NEWS --
POMPANO BEACH, Fla., Mar 01, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies
(Pink Sheets: CYPW) announced today that the Environmental Protection Department
of Broward County, Florida has presented Cyclone with its Emerald Award in
recognition of the company's commitment to protecting and preserving the
environment through its achievements in green technology.
Of particular significance in receiving the award is Cyclone's work in waste
energy recovery, including developing Rankine cycle external combustion engine
systems that produce electrical power from the recapture of waste heat, such as
landfill flares and industrial furnaces, and the recycling of waste motor oil.
Based on the company's initial projections, the potential benefits of its work
in waste energy recovery over the next few years could be enormous, including:
-- Production of 1.5 billion kWh of clean, renewable electricity;
-- Avoidance of Co2 emissions of 1.48 million tons;
-- Operational savings of $116 million for facility owners; and
-- Creation of 2,250+ clean energy jobs in the U.S.
"We are honored to receive this recognition," stated Harry Sch oell, Cyclone's
CEO. "We know that our technology can have a material and widespread beneficial
effect on the world we live, and we are working diligently to help our licensees
and partners bring our engines to market as soon as possible."
This is the second Emerald Award that Cyclone has received. In 2007, the company
won this award and was named Environmental Business of the Year by the Broward
Environmental Protection Department.
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine
-- an eco-friendly external combustion engine with the power and versatility to
run everything from portable electric generators and garden equipment to cars,
trucks and locomotives. Invented by company founder and CEO Harry Schoell, the
patented Cyclone Engine is a modern day steam engine, ingeniously designed to
achieve high thermal efficiencies through a compact heat-regenerative process,
and t o run on virtually any fuel - including bio-diesels, syngas or solar -
while emitting fewer greenhouse gases and irritating pollutants into the air.
Currently in its late stages of development, the Cyclone Engine was recognized
by Popular Science Magazine as the Invention of the Year for 2008, and was
presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and
2008. Additionally, Cyclone was recently named Environmental Business of the
Year by the Broward County Environmental Protection Department. For more
information, visit www.cyclonepower.com.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, wit hout limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. The company cautions that
these forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any statements in
this release, whether as a result of new information, future events or
otherwise.
SOURCE: Cyclone Power Technologies
CONTACT:
For Cyclone Power Technologies
Media Contact
Will Wellons, 407-462-2718
will@wellonscommunications.com
or
Company Contact:
Frankie Fruge, 954-943-8721
Frankie@cyclonepower.com
Copyright Business Wire 2010
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