POMPANO BEACH, FL -- (Marketwired) -- 05/23/13 -- Cyclone Power Technologies (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, and McGill University of Quebec, Canada announced that the two groups have signed a Memorandum of Understanding (MOU) to develop alternative solid fuel combustion systems for micro-sized power units.
Cyclone has identified a key business line for its external combustion technology in providing universal portable power for next generation battery charging, as well as mechanical shaft power for autonomous robots, exoskeletons and bio-medical systems. Cyclone views this as a long-term opportunity in a massive growth industry with substantial global impact.
Critical to achieving system size constraints for portable power and robotics, however, is developing high power density thermal sources and combustion systems for next generation Cyclone engines. McGill's research in the controlled combustion of energy dense solid fuels is one of the most advanced programs in the discipline, and can possibly lead to massive technological leaps in generating heat to run micro-scale external combustion engines.
Christopher Nelson, President of Cyclone, stated: "This early-staged project is part of a larger plan to expand Cyclone's base technology beyond our current programs and into additional cutting edge markets for the future -- integrating ourselves with Lithium Ion batteries, fuels cells and advanced robotics. These growth sectors range from enhancing human capabilities, to human-robotic interaction in medical devices, to even space exploration. It is a logical maturing of Cyclone's founding mission of innovation to pursue these forward looking opportunities, especially with leading research institutions like McGill."
Cyclone and McGill worked on a project submission previously to the Department of Energy's ARPAe program, and although not initially selected for funding, it began a relationship between the two entities. Cyclone's interest in micro-sized power units began several years ago with its 100W "Genie" concept, which was put on-hold pending additional funding and strategic partners. Cyclone believes that McGill's knowledge in high power density fuel systems is essential to obtaining required performance levels, and anticipates inclusion of several more renowned research universities and technology innovation companies to advance the goals of this project.
About Cyclone Power Technologies
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine -- an all-fuel, clean-tech engine with the power and versatility to run everything from waste energy electric generators and solar thermal systems to cars, trucks and locomotives. Invented by company founder and Chairman Harry Schoell, the patented Cyclone Engine is an eco-friendly external combustion 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 minimizing the release of greenhouse gases and irritating pollutants into the air. The Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, and was presented with two Society of Automotive Engineers' AEI Tech Awards. Additionally, Cyclone was named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com.
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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.
McGill University Contact
Mark Weber, Ph.D., P.Eng.
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