- We will deliver engines to Raytheon in Q2 2012, per our contract. This delivery will mark a major milestone for Cyclone.
- We will commence the integration in Q2 2012 of our Waste Heat Engine (WHE-25) with the Phoenix Power Group's waste oil combustion system developed in conjunction with Clean Burn / Lanair, leading to anticipated system delivery for our customer in Q3 2012.
- We will commence work in Q2 2012 on the Mark V engines for Combilift, a leading industrial equipment manufacturer, with an estimated delivery by the end of the year.
- We will continue to secure the alliances throughout 2012 that will add value to our engine technology, including seeking a partnership with a high-tech generator manufacturer.
- We will look to further expand and monetize our portfolio of over 31 patents worldwide, including forming partnerships in regions like Australia and Europe to manufacture and sell Cyclone engines.
- We will claim the land speed record for steam powered vehicles in 2012.
We feel confident that by the end of 2012 we will have products readily available for sale. Of our several engine models, our WHE-25 is the closest to market. We are currently adding manpower and resources to this engine program so we can get into production by early 2013. Likewise, upon the completion of the Raytheon contract, we will be able to shift additional resources to Mark V engines for other projects including Combilift, the Team Steam land speed record attempt, and new customers who we already have in line to purchase these engines.
