our integrators and manufacturers by the fourth quarter of 2017. The Company has signed three contracts for deliverables and anticipates purchase orders for manufactured engines by end of third quarter of 2017."
Not accepted yet = hasn't run for 10 hours.
What a slap in the face for Cyclone shareholders.
Here's a shot of the shop, that shareholders have been paying so dearly for all these years:
100% of the building has been leased by Cyclone for how many years now? Let's see, 2004 to 2017 at $65,000 per year rent with all but the last year or two going straight into Harry Schoell's pocket.
Now for the skill testing question: what in that picture has to do with making working steam engines? Hint: it's on the left with junk piled against it.
Front and center is Frankie's custom boat that shareholders paid Schoell marine an undisclosed amount of money to build. You know, the one Frankie was scheduled to set the water speed record for steam boats with in 2012. No sign of a Cyclone engine, though.
Then on the right are production molds for building fiberglass bodies of the custom land speed record car. Harry had Cyclone shareholders pay Schoell Marine an undisclosed big pile of money to make high-quality production molds, because, of course, every Cyclone engine dealer would want an empty body of the land speed record car on display in order to sell more engines.
The first photo of the article is Harry leaning against the roll cage of the car. The engine compartment is at the bottom right of the photo. You can see the details of the electrical system because there happens to be no engine in the engine compartment. Sorta like the boat.
Not too surprising how little progress there's been on the Cyclone engines all these years when you see how little time Harry actually puts into it.
And as Molten Salt said:
I do think a recently deceased member of their chorus is though! What a clever chap!
Oh Boy! A New Agreement! This one won't be just like all the dozens of previous agreements that amounted to nothing. (Repeat after me: I believe, I believe, I believe....)
I wonder if Phoenix will issue another million dollar purchase order for Cyclone engines.
Although, since nothing was delivered on that last million dollar order, it may still be in effect.
By the way Chuck, the contract with FSDS says their two engines only have to run for 10 hours before acceptance. 50 was for the Mark 5 to Combilift. No known Cyclone engine has ever run for 10 hours under load. It's quite likely no Cyclone engine has ever been able to make its advertised power. No Cyclone engine that produces its rated torque at startup (e.g., 850 ft-lbs for the Mark 5) will have its bearings survive the first revolution.
Speaking of the Mark 5, Cyclone had paid out $400,000 in late delivery penalties to Phoenix power before Phoenix cancelled their order for the two Mark 5s. Hopefully they were able to write a similar penalty clause into the new agreement.
So now Phoenix Power, headquartered in that bungalow with a pool in the back yard, is going to fix the design of the WHE engine and put it in production, while paying Cyclone loads of money for the right to do so.
Frankie forgot to mention that Q2Power and Chris Nelson spent $6 million trying to make the WHE work, and failed. They had hired a number of the Ohio State University engineers, and even had a CTO with a PhD in engineering. That's OK. Harry will fix it all real-soon-now, right?
Interesting that a company with zero revenue and pretty close to nothing going on is having trouble filing their 10Q even with having auditors, a CFO and a $10,000 per month consultant. Not to mention a President who is a former Ernst & Ernst auditor.
And now the diversion into solar power. Harry Schoell saying "Hey, look over there!" Harry's design for using molten salt (where have I heard that term before?...) to store solar heat is another pipe dream. It's like a child's crayon drawing of a rocketship blasting garbage into the sun. Yes, theoretically the concept can work, but reality is going to creep in and stop it from happening.
Harry's model seems to be the Solana Generating Station in Arizona. Here's Harry's version:
https://docs.google.com/presentation/d/1872jck-mwkGyMjEcU_6gM4X5msvIeKqmPZxfINMQNio/embed?start=false&loop=false&delayms=3000
Still lots of nonsense about Cyclone engine performance and applications. And even more nonsense about storing solar heat. The Solana plant has an electrical capacity of 280 megawatts. Harry's going to build the same kind of plant to produce 1 kilowatt of electricity. Simple. Just scale everything down by a factor of 280,000. (Wait till he finds out most things don't scale linearly.)
He even foresees cars with Cyclone engines that use heat from a big tank of molten salt at 1000 degrees. Boy, that'll be fun in an accident....
But, maybe he'll find some more suckers to cheat. No working Cyclone engines notwithstanding.
Hey Bobby, I did find one Schoell design that was successful. Here's the details from a previous post:
His only successful product that I could find was the 8-outboard drug runner boat. http://www.snopes.com/photos/boats/drugrunner.asp Crompton Marine of the UK commissioned the designs from Schoell Marine, who was only too happy to design bigger and bigger drug runner boats: http://www.schoellmarine.com/new.htm
Imagine getting a design commission requiring:
- Capable of carrying three tons of cargo
- Speed to outrun any Coast Guard or DEA vessel
- No quarters or facilities for crew or passengers
- Able to run at full speed in open ocean between Africa and England
- Minimal radar profile
and probably being paid with duffle bags of cash. A job a little too dodgy for Harry Schoell? Of course not.
This gig ended when the client ended up in prison.
