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European Union Approves Patent on Cyclone Power Technologiesí Green Engine
Tuesday, February 09, 2010
Pompano Beach, FL -- Cyclone Power Technologies (Pink Sheets: CYPW) announced today that the European Patent Office has issued a notice to grant the company a patent on its award-winning, heat regenerative external combustion engine.
Cyclone’s invention is a high-efficiency modern steam engine, known as a Schoell Cycle engine, capable of running on virtually any liquid or gaseous fuel, and creating far fewer noxious emissions than comparable internal combustion engines. Two of the many aspects that make Cyclone’s engine unique are its multiple heat-regenerative processes and water lubricated system, both of which lead to higher efficiencies and greater power output given its small size and weight. The company is currently developing prototypes for use in automobiles, power generators, solar thermal installations and waste heat recovery applications.
"We are delighted by the decision of the European Patent Office," stated Cyclone’s COO and Director, Frankie Fruge. "Europe presents enormous commercial possibilities for our environmentally friendly engine, as many nations of the EEU have well developed renewable energy programs for solar thermal, biomass and waste energy recovery – areas where we feel our solution can dominate in the market."
The EPO is the gateway for patent protection in 39 European nations, which collectively comprise the largest economy in the world by nominal GDP. Currently, Cyclone has a license with Renovalia Energy in Spain to develop solar thermal power installations; a representative agreement with MEO Products in the United Kingdom to pursue military applications throughout Europe; and additional agreements pending for other alternative power applications.
The patent in the EEU marks the sixth and largest international patent for Cyclone’s engine. The company received patent protection for its engine in Korea, China, Russia, South Africa and Australia in 2009, in the United States in 2006, and then on the engine’s proprietary combustion chamber in the U.S. in 2008.
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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