POMPANO BEACH, FL -- (Marketwired) -- 09/24/13 --
Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel clean-tech Cyclone Engine, announced today that it has completed the first phase of its development and testing program with The Ohio State University's prestigious Center for Automotive Research (OSU CAR).
Cyclone recruited OSU CAR to assist in the commercialization of its external combustion engine technology, specifically the company's Waste Heat Engine (WHE) model. Since the commencement of the program in June, the partners have completed dynamic analysis of the engine and developed solutions for: improved durability of bearings and valve systems, reduced engine noise and vibration, and enhanced assembly and quality control standards. In addition, Cyclone and OSU CAR have commenced work on the next generation WHE. This improved design engine, which will be built and tested this coming month, has approximately 60% fewer parts. The partners calculate that this will decrease manufacturing costs and increase operational durability without any loss in performance.
Dr. James H. Durand, Director of Testing, Engineering & Software Development Services at OSU CAR, stated: "We are very pleased with the progress we've made to date with the WHE, and feel confident that together with Cyclone's team we can achieve our project goals in the short term. We are quite impressed with the inventive talent at Cyclone, and believe that our added experience in product development can provide the needed mix to get these engines to market."
"This is a strong team working on the commercialization of our WHE, with a great deal of experience in multiple areas of engineering and product development. I see real progress being made towards the goal of getting our engine ready for prototype manufacturing this year. This milestone will mark a fundamental step forward for Cyclone and its shareholders," stated Harry Schoell, Chairman and CTO of Cyclone.
OSU CAR is a Columbus-based interdisciplinary research center within The Ohio State University'sCollege of Engineering. Among other expertise, OSU CAR focuses on advanced engine development, alternative fuels for reduced fuel consumption and emissions, electric and hybrid drivetrains, and advanced battery technology. OSU CAR performs research and analysis for some of the largest automotive OEMs and government agencies in the world.
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 emitting fewer 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 (Florida) Environmental Protection Department. For more information, visit www.cyclonepower.com.
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About OSU CAR
The Ohio State Center for Automotive Research (OSU CAR) is the preeminent research center in sustainable and safe mobility in the United States and an interdisciplinary research center in the College of Engineering. OSU CAR research focuses on: advanced electric propulsion and energy storage systems; advanced engines and alternative fuels for reduced fuel consumption and emissions; intelligent transportation and vehicular communication systems; autonomous vehicles; noise, vibrations, and dynamics; vehicle chassis systems; and vehicle and occupant safety.
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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Source: Cyclone Power Technologies, Inc.