Of all the other Harry Schoell inventions, well,
- Pulse-Drive Systems International eventually failed after "Many years of trial and error"
- The patented "Delta-Conic" hull turned out to offer a little more speed in calm water but gave boats poor handling in waves. Trojan boats dropped the design after a short production run.
- His biggest "innovations" (http://www.schoellmarine.com/innovations.htm) all went nowhere.
- His previous attempt at engine design, the "Schoell Rolling Radial" engine was never reported to have been seen running.
- His "revolutionary" SR-84 design for setting a speed record (sound familiar?) is now a lawn ornament at Disney. http://www.schoellmarine.com/sr84_files/sr84.htm
- And this one has to be the stupidest of all: http://www.schoellmarine.com/bio_files/bio.htm Putting a sail on the front of a power boat. You can see from the boat's wake that it is hardly moving under sail power. There is zero rudder effectiveness as it drifts down wind. The sail on the bow will keep the stern pointed into the wind like a weathervane so the driver's visibility will be 100% obscured of what he is going to run into. Why would anyone have spent a penny to build something just so plain dumb? I guess the answer is that Harry Schoell got a magazine article written about his "genius"...
Cyclone seems to be Harry's final attempt to prove his critics wrong. That's what's keeping it going.
Over on the steam car board Harry once described the bearing failure he was seeing. It was a textbook lack of lubrication failure but instead of letting the data show him the water lubrication wasn't working, Harry came up with his own theory that bearings are really tiny generators and the electricity they generate was destroying the bearings.
The Ohio State University engineers put in no uncertain terms that there is no known way to make water lubrication work in the Cyclone engine. Harry, having stripped the Mark 5 of all his other inventions beyond the spider bearing, kept water lubrication. The latest Mark 1 and Mark 3 designs also rely on water lubrication working.
He's quite determined to prove the rest of the world wrong, no matter how much investor and customer money he has to waste.
Cyclone's business plan has nothing to do with building working steam engines.
In this mission he and Frankie have no problem deceiving investors and customers about engine performance and function. All those engines that completed alpha and beta testing have never had their actual performance released. Beta testing at Cyclone must mean the engine turns under its own power for a few minutes once the mechanic gives it a push.
Even if some benefactor dropped in millions and a full staff of skilled people equipped with top notch facilities Cyclone would still make no progress. Harry Schoell would see to that by demanding his theories be vindicated above all else.
Cyclone spent about $7 million total in R&D and $14 million in General and Administrative. The only place the bulk of the latter could have ended up is Schoell Marine. I expect Harry and Frankie are quite comfortable and can easily afford to indulge Harry's hobby for as long as he wants.
That's a shame. Chuk Williams ran his steam car at Bonneville Salt Flats at least twice, just touching the record speed before his car crashed.
A couple of his years of delays, of course, were due directly to Harry Schoell's false claims of being able to provide a working engine to Chuk.
Here's a post I made about this a while back:
The car was owned by Chuk Williams. He designed, built and paid for the materials himself. Here's the PR from 2011 when he delivered it to Cyclone to install the engine: http://www.businesswire.com/news/home/20110125006433/en/Cyclone-Williams-Steam-Powered-Speedster-Races-Starting-Line-World
That's Harry Schoell on the left and Chuk Williams on the right.
Cyclone had provided Chuk with a mock-up engine and Chuk re-engineered and rebuilt his car to fit it. It's the round grey thing behind the driver's seat.
As part of the deal Cyclone built the body for the car and written into the contract was that the body would belong to Chuk.
Cyclone never provided a working engine and Chuk was getting eager to actually run his car, so he ended the partnership in 2012. Harry Schoell actually sued Chuk claiming Chuk stole Harry's property (i.e., the car body). The suit ended when Chuk gave the body back. That's why the car ran at Bonneville in 2012 with no body.
http://kimmelsteam.com/images/Chuks%20Car/Chucks%20carDSC_0124.jpg
After Chuk built a new body for his car, Harry sold the old one on Ebay for $3150, claiming it cost (Cyclone shareholders) $70,000 to make. http://www.ebay.com/itm/Land-Speed-Record-LSR-Streamliner-Fiberglass-Car-Body-/251430846090?nma=true&si=HDj0Fog5vpRRD66U%252FQuS6cab4RU%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
The car was designed, built and owned by Chuk Williams. Harry Schoell promised to deliver a working engine, which he never did. Those facts, however, didn't stop Harry Schoell from telling people it was his car. E.g., from a magazine interview in 2011: http://www.editinternational.com/photos.php?id=4dc2dab2a8d90
"Cyclone says their car will do well over 200 miles an hour when they race it on the Bonneville Salt Flats in Utah in late summer."
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.
Wonder how that testing is going...
From Facebook:
Cyclone Power Technologies the test are for two generator systems with base testing then militarization testing total results will be released at end. FSDS engineers are here doing the test. There are what is called TRL levels that is being tested for militarization.
