NEWS --
POMPANO BEACH, Fla., Sep 29, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies
(Pink Sheets: CYPW) has received a purchase order from its licensee Phoenix
Power Group (PPG) for two waste oil power generators. The renewable power
systems are scheduled to be delivered by the end of the year for field testing
with PPG's nationwide distributor, Clean Burn, the world leader in waste oil
furnaces and boilers.
The new Phoenix 10kW waste oil generator will be powered by Cyclone's WHE-25
engine -- a compact, scalable waste heat engine -- using a specially designed,
clean emissions combustion chamber. The "Phoenix 10", which is expected to be in
limited commercial production in early 2011, will allow thousands of oil change
and drop-off locations to recycle their waste motor oil in an
environmentally-friendly and profitable manner by producing grid-tied
electricity.
"Overwhelming market demand has led us to focus on launching a smaller genset
that matches the waste oil disposal requirements of the vast majority of garages
and lube shops throughout the United States," stated Thomas V. Thillen,
President o f PPG. "We still intend on launching a larger 40kW system later in
2011, as previously announced."
Waste motor oil is a major source of contamination of waterways that can result
in the toxic pollution of drinking water. According to the U.S. Environmental
Protection Agency, waste oil from one oil change can contaminate 1 million
gallons of fresh water.
"Approximately one billion gallons of waste oil are disposed of each year in the
U.S.," stated Cyclone's Executive VP, Christopher Nelson. "We are pleased to be
part of a project that could have such widespread benefits -- giving companies
and individuals an economic incentive to turn this potentially hazardous
substance into a clean, renewal energy source."
To learn more about PPG's waste oil systems, please visit the company's web site
which, for a limited time, can be accessed through GE-ecomagination/Phoenix --
the $200 million GE Challenge. To see a video of Cyclone's sc alable Waste Heat
Engine that will power the Phoenix 10, please visit:
GE-ecomagination/Cyclone-WHE.
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 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 Automot ive 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. Th e 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@redletterpr.com
or
Cyclone Contact:
Frankie Fruge, 954-943-8721
Frankie@cyclonepower.com
or
Phoenix Power Contact
Thomas Thillen, 901-288-9488
tom@phoenixpowergroup.com
www.phoenixpowergroup.com
Copyright Business Wire 2010
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KEYWORD: United States
&n bsp; North America
Florida
INDUSTRY KEYWORD: Energy
Alternative Energy
Oil/Gas
Other Energy
Technology
Electronic Design Automation
Transport
; Trucking
Other Transport
Public Transport
Manufacturing
Automotive Manufacturing
Engineering
Steel
Other Manufacturing
Automotive
Environment
General Automotive
SUBJECT CODE: Contract/Agreement
