To implement this business plan we have pursued the following projects:
•Phoenix Power's waste motor oil power co-generator. This licensing partnership provides a strong, experienced distribution network in a market where over 150,000 current waste oil furnaces in oil change shops, garages and car dealerships are available for retrofitting or replacement with Cyclone/Phoenix power and heat co-generation units over the coming years.
•B&W Constructors & Equipment's methane combustion system. B&W provides Cyclone with a development and distribution partner to start pilot programs for methane-to-power units on small livestock farms, municipal landfills and waste water treatment facilities in the U.S. and the Caribbean in 2013.
•Enginuity Energy's advanced biomass gassifier. Enginuity provides combustion technology that significantly broadens the types of solid biomass and bio-waste that can be used to run Cyclone engines.
•Clean Carbon, an Australian agricultural technology development group. Clean Carbon is working on production development funding opportunities with the Australian government and its base of agricultural and municipal customers.
•Aura Systems, a high tech generator manufacturer. Aura provides the technology and experience to complete the electrical side of our power generating systems.
An enormous opportunity also exists for Cyclone engines to power multi-fuel, cleaner running and more efficient cars and trucks. Because the hurdles to entry for transportation applications are significantly higher than in the waste-to-energy markets, we are seeking major development partners to provide Cyclone with funding and expertise to succeed in this sector. Our strategy for this includes the completion and running of our Team Steam USA Land Speed Record (LSR) car in the coming months, which will provide an important demonstration and further validation to future partners of the capabilities of our technology.
Cyclone has made great strides over the past few months in transitioning its engine technology from prototype to production, which includes:
•Successful integration of our WHE-25 engine with Phoenix's waste oil combustion chamber / heat exchanger (CCHX). Testing is progressing well, and over the following months we will be optimizing the performance and durability of this system with the goal of commencing pilot programs and limited run production in 2013.
•Advancement of the Mark 5 engine for both the LSR project and our customer Combilift, the European material lift equipment manufacturer.
•Progress is ahead of schedule on the compact S-2 engine for our contract with the U.S. Army to use these engines as mounted and dismountable 10kWe auxiliary power units for combat vehicles.
In the past month we have brought in Jim Landon, who currently serves on the Company's Board of Directors, to assume the role of Chief Executive Officer on an interim basis. Jim has considerable experience in manufacturing and operations, and will be instrumental in overseeing our transition from prototyping to production. This will include helping to build greater alliances with Cyclone's manufacturing partners, and recruiting top-level production engineers and executives to oversee this transition process.
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