December 7, 2016 at 6:44am
Cyclone Power Technologies should not take more than 6 weeks but hard to predict based on FSDS engineers breaks going back for Holidays. Remember these are militarization TRL level testing.
December 7, 2016 at 12:17pm
Poor, poor Harry Schoell. His key customer can't get their Cyclone engine to produce the advertised power, and it has to be someone else's fault.
The contract with 3R is on file with the SEC. Cyclone contracted to deliver "Cyclone’s heat regenerative, Schoell-cycle external combustion engine system (the “Cyclone Engine”)."
"Heat regenerative" means there are heat exchangers. You can look it up in the Cyclone patents.
"engine system" for a steam engine includes the boiler, i.e., a heat exchanger.
Sure, Cyclone didn't build the heat exchanger (sounds like they don't, or more likely can't, build anything anymore) but there's no question Harry Schoell designed it.
The link you posted is dead. If, however, you meant the presentation document at http://ecosmart.co.za.www460.jnb1.host-h.net/wp-content/uploads/2016/11/IBES-Presentation.pdf, it clearly shows the heat exchanger on page 6: "Cyclone steam engine". The description says "Closed loop system. No need to refill water", which means the heat exchanger, which is part of that closed loop, is included.
And then the photo of the heat exchanger:
Notice the purple thing above the hand. That's the Cyclone engine. The round silver thing to the left is an aluminum casting for the Cyclone engine block. Notice the box just to the upper right says "PHOE". Does that logo look like this:
That's the logo on the Phoenix Power page for the Phoenix-40 generator using the Cyclone Mark 5 engine. (Testing is scheduled to start in early 2013. Whoo-hoo!)
Then the plastic bag on the left in the photo is a McMaster-Carr bag, and they are a U.S. industrial supplier. If that heat exchanger is not sitting on a bench at Cyclone somebody went to a lot of trouble to make it look that way.
Now what you may be trying to claim is that the "REFO biomass boiler" on page 4 designed by 3R is the heat exchanger that doesn't work right. Nope, but nice try. This term "boiler" means hot water boiler used to heat water for radiators and hydronic heating in houses. I.e., what they have "Proven reliability (25 years in the market)" from. They certainly haven't been selling 1000 psi 1000 degree F steam boilers for home heating for 25 years.
So not only is the failure of the heat exchanger to work properly on Harry, but we now see Cyclone's customer is going to China rather than Cyclone to solve the problem.
Either way, whether Harry Schoell designed it and it didn't work anywhere near acceptably, or whether Harry sold a customer an engine requiring 1000 psi 1000 F steam but didn't help them with the necessary heat exchanger, Cyclone's support for their customers doesn't look too good.
On the other hand, when you look at what happened with Revgine, Great Wall, Bent Glass, Phoenix Power, Combilift etc., etc., Cyclone hasn't done well by any of their customers.
Oops, another Harry Schoell FAIL.
You know that line of heat exchangers that Cyclone is going to be making money on? Turns out their customer IBES is having a lot of trouble making the Schoell design work. From their May 2017 update:
Challenges:
The boiler is in its current configuration not generating steam with the required parameters. The engine requires 1000 psi at 550 Centigrade while we only have achieved 50-60% of that. The root problem lies with the heat exchanger in the boiler which restricts the chimney draft. Currently we are considering two options: 1. Revise the design of the heat exchanger to make it less restrictive; and 2. Forced flow in the chimney. We have decided to try with option 2 first and are in the process of getting the solution built.
Challenges:
The main challenge remains the heat exchanger. As mentioned above we have increased the output (to about 800psi) by forcing the draft in the flue but we are still not meeting the target values: 1000psi and 550 Centigrade. Our next step to resolve this is to redesign the HX.
Schedule for the next three months
August: Redesign and manufacture new heat exchanger and test.
Oh boy, Edison again.
Edison's investors were never "not very happy with him" because he never sold an invention or stock until the technology was not only proven successful, but proven commercially successful as well.
Edison's investors all made money.
Edison never even announced inventions until after they were proven to work.
Harry Schoell, in contrast, announced his engine and bragged about its great performance before ever trying to build one. He won awards for non-functioning mockups of engines that he told people ran great. He and Frankie have taken investors' money for years based on claims of "market-ready" engines and production soon starting, even though they were fully aware the engines don't work and production will never start.
Cyclone's investors, except maybe for some pumpers, have all lost their shirts. Same for Cyclone's customers.
Working Engine, yeah right.
The IBES page you linked to says:
"Having the prototype operational and the concept proven, we are gaining momentum towards having the production version ready and are on track to start shipping in mid-December 2016."
Doesn't look like they're having much success.
But hey, it's OK because Cyclone is predicting revenue in the next two quarters. Just like they've been predicting every quarter since, oh, 2007.
Here's a flash from the past. Frankie's video from a year ago:
"dominant world leader". Oh man, this just keeps getting better.
It's simple to look up Falck Schmidt Defense Systems on Google Street View and see what a tiny company they are.
It's a lot harder to find someone who owns a Falck Schmidt APU. Have they sold any to anyone?
