Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

NOTE 18 – SUBSEQUENT EVENTS

In the last quarter of 2016, the Company engaged in the following transactions:

a. Placed purchase orders for the pre production manufacturing of 10 Mark 1 engines to test application and integration with customers’ systems

Remember this PR:

Cyclone Power Technologies Authorizes Pre-Production of Mark 1 Engines

POMPANO BEACH, FL--(Marketwired - Nov 7, 2014) - Cyclone Power Technologies (PINKSHEETS: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that HyPex Inc. is manufacturing a pre-production of 10 Mark I engines to test performance and quality control before going into engine production on a larger scale.

Sounds like the same 10 engines. The same 10 engines the 2016 annual report said were already undergoing testing by customers.

I doubt if these 10 engines will ever be built. The Mark 1 prototype they have was only shown running for a minute in the last video and wasn't even powering anything. If you actually give engines to customers they will probably try to run them and will find out just how bad the Cyclone engine is.

The cash management plan is the same as always:

In mid 2017, the company anticipates $300,000 in revenue from the completion of the Combilift Mark 5 contract. The FSDS contract is projected to be complete in first half of 2017 with additional payment due of $75,000. IBES is negotiating to purchase 5 more beta site projects with an anticipated additional revenue from R&D of $80,000. We project 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 summer of 2017.

Additionally, we have potential contracts in various stages of negotiation that could generate another $2 million in revenue over the following 12 to 24 months. We cannot guarantee that we will be successful in closing these new contracts, but we are cautiously optimistic that these or other opportunities will materialize in the coming quarters.

They anticipate delivering engines to customers. Just for reference, the Mark 5 was originally supposed to be delivered to Phoenix Power in January 2010. Combilift was promised theirs for July 2012.

So, the usual flat-out lying about engine delivery predictions. In the last video of the Mark 5 it spun with no load for a minute, and even then the speed was going up and down uncontrollably. Harry and Frankie know fully well there are a bunch of technical problems they've been working on for a decade and still have no clue on how to fix them. Nothing short of a miracle will make these predictions come true.