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Cyclone Power Technologies Receives Patent Approval for Critical Component of Its Green Engine
Friday, June 13, 2008
Pompano Beach, FL -- Cyclone Power Technologies Inc. (PINKSHEETS: CYPW) announced today that the U.S. Patent and Trademark Office has issued a patent approval letter on the Steam Generator for the company's revolutionary, external combustion engine.
The steam generator is a critical component of the award-winning, eco-friendly Cyclone Engine, as it creates thermal efficiencies in the engine. The innovative design of this component creates a cyclonic circulation of gases within the engine's combustion chamber, thus promoting greater heat saturation relative to the amount of fuel burned. It is also this unique process that gives rise to the engine's "Cyclone" name.
"The heat transfer on this unit appears highly advanced and efficient, more than any other heat transfer unit I have studied," stated George Nutz, a technology advisor to the company who has performed rigorous thermal and stress analysis on the steam generator. "This is very rare for such a small unit with such high heat input rates." Mr. Nutz has almost 50 years experience working with external combustion and steam engines, including working as a staff research engineer at MIT Instrumentation Laboratory, part of the Department of Aeronautics and Astronautics.
Added Cyclone CEO Harry Schoell: "We are pleased to receive patent protection on our steam generator. This is an essential element of our technology and one of the main reasons why we believe the Cyclone is the engine of the future."
This patent is the company's second in the U.S., the first being on the entire heat-regenerative external combustion engine. The company has over 48 patents pending in the U.S. and internationally on the engine and each of its 12 major components.
About Cyclone Power Technologies
Cyclone Power Technologies is the developer and patent holder of the Cyclone Engine, a highly efficient, environmentally friendly external combustion engine. Invented by the company's President and CEO, Harry Schoell, the Cyclone Engine regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. The Cyclone Engine is capable of running on any liquid or gaseous fuel, including ethanol, bio-diesel and propane, and is lubricated with de-ionized water instead of motor oil. By eliminating many subsystems like oil pumps, radiators and catalytic converters, the Cyclone Engine is expected to cost less to manufacture, operate and maintain; however, it is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators to cars, trucks and locomotives. The Broward County Environmental Protection Department recently named Cyclone Power Technologies as the Environmental Business of the Year, and Popular Science magazine recently named the Cyclone Engine 2008 Invention of the Year.
Safe Harbor Statement
This release contains certain "forward-looking" statements, as well as historical information, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that the expectations reflected in these forward-looking statements will prove to be correct. Forward-looking statements include those that use forward-looking terminology, such as the words "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "plan," "will," "shall," "should," and similar expressions, including when used in the negative. Although we believe that the expectations reflected in these forward-looking statements are reasonable and achievable, these statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. Additionally, the company's actual or future results may differ materially from those anticipated depending on a variety of factors, including continued acquisition and maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products and continued product innovation, sales and earnings growth, and general economic conditions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements attributable to us are expressly qualified in their entirety by these and other factors. Cyclone Power Technologies does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results, reflect events or circumstances or to changes in its expectations, except as may be required by law.
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