Or are Falck Schmidt APUs mythical creatures like the Easter Bunny and working Cyclone engines?
Oh, but there is an industrial research report for sale at importantevents24.com. If it's on the internet, it must be true, right?
A Stanely Steamer set the world speed record in 1906, faster than any kind of car. Lots are still running fine after a century of use. Meanwhile, after two land speed record cars and two water speed record boats, Cyclone's record is still 0.000 mph. Falck Schmidt could do a lot worse than use a Stanley engine.
Sure, it's "Military Grade". Just as long as your military uses catapults and need inert lumps to toss at the enemy.
A HUGE omission from that PR was a statement the engine they shipped met the contract acceptance criteria of running 10 hours. Cyclone gets a sack of money when that happens. But, Frankie didn't mention this, so they still haven't made an engine run for just 10 hours.
And, of course there's no video of an engine actually powering something, after all these years.
But, hey, they're lining up "Worldwide Distributors". What more does a feasible business plan need?
It's almost a pity those distributors will have no product to sell.
Cyclone doesn't disappoint, part 2.
They just posted the quarterly report for Q1 2017.
OPERATING EXPENSES
Advertising and promotion...........180
General and administrative......317,555
Research and development.........40,676
They've gone from the long term average of $2 spent on "General and Administrative" for every dollar spent on R&D to almost $8.
But, hey, they're going to be delivering lots of engines real soon now:
In the latter half of 2017, the company projects $300,000 in revenue from the completion of the Combilift Mark 5 contract. The FSDS contract is projected to be complete by end of the third quarter of 2017 with additional payment due of $75,000. IBES is negotiating to purchase 5 more beta site projects with anticipated additional revenue from sales of $80,000. We anticipate delivering manufactured products thru our integrators and manufacturers by the fourth quarter of 2017. The Company has signed three contracts for deliverables and anticipates purchase orders for manufactured engines by end of third quarter of 2017.
Yeah, you'd think after Revgine, Great Wall, Topline, Renovila and probably some others I'm forgetting at the moment, all paying good money to get Harry's plans and drawings and all being completely unable to build a working engine from them that no one else would fall for that old scam.
I think, however, the Danes know what they are getting into.
Their contract with Cyclone was obviously worked over by their lawyer. For instance, any improvement Cyclone comes up with must be shared with the Danes as a no-cost addition to the license. Any improvements the Danes come up with will be kept secret from Cyclone and be the sole property of the Danes.
I'll bet the Danes paid the $150K to find out everything Harry has tried on a Cyclone engine so they can do the opposite.
I will also bet the EU governments have a lot of R&D money that gets spread around. The Danish company is actually quite small. Their biggest job was to install a retrofit kit on personnel carriers for the Danish army. A few million dollars for R&D would keep them in smoked fish for a long time. Even with zero success in making a Cyclone engine work.
The Danes will likely do rational things like getting rid of the "spider bearing", eliminating water lubrication and reducing the engine to one or two cylinders. You know, build a steam engine that actually has a chance of working right.
Oh, and the royalty on the genset engine, if they use Cyclone's design, is only $125. For that they get to pretend there is patent protection on the engine design. Peanuts.
So it looks like Harry Schoell's scam is going to live on beyond Cyclone.
And the bar is lowered, again.
Phoenix Power contracted with Cyclone for two Mark 5 engines years ago with an acceptance criterion of running 200 hours under part load. Cyclone couldn't make the Mark 5 work so the contract was modified to Cyclone providing two WHE engines that would be accepted after running 200 hours.
That contract went to Q2Power. Those WHE engines were never delivered and Q2Power gave up on them a year ago.
Combilift contracted for two Mark 5 engines that only needed to run for 50 hours under part load to be accepted. That hasn't happened yet.
Falck Schmidt Defence Systems of Denmark has contracted for two S-2 engines, and these only have to run for 10 hours before being accepted.
That hasn't happened yet. Here's how we can tell. The prior contract had performance payments:
US 25,000 USD upon signing this Agreement (non-refundable);
US 25.000 Start of work meeting (SOW)
US 25.000 Long lead items ordered
US 25.000 Critical design review (CDR),(control, electric and mechanical interfaces review)
US 50.000 Engine design Documentation package delivered a full documentation package containing all information and drawings for production of S-2 system
US 75.000 Final engine test completed
US 225.000 total.
On page 9 of the annual report: "We have received $150,000 with another $75,000 due on delivery for 2 S2 systems. We have completed 80% of the testing and anticipate delivery and final payments within the next 1-2 months."
Which means they haven't been able to make an engine run for 10 hours. And, of course, they "anticipate" delivery in the next month or two, just like they have anticipated delivery of the Combilift engines in a month or two for the last three years.
13 years, investors $60 million poorer, and a "market ready" Cyclone engine has never run for 10 hours.
