Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

Making a super critical steam engine work is only a small part of their problem. The low pressure, low temperature WHE waste heat engine has been a continual failure since they sold the first one to Bent Glass Designs in Pennsylvania in November of 2008. They still haven't shown any engine that can run for 10 hours without self destructing.

Yet in those ten years they have continually promised that engines will be going into production within six months, and have signed a variety of contracts either to supply working engines themselves or to supply the designs of working engines for others to make.

At the Shareholder Open House of December 2011 (presentation on file at the SEC) Harry Schoell told shareholders that all the technological problems with the engines had been overcome:



Here was the schedule they provided then:



The first box, Phoenix Delivery of a WHE engine still hasn't occurred, now seven years later.

Since you work so closely with them, could you tell us why they haven't been publicly demonstrating any working engines given they they claim to have solved all their technical problems?

Harry Schoell and Frankie Fruge haven't provided any explanations. All they've done is continue to claim engines will be going into production soon, and sign contracts promising delivery of working engines to customers.

They are working hard for investors? Really? Frankie Fruge, whose bio says she is a former auditor at Ernst & Ernst, and has a full time CFO and at least four business consultants being paid hundreds of millions of shares each has not only not filed the last 10Q, but did not even file the notice Cyclone would be late with the 10Q. How much work is that? For a company with perhaps a few employees and possible revenue only from one investor, how much work would it be to copy the last 10Q and update a few numbers?

The last 10Q wasn't audited, so the excuse that they're not filing because they can't afford audit fees dosen't fly.

As for Harry Schoell, what is he doing seven days a week? Exactly the same uneducated tinkering he has done for the last 14 years or so with no success? In 2013 Cyclone hired the automotive research lab at Ohio State University to fix the problems with the WHE engine. First they eliminated Schoell's "spider bearing" and saw a big improvement in engine reliability, but then discovered that no known bearing can survive in a water-lubricated Cyclone engine for long. They proposed building a bearing test machine to develop new bearings that would survive. Cyclone then stopped funding the work.

That was five years ago now. Harry Schoell is still trying to make his "spider bearing" and water lubrication work, with zero success. The contract to supply WHE engines to Phoenix Power required them to run for 200 hours without failure. The engines for FSDS of Denmark only required engines to run for 10 hours, and Cyclone still hasn't managed that.

They still tell people, e.g., recently on Facebook, that they have water lubrication working just fine. Someone popped up on this board recently claiming that water lubrication works in Cyclone engines with hybrid ceramic-steel ball bearings. When bearing manufacturers' data was used to show that couldn't possibly be true, the Cyclone advocate disappeared.

Could it be that Harry Schoell likes to tinker and pretend to be an "ingenious inventor", and Cyclone investors have funding his paid vacation for all these years? He certainly isn't interested in building working steam engines. Lots of people were doing that, successfully, for the last 200 years. It's not that hard.

There's also no explanation of what happened to all those tens of millions of dollars of investors' money that disappeared into Cyclone. Here's a shot from the last video they put on Facebook:



That's all there is to show for at least $25,000,000 in cash spent by Cyclone. And that little engine still doesn't produce any power. Where did all that money go? Certainly not to making working steam engines they promised to customers and investors.

The current round of promises are that three 1500 hp Mark 10 engines will be completed and running by the end of this month, and will be installed and working in a solar power system at the end of the next quarter. Any bets they'll make good on those promises?

So, after telling investors in 2011 that all the technical problems with the engines have been overcome, can you tell us why they have still never demonstrated a working engine?

By the way, the Pulse Drive business is still for sale. They were trying to hawk it on Facebook a while ago. It was sold once, but the buyer ended up suing them and they ended up with the business back. Funny, though, for such a great product they haven't been trying to sell any for all these years...