POMPANO BEACH, FL June 1, 2016 Cyclone Power Technologies Inc. (OTC:CYPW), developer of the all-fuel clean-techCyclone Engine,announced that G2E, S.A.P.I. de C.V. (“G2E”) has signed a Systems Application Agreement and an Engineering Development Agreement with Cyclone Power Technologies. These agreements will formulate over the next 6 months a beta Solar site that will be developed using Cyclone’s solar panels, Cyclone’s Thermal Storage Unit and the Cyclone engine to produce 24/7 electrical power from the energy of Solar.
The Engineering Development Agreement starts with Harry Schoell, Cyclone’s inventor and Chief Technical Officer, going to Mexico City in August, with the Mark 1 ( 5.5 HP) Engine. He will assist the engineers at G2E, located on the site of Mexico’s leading institution, the Universidad Nacional Autónoma de México (UNAM) in the design of a portable system using Cyclone Solar Panels, Engine, and Thermal Storage Unit for remote area power generation. The Systems Application License Agreement allows G2E the rights to build and sell the solar systems, excluding military, in Latin America, New Zealand, and Australia.
Frankie Fruge, President of Cyclone Power, stated, “Off Grid power generation is a major interest worldwide. Cyclone’s Green Technology using the Thermal Storage Unit which is totally biodegradable, unlike traditional power storage batteries, is a game changer in off grid power. The Thermal Storage Unit can store heat from the sun or thermal of any source which can be used as the fuel to power the Cyclone Engine to produce electricity. G2E’s project will work alongside Nextra Energy Solutions in their Solar 1 Megawatt projects. There will be manufacturing from the License agreement and development of new products in our R&D center and income from license fees, and royalties. We are extremely focused on completing projects bringing revenue to our top line and profits to the bottom line.”
Daniel Camarena of G2E, stated, “We’ve been engaged in remote area technologies for rural development for commercial and industrial applications worldwide. Cyclone’s solar storage and power generation is the most innovative green technology that we have seen. G2E is very excited to be the first to introduce this small off grid power solution to our customers. On July 1st, I will be in our New Zealand and Australia bases to bring the Cyclone Technology to our teams there. With the Cyclone power package we feel that we can be in production in late 2017 for our rural developments. We have people who have more than 30 years of experience in research and development of gasification technologies and over 12 years of experience implementing renewable energy projects based on gasification of solid waste. Teaming with Cyclone will bring a new source of energy projects in keeping with our mission of developing a wide range of solutions for energy from green technology. Our electrical-mechanical engineers, chemists, project managers, financial advisors and technicians ensure that projects will be developed in time and on budget covering the required specifications. Now we want to take this technology and expand it for the rural development of off grid power. This is the fastest growing markets in the World. The off grid electrical market is expected to experience exponential growth over the next five years.”
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 CTO 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 Environmental Protection Department. We have also received EPA and California Emissions certifications for 25HP and under using any fuel for power generation. For more information, visit www.cyclonepower.com.
Follow Cyclone on Facebook: http://www.facebook.com/CyclonePowerTechnologies
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.
Cyclone Power Company Contact
Frankie Fruge, President
G2E, S.A.P.I. de C.V