The appendix to that contract lists the engine requirements:
1...Multi-fuel capability...JP8 or kerosine/diesel...Resp.: Cyclone
2...Engine Power...15 HP...Resp.: Cyclone
3...Speed...100 - 3600 RPM ...Resp.: Cyclone
4...Time of operation...>10hours...Resp.: Cyclone
5...Sustained power (Gross - parasitic)...>8kW ...Resp.: Cyclone
6 ...Parasitic load...<2kW...Resp.: FSDS - Assistance : Cyclone
7...Response time O to 2 kW...10 sec...Resp.: FSDS - Assistance : Cyclone
8...Response time 2 to 4 kW...10 sec...Resp.: FSDS - Assistance : Cyclone
9...Response time 4 to 8 kW...10 sec...Resp. : FSDS - Assistance: Cyclone
10...Response time 2 to 8 kW...20 sec...Resp. : FSDS - Assistance: Cyclone
11...Efficiency...>25%...Resp. : FSDS - Assistance: Cyclone
12...Acoustic signature...1m, <80dBA ...Resp.: FSDS - Assistance: Cyclone
13...Start up time (0 to 8kW)...< 1 minute ...Resp. : FSDS - Assistance: Cyclone
14...Weight...60kg...Resp. : FSDS - Assistance : Cyclone
15...Volume...60L...Resp.: FSDS - Assistance : Cyclone
16...Tilt angel (2 directions...+-30 degrees ...Resp.: FSDS - Assistance : Cyclone
17...Operation low temperature...-32C...Resp.: FSDS - Assistance: Cyclone
18...Operation high temperature...soc ...Resp.: FSDS - Assistance : Cyclone
19...Storage low temperature...-32C...Resp.: FSDS - Assistance: Cyclone
20...Storage high temperature...soc ...Resp.: FSDS - Assistance : Cyclone
kerosine?
There's as much chance this Cyclone system will work as the Cyclone solar power system.
Harry obviously has no experience with cold weather. -32C is 26 degrees below zero. Water gets pretty thick at that temperature. "soc" as the high temperature must be 50C, which is 122F.
The 60 liter volume is just over two cubic feet. Remember the video of the Mark 3 from last year:
and another contract for Chad Tendrich for 12 months giving him:
Company agrees starting April 1, 2017 to pay and deliver to Consultant $10,000 worth of restricted common stock of the Company (the “Stock Consideration”) per month ( convertible at a reasonable agreed discount) for its services during the Term hereof and shall be considered earned on the first of each month (even if the actual certificate is issued at a later date).
Another consultant Chad Tendrich
His second contract says he was hired to deal with the previous auditor:
WHEREAS, the Company had not been able to complete its audit with its auditors Anton and Chia LLC out of California.
WHEREAS, the Company realized that it shifted the responsibilities to completely manage the process of completing the audit with the current auditor, deal with legal issues, the OTC Markets, edgarizing process as well as the Consultants existing responsibilities required considerably more time, effort and resources of the Consultant;
NOW THEREFORE, the Company is issuing to the Consultant a onetime payment of 50,000,000 shares of Company stock for going above and beyond the his responsibilities to get the job done.
Cyclone consultant Larry Bornstein
The first and second contracts have been filed with the annual report. His duties?
Specifically, the Consultant shall be the lead for the company in dealing with the auditors and the company to completely manage the audit process, manage its timing, conference calls, all document flow and any other items required to complete the audit and public reporting.
New Cyclone PR, same Cyclone BS....
They haven't demonstrated a working engine, but are busy setting up worldwide distributorships for Cyclone generators.
The "engineering team" is also investigating sites in Tennessee for the Cyclone solar power system. Apparently there isn't enough sunshine in Miami. Frankie is right about one thing: their plans to make a molten salt heat storage system is absolutely full of fertilizer.
And, in terms of history repeating itself, the first product Cyclone failed to deliver was their solar power system in 2007. They said then they were setting up dozens of test sites. Maybe Tennessee will be the first.
Cyclone Power Technologies Filed 2016 Audit and Reports Progress to Investors
POMPANO BEACH, FL--(Marketwired - Aug 1, 2017) - Cyclone Power Technologies ( OTC PINK : CYPW ) Auditor, Soles, Hynes & Company have completed the fiscal year end 2016 audit, as well as, review of the first three quarters of 2016. The first quarter of fiscal 2017 is to be filed in the next few days. We fully anticipate filing the second quarter of 2017 on time. These filings will make the Company up to date and compliant with the reporting requirements of the governing bodies. "Again we are aware of the huge undertaking to bring the company current and now realize that it was a much bigger undertaking than we ever imagined, however we are finally done and the audited statements are released," states Frankie Fruge, Company President.
"Cyclone has also settled in full with the previous auditors Anton Chia which was incurred by the delays and additional work necessary to bring us current on the past years of financial reporting. This was an important step for us, as we couldn't release the 2016 statements without the confirmation from the past auditors," explains Frankie Fruge. We have also come to favorable terms with companies holding judgements against Cyclone to eliminate outstanding issues which would have impeded us from moving forward with our business model.
