Raytheon ordered 2 Mark 5 engines but got two "Manta 36" engines when the Mark 5s couldn't be made to work. The executive championing the submersible program, Kevin Bowen, retired from Raytheon and there has been no word from them about Cyclone since 2011.
Renovalia ordered a S1 engine for solar collectors, but Cyclone couldn't deliver an engine that worked. Renovalia subsequently settled on Stirling engines for their solar collectors. Everyone in the solar industry knows Renovalia licensed Cyclone technology and it didn't work.
Combilift paid $100k in development fees in 2011 and ordered 2 Mark 5 engines for delivery in Q2 2012. They're still waiting.
Phoenix was the partner for the WHE engine. That's now spun out into WHE Generation. They are no longer a partner of Cyclone.
Tardec paid $1.4m and waited 7 years for a 10kW generator. As people have pointed out, this contract finally was finished, and Cyclone has no follow-up contract.
Ohio State University CAR was hired by Cyclone to do Cyclone's research and development. They've now left with WHE Generation. Cyclone's R&D is back to Harry Schoell, who hasn't been able to publicly demonstrate a working engine after 10 years and 10s of millions spent on development.
Precision CNC left with WHE Generation. Yesterday's memo said Cyclone has hired a new machine shop, Hypex.
Team Steam USA is the land speed record car sponsored by Cyclone. They had the car built in 2012 but have never put an engine in it. It looks good, though.
New "Partners":
Hypex is a machine shop that makes things for customers. Customers pay for the parts they get. Hypex isn't merging with or funding Cyclone.
Ranotor is a one-man Swedish company that promotes steam engines. There is no record they have ever sold anything, or even built a working engine. (If they sold only stock, they'd be much like Cyclone.)
Dr. Kim is a professor who studies cold fusion (=LENR). Cold fusion is an example of a "pathological science". Will cold fusion help Cyclone? Why not?
Of Cyclone's millions in liabilities, they've only received $75K from WHE, and that went directly to one creditor. From page 21 of the Q1 10Q:
This was Cyclone's only reasonable chance at revenue this year, but WHE Generation is no longer a subsidiary so Cyclone will have to continue to survive with no revenue but lots of debt.
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