Cyclone Power Technologies Signs MOU With McGill University to Advance Combustion Systems for Micro-Sized Power Units
May 23 2013 - 9:00AM
Marketwired
Cyclone Power Technologies (OTCQB: CYPW),
developer of the
all-fuel,
clean-tech Cyclone Engine, and McGill University of
Quebec, Canada announced that the two groups have signed a
Memorandum of Understanding (MOU) to develop alternative solid fuel
combustion systems for micro-sized power units.
Cyclone has identified a key business line for its external
combustion technology in providing universal portable power for
next generation battery charging, as well as mechanical shaft power
for autonomous robots, exoskeletons and bio-medical systems.
Cyclone views this as a long-term opportunity in a massive growth
industry with substantial global impact.
Critical to achieving system size constraints for portable power
and robotics, however, is developing high power density thermal
sources and combustion systems for next generation Cyclone engines.
McGill's research in the controlled combustion of energy dense
solid fuels is one of the most advanced programs in the discipline,
and can possibly lead to massive technological leaps in generating
heat to run micro-scale external combustion engines.
Christopher Nelson, President of Cyclone, stated: "This
early-staged project is part of a larger plan to expand Cyclone's
base technology beyond our current programs and into additional
cutting edge markets for the future -- integrating ourselves with
Lithium Ion batteries, fuels cells and advanced robotics. These
growth sectors range from enhancing human capabilities, to
human-robotic interaction in medical devices, to even space
exploration. It is a logical maturing of Cyclone's founding mission
of innovation to pursue these forward looking opportunities,
especially with leading research institutions like McGill."
Cyclone and McGill worked on a project submission previously to
the Department of Energy's ARPAe program, and although not
initially selected for funding, it began a relationship between the
two entities. Cyclone's interest in micro-sized power units began
several years ago with its 100W "Genie" concept, which was put
on-hold pending additional funding and strategic partners. Cyclone
believes that McGill's knowledge in high power density fuel systems
is essential to obtaining required performance levels, and
anticipates inclusion of several more renowned research
universities and technology innovation companies to advance the
goals of this project.
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
minimizing the release of 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. 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 Contact Christopher Nelson President Tel: 954-943-8721
chris@cyclonepower.com http://www.cyclonepower.com McGill
University Contact Mark Weber, Ph.D., P.Eng. Commercialization
Officer Tel: 514-398-8949 mark.weber2@mcgill.ca
http://www.mcgill.ca/research