Cyclone and Jim Hasson from OP Schuman have met with TAW in Tampa this past week to go over the control systems and finalization for the integration of the Mark 1 and 3 Cyclone Engines into constant duty ALL fuel generator sets. There will be four sizes ranging from 3Kw to 18Kw, both AC and DC models available also in 50 and 60 cycle. TAW will also be the supplier of several parts in addition to the final integration. TAW has all of the certification and regulatory commissions needed to finalize for worldwide generator application. Distributorships are being set up worldwide with organizations that have the knowledge and systems in place to install the generators and to integrate into Combined Power and Heat.
The engineering staff visited two industrial sites in Tennessee for the first of the Thermal Storage Unit based Solar 24 Hour power plants using Cyclone Engines and a Solar Thermal Storage Battery. A Thermal Storage Battery (TSU) is a Green Technology using molten salt (fertilizer if you ever have to dispose) to hold the heat from the sun. Cyclone Engines then uses this heat to power the generator and power is produced 24 hours a day from sun light. As we progress into the manufacturing of the 3Kw to 18Kw, the Mark 7 (160 Kw) for industrial solar power with the Cyclone's Thermal Storage Unit will be the next project. The Solar project in the 1Mw range will be our next main focus to be manufactured. The interest in this storage of free solar heat to run an engine after the sun goes down is there. Industrial sites, office buildings, and malls can reduce their power consumption and in turn lower their utility bills. Utility companies can regulate their peaks on a 24 hour basis and reduce their brown outs. The thermal battery with the Cyclone Engine and the solar troughs gives the consumer an alternative to battery storage Photovoltaic. The Photovoltaic Battery storage cost over 4 times as much as a Cyclone Thermal Battery storage and the Cyclone Thermal Battery is fertilizer upon decommissioning unlike the replacement and recycling of PV batteries. Cyclone is pursing LOI's for this application.
Frankie Fruge, President, states: "We believe in the progress of our business model and the viability of our technology. Cyclone is now aligned with established partners as integrators, manufacturers, vendors, and licensees. The process of completion of manufacturing and integration is close. Our shareholders and supporters must not overlook the strengths of Cyclone, as they truly separate us from the vast majority of "micro-cap" companies out there. We are energized by these projects and partners, and will continue to work diligently providing results for our shareholders."
I have to admit, Cyclone doesn't disappoint.
The first page of the (late) annual report promises production in six months:
Our business model is to subcontract the manufacturing of these models and sell them to commercial customers and vertical partners starting in 2017.
We are able to achieve such high thermal efficiencies because we have figured out how to run our engines without using lubricating oil which carbonizes at high temperatures.
Yep, it has been quiet, hasn't it?
That talk at the automotive trade show in Germany led to no new deals. Imagine that, after they "invited" Harry to speak there. (Just like NASA "invited" Cyclone to run the land speed record car at the Space Shuttle runway, right after Cyclone paid the $$$ to rent the runway.)
The fellow in Dubai was going to reassemble his Cyclone engine and run tests on his heat and power system. Months ago now.
The Danish military supplier was at Cyclone in December testing that genset. Frankie said on Facebook the test results would be published. Still waiting for that.
There was that genset dealer in Florida who was waiting on a (working) Cyclone engine to put into a genset. This was part of Cyclone's new business model where others would build engines to Harry's in-genius design, another company would put them into gensets, and more companies would sell and service them, with Cyclone just skimming profits as the truckloads of engines drove by. The fact there are no working engines is just a minor detail in President Frankie's plan. Not even worth mentioning, as Frankie continually fails to mention this fact.
There was supposed to be a solar powered Cyclone system put together in Mexico last summer, and another one put together in Tennessee about now.
Not to mention all those 1 megawatt Cyclone solar systems that were going to be built in Holland or Turkey or someplace.
Combilift is still waiting for their two Mark 5 engines, the ones that have spent the last 3 or 4 years on the dyno "finishing" their 50 hour running tests and being prepared for shipping.
We're now at 13 years and over $25 million in actual spending (plus another $30 million in derivative losses borne by investors) and Cyclone has yet to demonstrate an engine powering anything. Nor have they given any hint as to what the holdup is. Well, other than the more recent excuses about not having enough money to package all those great engines for shipping to customers, or some such.
I can hardly wait until next year's Reno air races. According to Harry's aerodynamic drag calculations, his Cyclone powered P-51 will probably break the sound barrier just taxiing to the runway.
Here's all you need to know about QPWR. From the top of page 23 of the last 10Q:
In March 2017, the Company completed the initial $1,050,000 tranche of its Bridge Offering, and since that time, has raised an additional $400,000 in follow-on investments. Discussion of the Bridge Offering is provided in “Financial Condition, Liquidity and Capital Resources”. Funds from the Bridge Offering are sufficient to provide for operations for the Company through at least the end of 2017, which includes advancing its strategy to acquire cash-flowing composting businesses, but not closing such acquisitions forecasted in Q4 2017. Consummation of these acquisitions would require up to $20 million in additional capital, which management is in the process of securing.
Maybe not economically justified, but it does make sense someone would pay to get out of Cyclone.
