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Canada Approves Patent on Cyclone Power Technologies’ Green Engine
Tuesday, March 03, 2009
Pompano Beach, FL -- Cyclone Power Technologies, Inc. (Pink Sheets: CYPW) announced today that the Canadian Intellectual Property Office has issued a notice of allowance for patent protection on the company’s environment-friendly external combustion engine.
Canada’s approval of the company’s patent application marks the sixth major industrialized nation, including the U.S., to issue patent protection on the Cyclone Engine. Recently, China, Russia, Australia and South Africa also issued patent acceptance letters.
"We have received a great deal of interest in manufacturing and marketing our clean, green engines in Canada," stated Frankie Fruge, Cyclone’s COO and Director. "With this protection we are in a better position to enter agreements with Canadian groups, which we believe will ultimately generate sales and licensing revenue."
Canada has been making great strides recently in developing renewable energy projects. Ontario, Canada’s largest province, passed the Green Energy and Green Economy Act in February aimed at making the region a leader in renewable energy production over the following years. Of high importance in the legislation is the production and use of biomass, a fuel source on which the Cyclone Engine is particularly well adapted to run.
Cyclone received its first patent in the United States on its award-winning, heat regenerative steam engine (#7,080,512) in 2006, and then on the engine’s unique centrifugal combustion chamber (#7,407,382) in 2008. The company has applications pending for other components of its engine in the U.S., and for the engine in virtually every industrialized nation.
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 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 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.
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