Pompano Beach, FL, Dec. 21, 2010. Cyclone Power Technologies (Pink Sheets: CYPW) reported exceedingly positive feedback at the recent Power-Gen International conference from customers, manufacturers and suppliers for its waste heat recovery and waste oil power generators offered by Phoenix Power Group LLC (PPG) and Clean Burn Inc.
“We felt the show was an absolute success in terms of creating awareness and generating interest among potential customers around the world,” stated Clean Burn’s [President] Morris Mantley. “From the response at this event alone, we believe demand for these clean-burning waste oil power generators will exceed expectations in 2011 and beyond.”
Cyclone, PPG and Clean Burn intend on launching several dozen pilot programs in the first half of 2011 for the 10kW waste oil power generator called the Phoenix-10, and the small-scale industrial waste heat recovery unit called the WHE-GEN-10. Broader commercial sales of these units are anticipated to commence later in the year.
“We thank Cyclone for organizing an excellent showing and, more importantly, developing a truly revolutionary engine system which had no comparables at the conference,” stated Doug Petty, Vice President of PPG, which also is a partner in Cyclone’s waste heat recovery business. “We must start using energy more efficiently for the sake of our environment, economy and national security. We believe that the Phoenix-10, and WHE-GEN-10, provides the first financially attractive solution of its kind for thousands of small business owners.”
The Phoenix-10 waste oil power generator is a compact unit that presents garages, lube shops, auto dealerships and other producers of used motor oil with a cash positive and environmentally friendly manner to recycle their waste materials. The WHE-GEN-10 provides up to 10kW of renewable power per unit (currently scalable up to 100kW) from the medium to high-grade waste heat of small industrial furnaces, ovens, kilns and flares. Both systems are powered by Cyclone’s award-winning engine, the WHE-25.
“As important as spending time with customers was our ability to meet with manufacturers and suppliers,” stated Cyclone’s Executive Vice President, Christopher Nelson. “To successfully grow from zero to over $40 million in estimated sales in a short period of time requires the support of strong partners, which we feel we have found.”
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.
Cyclone Media Contact
Cyclone Corporate Contact:
Chris Nelson: 954-943-8721
Phoenix Power Contact
Thomas Thillen: 901-288-9488
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.