SOURCE: Cyclone Power

August 21, 2015 11:30 ET

Cyclone Power Technologies Signs Binding Agreement With 3R Integration Manufacturer of Denmark to Fulfill 42 Million Dollars in Sales Worldwide

POMPANO BEACH, FL--(Marketwired - Aug 21, 2015) - Cyclone Power Technologies (OTC PINK: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has signed a binding agreement with 3 R A/C. based in Nyborg, Denmark, to manufacture and integrate Cyclones Heat Regenerative External Combustion engines with their furnaces to produce electrical power. This agreement will give Cyclone a manufacturing partner and integrator that have sales on the books and a facility up and running.

The total legal aspects of the Binding Agreement will be worked out over the next 30 days, however the agreement states there are two phases; In phase one 3 R A/C will pay for our lead engineer inventor, Harry Schoell, to go to their manufacturing facility that has 20 staff engineers, and fast track the production of the Mark 3 engine and the integration with their furnace. Phase two includes an equity exchange between Cyclone and 3 R A/C to benefit both Companies to share in profits. This additionally allows Cyclone to participate equally on revenue sharing with 3 R A/C's other partners. Also, in phase two 3 R A/S will market and sell the CHP throughout the world.

Thor Arendal, CEO of 3 R A/C commented "I am very excited that we already have a pipeline for purchase orders and are into production this added value of producing electricity with our already operating furnaces gives us the ability to fulfil our pipeline orders and increase our sales."

3 R is a company, founded in March 2015, based on more than 20 years of experience with a furnace solution based on the system with the latest technique that a patent is pending. The company is incorporated under Danish law, whose purpose of business is to produce furnaces and sales of heat and heating systems. The company currently is delivering heating solutions cheaper than the present solutions, including heating service contracts in compliance with the applicable international regulations. The heating solutions are now being produced in a China facility through a joint venture with a Chinese Manufacturer and 3R wishes to incorporate the Cyclone Engine technology with and without their furnaces to run a generator to produce electricity and sell the electricity. Currently 3 R A/S has the contacts and opportunities to sign contracts and pending orders for sales of $42 million USD of their solutions with Governments and private Companies across the world.

"This agreement with 3 R A/C provides us with entry into one of the fastest growing energy markets in the World. The heat and electrical 'CHP' market is expected to experience exponential growth over the next five years," stated Frankie Fruge, President of Cyclone. "We think that partnering with this team of distinguished leaders in their unique equipment operating fields presents a great commercial opportunity for Cyclone. We look forward to the beginning of what we expect to be strong and mutually beneficial relationship with 3 R A/C."

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 CEO Harry Schoell, the patented Cyclone Engine is a 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 the Society of Automotive Engineers' AEI Tech Award in 2006 and 2008. Additionally, Cyclone was recently named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com.

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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