Imagine every time you look at your account, there it is, CYPW that you lost more than 99.9% on reminding you that you trusted Harry Schoell's claims of having a working steam engine.
A constant reminder of all those times Cyclone raised your hopes with claims of production soon starting, engines in final testing, new contracts with customers, partners going to develop engines for new markets, and a car and boat that were going to set world records.
$5 to close up that nightmare? A bargain.
I'm still waiting on those test results they promised in December. Just like Harry, though. Promise great things then clam up when his "in-genius" hardware doesn't work and try to distract people with the next promise of great things.
There is potentially a business making steam engines. It won't be the "One world, one engine" fantasy, but there are probably enough people wanting to live off-grid to make a mom and pop company work. Cyclone will never be this company, though, because Harry will never make a working engine.
Ohio State University proved neither the "spider bearing" nor water lubrication can be made to work, but Harry continues to build engines relying on both. Meanwhile, without a working engine and without a hope of ever having a working engine, Frankie keeps churning out dreams of partnerships, defense contracts and solar systems as if they could ever happen.
Once the Cyclone Kool-Aid wears off, $5 to get out is cheap.
Invest $1000s in Cyclone and wait?
No, looks like they got 60 cents in trades today.
No news lately. No shakey videos of engines running for up to 70 seconds under their own power. No statements about those Mark 5s for Combilift on the dyno finishing up their 50 hour tests before shipping. No loads of engines being shipped to the heat and power outfit in Dubai. No military readiness test results (that were promised in December).
Maybe Harry and the "engineering staff" are too busy headed for the Bonneville Salt Flats to set all those world records.
Can't wait for that video.
I wonder how Harry's presentation went at that German automotive trade show last week.
Maybe the PRs announcing all the big deals that were signed are "in the mail"?
Whether Cyclone is just a contract R&D shop or an engine manufacturer depends on who they're trying to con at the moment.
When it comes to investors and customers for engines, they're a manufacturer who is going to be in production in six months. After all, why would anyone willingly pay Harry Schoell to do nothing but play with his "Schoell cycle" engine?
When it comes to investors or customers six months (and many years) later wondering where the working engines are, they're a development-only company.
Phoenix Power originally ordered two Mark 5 engines, but they were smart. They put in a $50,000 per month late delivery penalty with a $400.000 cap.
They got every penny of that $400,000 and they only had to pay $100,000 in development fees to get it.
3R was that Danish promoter with the Chinese investor (who turned out to have no money). 3R folded and what they had went to Dubai.
The Combilift contract for the two Mark 5 engines say a $300,000 progress payment is to be made when the engines run 50 hours. That hasn't happened. The last news on the Mark 5 was a video from a couple years back showing the engine spinning with no load for about a minute. It also showed most of Harry's ingenious inventions had been stripped off the engine (and it still doesn't work...).
The Phoenix Power contract had a $150,000 progress payment for a WHE engine running under part load for 200 hours. This contract went to Q2Power, who ended engine development a year ago without this payment being made. Q2Power had sold one system to a company in Florida but it appears they defaulted without even having started building it. Q2Power has given this contract to Phoenix, and it looks like the Phoenix contract for WHE engines has finally been cancelled. Phoenix was the one that issued the million dollar purchase order a few years back.
The Dubai people (person?) have lifted a couple illustrations I made for the Wikipedia articles on the Mark 5 and the WHE. Those articles give the long history of Cyclone's promises then failures to deliver working engines. Make you wonder how that 24/7 testing is working out for them.
"Engineers", yeah, I caught that too.
Their staff genius, Harry, never set foot in a college. Maybe the former fiberglass repairmen from Schoell Marine who became the Cyclone machinists and mechanics have now been promoted to Cyclone engineers. And they can buff up a finish on a boat or car like you wouldn't believe.
And the story just keeps getting better, doesn't it? Cyclone has now hooked up with "Native One", an outfit that's going to put Cyclone generators on remote native lands. Who runs this company doing such great work for the Indians? Two guys named Kyle Hoffman and Dennis Smith. Wonder what tribe they come from? Can't you just smell the scam?
Oh boy, just look at all those agreements with suppliers, vendors, contractors, auditors, manufacturers, OEMs, and apparently anyone else who can't run away fast enough. They've got a purchase order for 200 generators. Wow.
Now they just need an engine that works.
Cyclone's been trying to do that for 13 years now, and they still haven't demonstrated an engine powering anything.
Q2Power went through $6 million trying to get the WHE engine working and they gave up a year ago with nothing to show.
Funny, though. We're now told of the Cyclone solar power system being set up in Tennessee, but silence on the solar power system that was supposed to have been built in Mexico last summer. Harry was supposed to go there last August and bring a working Cyclone engine with him.
There's also no word on the outfit in Dubai that Cyclone was building five more engines for.
Just like in the past: big announcements followed by silence when Cyclone can't deliver.
