POMPANO BEACH, FL--(Marketwire - Feb 6, 2013) - Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has signed an agreement with The Ohio State University's prestigious Center for Automotive Research (OSU CAR) to perform design analysis and testing services for the company.
Cyclone has teamed with OSU CAR to assist in the commercialization of its external combustion engine technology, specifically the company's Waste Heat Engine (WHE) model. OSU CAR will initially perform finite element and dynamic stress analysis of the engine, followed by independent long term durability testing. Cyclone will utilize Phoenix Power's waste motor oil combustion chamber / heat exchanger (CCHX) to supply steam to the system during these tests, which will also allow the team to document exhaust emissions from the integrated system.
Giorgio Rizzoni, director of OSU CAR and a Ford Motor Company Chair, stated: "We're pleased to be working with Cyclone on this very promising new technology. We see the great potential for utilizing Cyclone engines in the waste-to-energy sector, and are excited to be part of their development. I believe that our team of talented engineers and students will be able to add considerable value to this program."
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 proposed joint venture with Precision CNC to manufacture Cyclone engines. 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. 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.
Jim Landon, Cyclone's CEO, stated: "We're thrilled to be working with Dr. Rizzoni and his team at Ohio State Center for Automotive Research. There is much we believe they can add to the commercialization and market placement of our engine technology, including a fresh set of engineering eyes and respected third-party validation. Their close proximity to our manufacturing partner, as well as the tremendous value their expertise provides us, makes this a major step forward for Cyclone and our shareholders."
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.