Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

Actually, the Terms of Service, rule 5B says

B. Attacks, verbally or otherwise, any other user, the website, any non-public figure, or any agents or employees of iHub;

Being the President and CTO of a publicly held company that are quoted in hundreds of press releases promising material achievements makes them public figures.

So, for instance, Harry Schoell told investors at the 2011 Shareholder's Open House that all the technological problems with the Cyclone engine had been overcome. Here's a slide from the presentation they filed with the SEC https://www.sec.gov/Archives/edgar/data/1442711/000139843211000968/page16_01.jpg



That's more than seven years ago now, and they've still never demonstrated a working engine. Why? They've never explained. Even a little.

But that hasn't stopped them from making dozens of announcements claiming Cyclone engines will soon be in production. The latest announcements had to do with having sold an $11 million contract to supply electricity:

POMPANO BEACH, FL, July 18, 2018 (GLOBE NEWSWIRE) -- Cyclone Power Technologies (OTC BB: CYPW) announced that it has entered into its first microgrid installation contract to provide systems that provide over 3 Megawatts of electricity, hot water and 72 hour storage backup through our patent pending Thermal Storage Units for over 365,000 square feet of medical facilities in Palm Beach County Florida beginning 1Q 2019.

and

“Florida law requires alternative power solutions for all elderly facilities," states Frankie Fruge, President.

Guess what, it's now Q1 2019 and there is no solar power plant, nor the three 1500 hp Mark 10 engines promised for Q4 2018, nor any mention of just what has been done on this project subsequent to the PRs.

Harry Schoell and Frankie Fruge know they can't make Cyclone engines work, and have known this for many years. Yet they have continued to tell investors just the opposite. They couldn't make the low power WHE engine run for the 200 hours required by customer Phoenix Power and even hiring the automotive research center at Ohio State University to fix all the problems with the engine could not make it survive for 200 hours.

In July 2009, almost 10 years ago now, Cyclone sold two Mark 5 engines to Phoenix Power for delivery in six months. Cyclone never delivered those engines and paid $400,000 in late delivery penalties before the contract was cancelled by Phoenix.

Cyclone then in September 2011 sold those two Mark 5 engines to Combilift with promised delivery in July 2012. Those engines were required to run for 50 hours before shipment, and they have never met that requirement. That delivery is now almost 7 years late.

The latest contract for working engines was announced in June 2016 for two S-2 low power engines that only had to run for 10 hours without self destructing. They still haven't achieved that minor milestone.

Yet, last July they were confidently promising delivery of three 1500 hp engines that would run continuously for 10 years to fulfill that $11 million power contract.

If that's not bald faced lying from Fruge and Schoell, what is it?