NEWS --
POMPANO BEACH, Fla., Mar 17, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies
Inc. (Pink Sheets: CYPW) has signed a letter of intent with Unified Fuels LLC of
Foley, Alabama regarding the co-development an d systems integration of Cyclone's
heat-regenerative external combustion engines.
Under the LOI, Cyclone and Unified will perform certain business and
technological feasibility studies related to using Cyclone's Mark V and Waste
Heat Engines with Unified's waste-to-fuel systems. Unified's process uses a form
of destructive distillation in which manipulation of the carbon chains in the
biomass occurs with the end resultant being a liquid fuel. The final products of
this process are diesel fuel, gasoline, methane and heat. The latter two energy
forms, which would otherwise be wasted, can be used in the Cyclone Engines to
power Unified's total system and, possibly, create additional revenue streams
for the facility owner.
"This is an interesting application for our technology in a very important field
of converting waste to usable fuel and power," stated Harry Schoell, CEO of
Cyclone. "We look forward to seeing how our companies ca n work together in the
future."
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 steam engine, ingeniously designed to
achieve high thermal efficiencies through a compact heat-regenerative process,
and to 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, without 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 qual ified 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 Inc.
CONTACT:
For Cyclone Power Technologies Inc.
Media Contact
Will Wellons, 407-462-2718
will@wellonscommunications.com
or
Cyclone Power Technologies Inc.
Frankie Fruge, 954-943-8721
info@cyclonepower.com
or
Unified Fuels LLC
Jeff Hathaway
jeff.l.hathaway@gmail.com
Copyright Business Wire 2010
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KEYWORD: United States
North America
&n bsp; Alabama
Florida
INDUSTRY KEYWORD: Energy
Coal
Oil/Gas
Utilities
Other Energy
Transport
Trucking
&nbs p; Other Transport
Manufacturing
Logistics/Supply Chain Management
Engineering
Steel
Other Manufacturing
Environment
&n bsp; Nuclear
SUBJECT CODE: Contract/Agreement