And what do you know? Harry is on the speaker's schedule at the Engine Expo 2017 in Stuttgart
11:50 - External combustion engines – 21st century's all-fuel green engine
Harry Schoell, CTO/chairman, Cyclone Power Technologies Inc, USA
The presentation will explain how Cyclone Power Technologies has taken the Rankin cycle with efficiencies of over 30% to an all-fuel green engine as a power source. Meeting emissions on tier 7, manufacturing and maintenance friendly, water lubricated (no oil), cost comparable to ICE and Diesel engines with fewer peripherals to maintain.
Oh boy. Harry's BS is thick and deep.
30,000 hour bearing life? 5,000 hour life on rings and seals? Of course, that would apply to an engine running at full load.
We do know two things for sure:
1) Phoenix Power contracted to pay $150,000 when a WHE engine ran continuously under part load for 200 hours. This payment was never made according to Q2Power's latest filings. Keep in mind engineers at Ohio State University redesigned the engine and Q2Power burned through $6 million and it still couldn't run for 200 hours. Q2Power has never demonstrated the engine working or released any information at all on what the real engine performance was. They've given up on being in the steam engine business.
2) Combilift contracted to pay $300,000 when Cyclone demonstrated two Mark 5 engines running under part load for 50 hours each. This also hasn't been paid out, so we know no Mark 5 has run for 50 hours. Similar to Q2Power, Cyclone has never released any honest information on what engine performance really is.
In addition to that we know Ohio State redesigned the WHE to eliminate the spider bearing. At the time they predicted they would soon run an engine for 200 hours. Instead they discovered the water-lubricated bearings were the next major failure point. Ohio State didn't say how long the WHE engine was made to run, but it was nowhere near the 200 hour goal.
So the IBES people believe bearings will last 30,000 hours? I wonder if they really do believe this or whether they are also con artists pretending they believe what Harry says to scam their own investors and customers.
I also wonder if they are in one of those countries that cuts your hand off for thievery. One can hope.
Doesn't seem to be much new at Cyclone lately.
In early December Frankie posted on Facebook that the Danish military contractor was there starting the military readiness testing on the Mark 3 generator. That was supposed to take six weeks and Frankie said test results would be published.
No doubt the Danes have figured out by now that Harry and Frankie lied their faces off about having a working engine. What Cyclone has isn't even at proof of concept stage, just as the Cyclone engine has been since 2004.
Then there is IBES, the people in Dubai hoping to go into the combined heat and power system business with Cyclone engines. They've been posting some news at www.ibes-energy.com The Cyclone engine they have failed in initial testing and is being rebuilt now. They have ordered generators to connect with engines, which means their Cyclone engine failed even before being connected to any load. Their photos confirm nothing was connected to the engine.
Their video is cute, with a Cyclone engine turning slowly for under a minute while not connected to anything. Seem familiar?
Just like Cyclone, they are going to be in production within six months.
Their website and literature lift two drawings I made of Cyclone engines for Wikipedia articles. This means they know the long history of false claims and failure around Cyclone engines, yet they are happily predicting production will start soon. Looks like Harry and Frankie found kindred spirits to con more investors and customers.
Then there were the people in Mexico building a solar power system who Harry was supposed to visit last August to deliver a working Cyclone engine. Obviously that hasn't happened yet.
I sometimes wonder if Fankie expected spending her retirement working seven days a week trying to con people into giving Harry money so he can engage in his fantasy of being a genius.
Sept. 30/16: TOTAL CURRENT ASSETS $5,737
TOTAL CURRENT LIABILITIES $1,818,226
EXPENSES
For the nine months ended September 30, 2016
Payroll.............................$512,561
Professional fees....................692,416
Research and development.............355,884
Other, general and administrative....166,492
Total Expenses.....................1,727,353
I.e., even when their ONLY business was R&D, only 20.6% of the spending went into R&D.
Q2P's business plan going forward is still the same: raise money from investors and steer as much as possible to insiders.
Don't forget setting a 400 mph speed record by the end of 2012.
Cyclone stiffed those California auditors for a lot of money. Those auditors mentioned it in a letter to the SEC saying they resigned as Cyclone's auditors of record.
The new Florida auditors will know this so they are going to be demanding cash in advance before doing any work for Cyclone.
Cyclone raised some cash last year by selling licenses and development contracts. The only way they could have done this was by lying to the customers about their engines actually working.
There haven't been any recent announcements about them conning any new customers, and the existing customers won't be making any additional payments since there are no working engines. So Cyclone hasn't raised any cash lately.
Cyclone also has no assets to sell. The last reports mentioned writing off a large amount of promotional equipment (probably Frankie's boat included) with no associated revenue.
Unless Schoell Marine starts kicking back some of the cash that disappeared into it, Cyclone will not have any money to pay the new auditor and so there will be no new financial reports forthcoming.
And we are now four months past the time when the test results for the military genset were promised. Wonder how that testing worked out?
Actually Q2Power did sell a WHE unit to a company in Florida in January of last year. It was supposed to be delivered in April.
They stopped filing financial reports, but the last showed they had not gotten any progress payments for the unit and by May had laid off all the staff.
Most likely they didn't even start to build it.
Chris Nelson learned well from Harry how to sell non-existant technology to gullible customers.