POMPANO BEACH, FL--(Marketwired - Feb 24, 2015) - Cyclone Power Technologies Inc. (
The Combilift Engines for our customer in Ireland is on its final testing on the dyno and will be ready for shipping when the testing is completed http://youtu.be/gF066FmT5p4. This will generate the first delivery of the pre-production of the Mark 5 Cyclone Engine for Fork Lifts. This Cyclone external combustion engine is very important in meeting the stringent emissions for multi-requirements in the 52 countries that Combilift sells equipment
Cyclone has just received the pre-production parts for 10 Mark 1 Engines and they are in the process of being assembled. Once the components are assembled they will go through a stringent testing process. Thereafter they will be shipped to licensees and OEMs to be integrated into various systems. Cyclone's engineering team is working with these licensees and OEMs to make the integration as smooth and successful as possible.
Cyclone has entered into negotiations with a management consulting team who has expertise in rapid growth, and transition management. They take a Hands-on leadership approach and bring expertise in: business operations, financial management and compliance, asset and investment recovery, product and market development, strategic partnership development, strategic outsourcing, equity/investor acquisition and strategic business consolidation and realignment. As Cyclone enters the final stages of testing of its products we believe that the timing is appropriate to introduce this expertise to take the company into the next growth phase.
The LSR car is still an ongoing project for Cyclone (Video). The Cyclone Mark 5 engine is mounted in the car and awaiting the final safety gear and assembly. Pending the donation of safety gear the car will be subject to test and performance runs. We are all excited to see this and want this to occur very soon. http://www.TeamSteamUSA.com
As a final note, Cyclone is pleased to see that the business model of WHE Generation which is now called Q2Power Corp. and our licensee Phoenix Power Group is progressing as planned with the testing in Ohio. Recently Phoenix Power put out a release and video showing Cyclone engine Technology working on a testing system. All of our officers and directors have been hard at work forging ahead with plans for long term funding, new business development, and strategies to strengthen our company that add value for our shareholders. We look forward to big things to come."
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About Cyclone Power Technologies
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine an all-fuel, clean-tech engine with the power and versatility to run everything from waste energy electric generators and solar thermal systems to cars, trucks and locomotives. Invented by company founder and Chairman Harry Schoell, the patented Cyclone Engine is an eco-friendly external combustion 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. The Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, and was presented with two Society of Automotive Engineers' AEI Tech Awards. Additionally, Cyclone was named Environmental Business of the Year by the Broward County (Florida) 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 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.