SOURCE: Cyclone Power Technologies, Inc.
POMPANO BEACH, FL--(Marketwired - Jun 12, 2013) - Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has commenced its development and testing program with The Ohio State University's prestigious Center for Automotive Research (OSU CAR), beginning with two days of meetings at Cyclone's offices in Florida.
Cyclone recruited OSU CAR to assist in the commercialization of its external combustion engine technology, specifically the company's Waste Heat Engine (WHE) model. OSU CAR is performing finite element and dynamic stress analysis of the engine, followed by independent durability testing and validation. OSU CAR has assembled a distinguished team to advance this project, including:
Gerald W. Fly: Mr. Fly's career in mechanical engineering spans over 38 years, including most recently 14 years with General Motors as a Research Engineer working in the design, development, finite element and structural analysis of advanced power systems. At GM, he received Chairman's Honor Award twice, and holds over 30 patents and numerous published papers. He holds a BS and MS in Mechanical Engineering from the Massachusetts Institute of Technology.
Fabio Chiara: Dr. Chiara has been with OSU CAR since 2007, most recently as a Research Scientist and Adjunct Fellow. Dr. Chiara specializes in fluid and thermal sciences, energy conversion systems, internal combustion engines, dynamic systems and controls. He has published over 30 international peer reviewed papers; and has eight years professional experience in the field of modeling, control and experimental analysis of internal combustion engines, advanced powertrains and energy conversion systems. Dr. Chiara is also a reviewer for SAE, ASME and IEEE.
James H. Durand: Dr. Durand is Director of Testing, Engineering & Software Development Services at OSU CAR. He is an expert in the design, modeling and optimization of energy systems and has over 30 years of industrial and academic experience with a focus on alternative energy and automotive systems. Dr. Durand also has vast experience working with start-up technology companies, and will serve as Project Manager for the Cyclone program at OSU CAR.
Harry Schoell, Chairman and CTO of Cyclone, stated: "We're honored to be working with this well-grounded group of engineers, and believe that with the expertise and resources that OSU CAR brings to the table, we will be able to meet our goals of getting our WHE into production by the end of this year. My innovation team here in Florida will be providing all support necessary to successfully transition our technology to our manufacturing partners in Ohio."
OSU CAR is a Columbus-based interdisciplinary research center within The Ohio State University's College of Engineering, which is located only 30 miles from the site of Cyclone's manufacturing partner, Precision CNC. 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. Student teams housed at OSU CAR have also developed vehicles that have set land speed records for battery and fuel cell powered electric vehicles at the Bonneville Salt Flats, in three different categories. Each of these records has surpassed 300 mph.
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. http://car.osu.edu/
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.