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Russia Issues Patent on Cyclone Power Technologiesí Green Engine
Wednesday, October 14, 2009
Pompano Beach, FL -- Cyclone Power Technologies (Pink Sheets: CYPW) announced today that Russia has granted the company a patent on its award-winning, heat regenerative external combustion engine.
Russia initially issued a notice of allowance in January 2009, but this recent event marks the official approval and issuance of full patent protection for Cyclone’s engine technology. Initially filed in 2005, the Russian patent is valid through September 2025.
Cyclone has received many requests for information from companies in Russia, as well as other eastern European nations, for its high-efficiency modern steam engine. The Cyclone engine is capable of running on virtually any liquid or gaseous fuel, including liquid natural gas (LNG) which exists in great reserves in Russia. According to the Energy Information Administration, Russia gets over half of its domestic energy needs from natural gas, and has a great national need to find new methods of utilizing this resource in power generation, automotive and other critical applications.
"We are excited to be able to expand our efforts to find commercial licensees for our technology and investment partners in Russia, now that our engine has received this much needed protection," stated Cyclone’s COO and Director, Frankie Fruge.
The company received patent protection for its engine technology in Korea, China, South Africa and Australia earlier in 2009, in the United States in 2006, and then on the engine’s proprietary combustion chamber in the U.S. 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.
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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